Finanzchef24 GmbH, a Munich, Germany-based provider of an independent small business insurance comparison portal and a platform for insurance brokers, raised €4m in funding.
Backers included Munich-based venture capital firms Target Partners and Mercura Capital.
The company intends to use the funds to further expand its marketing activities, invest in its recently established Finanzchef PRO broker service.
Established in 2012 and led by Ralf Müller, Hendrik Rennert and Felix Schollmeier, Finanzchef24 operates Finanzchef24, a small business insurance comparison portal and Finanzchef PRO for insurance brokers. The www.finanzchef24.de portal offers small businesses and self-employed operators a free service for comparing insurance options, and way to sign up online for the policy tailored to the customer’s needs. Business owners and self-employed operators from around 740 business types, such as roofers, plumbers and electricians, restaurant owners, IT consultants, caretakers, hair stylists, building cleaners and advertising vendors, can choose from the product range of 17 leading German insurance providers.
On www.finanzchefpro.de, insurance brokers can run online comparisons of small business insurance product offerings in the liability and contents segments.