Friendsurance, a Berlin, Germany-based P2P insurance platform, raised over $15m in Series B funding.
The round was led by Horizons Ventures.
The company intends to use the funds to expand operations globally, starting with Australia in 2016.
Founded in 2010 by Tim Kunde, CEO, Friendsurance leverages an online peer-to-peer insurance model which combines social networks with established insurance companies to allow customers to connect and form individual insurance-networks, thereby lowering their annual premiums related to household, personal-liability and legal-expenses insurance products.
The company, which currently partners with 70 insurance firms in Germany, has 80 employees from over 18 nations.