fairr.de, a Berlin, Germany-based corporate pensions platform, raised a Series A funding round of undisclosed amount.
Backers included from Aegon-owned venture capital firm Transamerica Ventures, VC Fonds Technologie Berlin managed by IBB Beteiligungsgesellschaft, and Saving Global founders Tamaz Georgadze and Frank Freund.
The company intends to use the funds to continue to strengthen the team, develop its corporate pensions platform and boost awareness of its private pension products.
Founded in November 2013 by CEO Jens Jennissen, Fairr.de focuses on developing customer-friendly retirement solutions. For retail customers, the company offers state-subsidised savings plans in collaboration with Sutor Bank and myLife Lebensversicherung AG. To corporate customers, fairr.de offers an online platform on which employers can establish and manage standardized and legally secure corporate pension schemes.
The company has been financed by business angels and the founders have also secured a place in the ProSiebenSat.1 Accelerator program receiving startup financing and mentoring as well as an advertising budget of €500k.