hepster, a Rostock, a Germany-based embedded InsurTech company, raised €10M in Series B funding.
The round saw participation from Element Ventures, Seventure Partners, and Claret Capital Partners. The new capital consists of equity and debt.
The company intends to use the funds to support its continued expansion into new markets, delivering continued sustainable growth and securing its pathway to profitability.
Founded in 2016 by CEO Christian Range, Hanna Bachmann, and Alexander Hornung, hepster offers an API-driven ecosystem that enables companies from all industries to integrate needs-based and individual insurance into their offerings. Its portfolio includes mobility, electronics, equipment, travel, pet and accident insurance. The company has already won over 2,500 partners and more than 250,000 customers with over 500 customised insurance products. hepster now operates in Germany and Austria, and since spring 2022 also in France.
FinSMEs
12/07/2023