# ELEMENT Insurance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/element-insurance

- Industry: Insurance
- Headquarters: Berlin, Germany
- Website: www.element.in/
- Total disclosed funding: $77M
- Latest round: Series B (Jul 15, 2022)
- Investors on record: 14

## About

Based in Berlin, Germany, and founded in 2017 by co-founders Henning Groß, Richard Hector, Wolff Graulich, and Sascha Herwig, ELEMENT Insurance AG operates as a provider of insurance capacity solutions to managing general agents (MGAs), focusing on risk management and cooperation with reinsurers. In March 2024, ELEMENT Insurance AG raised EUR 50 million in venture funding from Versorgungswerk der Zahnärztekammer Berlin and Mundi Ventures. As of 2024, the company is led by its CEO, Dr. Astrid Stange.

The company provides a wide range of insurance services, such as primary insurance coverage, risk management solutions, and access to reinsurance capacity. The company also offers embedded insurance options and data-driven risk assessments.

## Funding rounds

- Series B, Jul 15, 2022, $22M — Witan Investment Trust, Mundi Ventures, Versorgungswerk der Zahnärztekammer Berlin, Ilavska Vuillermoz Capital
- Series A, Aug 19, 2020, $12M — Global Brain, SBI Investment, Finleap, Sony Financial Ventures, Versorgungswerk der Zahnärztekammer Berlin
- Series A, Jan 16, 2019, $5.7M — Mitsui Sumitomo Insurance, MS&AD Ventures
- Series A, Nov 29, 2018, $26M — SBI Holdings, Signal Iduna, SBI Investment, Finleap, Mundi Ventures, Engel & Völkers AG
- Seed, May 7, 2017, $12M — Signal Iduna, Finleap, Early Impact Ventures

## Investors

- Signal Iduna — Seed, Series A
- Finleap (https://capitalatlas.ai/funds/finleap) — Seed, Series A
- Early Impact Ventures (https://capitalatlas.ai/funds/early-impact-ventures) — Seed
- SBI Holdings — Series A
- SBI Investment (https://capitalatlas.ai/funds/sbi-investment) — Series A
- Mundi Ventures (https://capitalatlas.ai/funds/mundi-ventures) — Series A, Series B
- Engel & Völkers AG — Series A
- Mitsui Sumitomo Insurance — Series A
- MS&AD Ventures (https://capitalatlas.ai/funds/ms-ad-ventures) — Series A
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series A
- Sony Financial Ventures — Series A
- Versorgungswerk der Zahnärztekammer Berlin — Series A, Series B
- Witan Investment Trust — Series B
- Ilavska Vuillermoz Capital (https://capitalatlas.ai/funds/ilavska-vuillermoz-capital) — Series B