# Embea

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/embea

- Industry: Insurance
- Headquarters: Berlin, Germany
- Website: www.embea.com/
- Total disclosed funding: $4.4M
- Latest round: Seed (Dec 20, 2023)
- Investors on record: 6

## About

Founded in 2022 by Dmitry Muzhikov, Johannes Becher, and Leopold Jedina, and based in Berlin, Germany, Embea GmbH operates as a life insurance company that offers insurance products and offerings that provide coverage against critical illnesses, accidents, and death. In February 2024, Embea GmbH raised EUR 4 million in seed funding led by investor Atlantic Labs, with participation from Astorya.vc.

The firm offers digital insurance services that provide straightforward coverage through user-friendly plans that protect families from critical illnesses, accidents, and death. The firm’s insurance products are embedded into various apps and services, eliminating complexity and paperwork. Their coverage includes critical illness insurance, offering an immediate tax-free payout for conditions like cancer, stroke, and heart attack, with children insured for free.

The company intends to use the February 2024 funding for its business growth and expansion.

## Funding rounds

- Seed, Dec 20, 2023, $4.4M — Atlantic Ventures, Atlantic Labs, La Roca Capital, Astorya.vc, ELUNDA GmbH, YS CAPITAL PTE. LTD.

## Investors

- Atlantic Ventures — Seed
- Atlantic Labs (https://capitalatlas.ai/funds/atlantic-labs) — Seed
- La Roca Capital — Seed
- Astorya.vc — Seed
- ELUNDA GmbH — Seed
- YS CAPITAL PTE. LTD. — Seed