# Gesellschaft für Vorsorge mbH

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gesellschaft-fur-vorsorge-mbh

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.afilio.de
- Total disclosed funding: $18M
- Latest round: Series A (Jul 20, 2022)
- Investors on record: 5

## About

Gesellschaft für Vorsorge mbH, operating as Afilio, provides a digital platform for families to manage end-of-life planning and emergency preparedness through essential legal documentation and support services.Founded in 2017 in Berlin, Germany, Gesellschaft für Vorsorge mbH, also known as Afilio, specializes in digital solutions for legal documentation related to end-of-life care. The company has undergone strategic pivots to enhance its service offerings. It has successfully raised EUR 5.2 million in its latest Series A funding round, co-led by CommerzVentures and Speedinvest, which is the total amount raised so far. Notably, the founders include Julien Turri, Philip Harms, Philipp Zauner, Richard Musiol, and Till Oltmanns, each bringing diverse backgrounds to the company’s leadership.Afilio offers a comprehensive membership platform aimed at securing families against emergencies, caregiving situations, and death. Their core product includes the Afilio membership, which provides access to essential legal documents such as advance directives, care powers of attorney, and wills, all of which can be created and officially registered through their platform. The membership also features a 24/7 emergency card that contains vital information and documents for quick access by healthcare providers and family members during critical situations. Primarily serving individuals and families in Germany, Afilio addresses the needs of over 4 million families who trust their services for end-of-life planning and emergency preparedness. The platform simplifies complex legal documentation and provides personalized support, making it accessible to a wide range of users.Afilio's revenue model is based on a subscription service that allows families to sign up for their membership, providing a structured approach to end-of-life planning. Clients pay an annual fee, which grants them access to the full suite of services, including the creation of legal documents and continuous updates to their personal information. While specific pricing plans are not disclosed, the membership starts at EUR 29 per year, establishing a direct-to-consumer transaction structure. Afilio also offers additional services such as care grade assessments and more detailed planning tools, which may be included within the membership or available as add-ons. By focusing on individual and family needs, Afilio's revenue strategy fosters long-term relationships with clients, enhancing customer satisfaction and retention.In July 2022, Gesellschaft für Vorsorge mbH raised EUR 5.2 million in Series A funding, which will be utilized to support the company’s growth strategy. The funding will help Afilio enhance its product offerings and expand its reach to new markets. Specific upcoming initiatives include the development of new products designed to further assist users in end-of-life planning. While exact release dates have not been disclosed, the company aims to improve its service portfolio significantly in the near future.

## Funding rounds

- Series A, Jul 20, 2022, $5.3M — Commerzbank, Speedinvest, Cherry Ventures, Mutschler Ventures
- Series A, Aug 11, 2021, $13M — Commerzbank, Speedinvest, Cherry Ventures, NAP

## Investors

- Commerzbank (https://capitalatlas.ai/funds/commerzbank) — Series A
- Speedinvest (https://capitalatlas.ai/funds/speedinvest) — Series A
- Cherry Ventures (https://capitalatlas.ai/funds/cherry-ventures) — Series A
- NAP (https://capitalatlas.ai/funds/nap) — Series A
- Mutschler Ventures (https://capitalatlas.ai/funds/mutschler-ventures) — Series A