# Getsafe Digital

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/getsafe-digital

- Industry: Insurance
- Headquarters: Heidelberg, Germany
- Website: www.hellogetsafe.com
- Total disclosed funding: $119M
- Latest round: Series B (Oct 6, 2021)
- Investors on record: 12

## About

Getsafe Digital GmbH is a digital insurance company that provides a mobile platform for users to manage their insurance policies effortlessly and efficiently, focusing on enhancing user experience and accessibility.Founded in 2014 and headquartered in Heidelberg, Germany, Getsafe Digital GmbH operates a fully digital insurance platform. The company has raised a total of USD 63.00 mn through its funding rounds, with the latest being a Series B round involving significant investors like Abacon Capital and CommerzVentures. The founders, Christian Wiens, Hendrik Diler, and Marius Simon, have backgrounds in entrepreneurship and technology, driving Getsafe's innovations in the insurance sector.Getsafe offers a comprehensive digital insurance platform that allows users to purchase and manage various insurance policies via a mobile application. Their services include streamlined access to coverage, rewards for safe practices (known as Safepoints), and the convenience of filing claims directly through the app. With a focus on user engagement, Getsafe serves over 500,000 customers primarily in Germany while adhering to strict regulatory standards set by the German Financial Supervisory Authority (BaFin).In the most recent year of 2023, Getsafe reported revenue of USD 17.21 mn. The company operates a direct-to-consumer revenue model, leveraging subscription-based pricing for its insurance offerings, which allows for quick policy management and claims processing through its mobile app. The significant focus on value-added services enhances customer experience and positions the company competitively in the market.Moving forward, Getsafe aims to launch new insurance products that are currently in design, although specific release dates have not been disclosed. The company also plans to expand its reach into new markets beyond Germany, focusing on opportunities within Europe to increase its customer base. Recent funding from its Series B round will be utilized to support these expansions and product developments, ensuring that Getsafe can continue to innovate and enhance its offerings in the insurance technology space.

## Funding rounds

- Series B, Oct 6, 2021, $63M — Earlybird, Swiss Re, Commerzbank, Abacon Capital
- Series B, Aug 18, 2020, $30M — Earlybird, Swiss Re, Commerzbank, Capnamic, b2venture
- Series A, Jun 5, 2019, $19M — Partech Partners, Earlybird, Commerzbank, Capnamic, b2venture, HW Capital, Global Founders Capital
- Series A, Oct 20, 2015, $5.6M — Acton Capital, Commerzbank, Capnamic, b2venture, HW Capital, Global Founders Capital
- Seed, Jun 8, 2015, $0.8M — HW Capital, Global Founders Capital, PB Venture Group, ApolloCapital

## Investors

- HW Capital — Seed, Series A
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed, Series A
- PB Venture Group — Seed
- ApolloCapital (https://capitalatlas.ai/funds/apollocapital) — Seed
- Acton Capital (https://capitalatlas.ai/funds/acton-capital) — Series A
- Commerzbank (https://capitalatlas.ai/funds/commerzbank) — Series A, Series B
- Capnamic (https://capitalatlas.ai/funds/capnamic) — Series A, Series B
- b2venture (https://capitalatlas.ai/funds/b2venture) — Series A, Series B
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series A
- Earlybird (https://capitalatlas.ai/funds/earlybird) — Series A, Series B
- Swiss Re — Series B
- Abacon Capital (https://capitalatlas.ai/funds/abacon-capital) — Series B