# ottonova Holding

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ottonova-holding

- Industry: Healthcare IT
- Headquarters: Munich, Germany
- Website: www.ottonova.de
- Total disclosed funding: $123M
- Latest round: Series F (Sep 2, 2022)
- Investors on record: 8

## About

Based in Munich, Germany, and founded in 2015, ottonova Holding AG operates as a digital private health insurance platform. It is supported by institutional investors such as Debeka, btov Partners, HV Capital, and many others. As of 2017, the company was BaFin Licensed and start trading with two full insurance policies. The company's CEO is Dr. Roman Rittweger.

The company is consists of health professionals and employees with expertise in tariffs and reimbursements. It develops an application that provides functions such as video call and invoice upload helpful in private online health insurance transactions. The company also develops; Concierge, a central point of contact that answers questions regarding health and other related ideas; and health X, an online reward program for ottonova customers. The company also provides an advisory team and an online appointment function to minimize the time spent compared with face-to-face transactions.

The company's revenue is generated by offering the online application to users that seek innovative solutions in applying for reimbursements and other health insurance policies.

Following its partnership with a group of investors, the company will use the capital for its sales and marketing initiatives to expand its customer base and improve its technology platform.

## Funding rounds

- Series F, Sep 2, 2022, $34M — Cadence Growth Capital
- Series D, Nov 25, 2019, $66M — HV Capital, b2venture, Vorwerk Ventures, Debeka Group
- Series C, Jun 20, 2017, $22M — Debeka Gruppe, HV Capital, b2venture, Vorwerk Ventures, Tengelmann Ventures Management, STS Ventures

## Investors

- Debeka Gruppe — Series C
- HV Capital (https://capitalatlas.ai/funds/hv-capital) — Series C, Series D
- b2venture (https://capitalatlas.ai/funds/b2venture) — Series C, Series D
- Vorwerk Ventures (https://capitalatlas.ai/funds/vorwerk-ventures) — Series C, Series D
- Tengelmann Ventures Management (https://capitalatlas.ai/funds/tengelmann-ventures-management) — Series C
- STS Ventures (https://capitalatlas.ai/funds/sts-ventures) — Series C
- Debeka Group — Series D
- Cadence Growth Capital (https://capitalatlas.ai/funds/cadence-growth-capital) — Series F