Insurance startup Hepster raises around 8.4 million euros
Rostock — In its Series A, Rostock-based insurance startup Hepster has received about €8.4 million ($10 million). New entrants are London-based fintech VC Element Ventures and Paris-based sumup investor Sevenventure Partners. The former shareholders Mittelständische Beteiligungsgesellschaft Mecklenburg-Vorpommern and GPS Ventures have also joined in.
The startup by Hanna Bachmann, Christian Range and Alexander Hornung, which is just under five years old, offers insurance, such as accident or theft insurance, to more than 700 corporate customers from the mobility, sports, electrical equipment and travel sectors.
Since its launch in spring 2017, the Rostock-based insurtech has already convinced more than 700 partners and around 70,000 customers of its insurance products.
hepster develops individual and tailor-made insurance products based on the needs of today’s people as well as the business models of our partners. Special attention is paid by hepster to flexible and transparent contract design as well as uncomplicated insurance conclusion in order to ensure an optimal customer experience. Close cooperation with various reinsurers enables fast product solutions tailored to the needs of the cooperation partners. On the one hand, insurance policies can be booked in the online store with just a few clicks and completely digitally. On the other hand, the insurance products can be integrated seamlessly and completely digitally into existing and new processes with the help of various interfaces.
About Element Ventures LLP
Element Ventures LLP, based in London, UK, operates as a venture capital company. The Company provides investment in early-stage, high potential, and growth start-up companies.