German InsurTech in 18 Facts

InsurTech VC is Mega Hot!

What do Ashton Kutcher, Tech behemoths such as Google/Alphabet and Alibaba, top venture capitalists, leading insurance giants and German publishing houses have in common?

They have all discovered InsurTech as a potential goldmine and are chasing startups with their venture capital dollars. In aggregate, they have invested $2.7bn globally in 2015, which is more than 3.5x the 2014 number.

And What’s Going on in Germany?

Apparently, InsurTech VC is mega hot at present. After fairr.de has been awarded FinTech of the Year 2015 it’s definitely time to see, what is going on in Germany. Consequently, we have drawn down relevant InsurTech info from our proprietary Barkow Consulting FinTech Money Map data base.

Below We Present the Anatomy of German InsurTech in 18 Points:

1. We count a total of 25 InsurTech startups in Germany
2. 10 InsurTech startups are backed by VC
3. 4 InsurTech startups have successfully closed ≥ three funding rounds
4. > €40m Venture Capital has been invested since 2012
5. €27m VC was invested in 2015 alone
6. This is >3x 2014, but only 1% of global InsurTech VC
7. We count 23 VC funding rounds since 2012
8. We count 9 funding rounds in 2015
9. 33 VCs have invested in German InsurTech
10. … of which 3 with 2 investments each
11. … of which 8 foreign VCs
12. > 40 Angel Investors have invested in German InsurTech
13. 3 InsurTech startups raised €8m or more each
14. 2 M&A deals closed in 2015
15. startupbootcamp lured German massup into its London InsurTech acceleretor
16. 2 German InsurTech startups are crowdfunded
17. Only 3 German insurance companies have invested in FinTech so far
18. 2 foreign insurance companies have invested in German FinTech

Please click two times on below Infographic to enlarge.

 

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