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Announced

Completed

Swiss Re led a $30m Series B round in Getsafe.

Financials

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Transaction Value£22m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Minority

Completed

insurtech

Friendly

Germany

insurance services

mobile insurance

Digital Services

Private

Private Equity

Venture Capital

Cross Border

Single Bidder

Synopsis

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Swiss Re, an insurance services provider, led a $30m Series B round in Getsafe, an insuretech company. Additional investors include Earlybird, CommerzVentures, btov Partners and Capnamic Ventures. “We are thrilled to have iptiQ as our new lead investor and partner. Together with them and our existing investors, we want to build on our position as the leading insurer for a new generation of customers. The latest funding will allow us to significantly accelerate our growth, to consolidate our position as market leader among millennials in Germany and to expand into other European markets,” Christian Wiens, Getsafe Founder and CEO.

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