Noerr advises insurtech company Getsafe on €15m series A financing
Noerr has advised Getsafe in a series A financing round. Earlybird is joining the Heidelberg insurtech company as a new investor.
Led by Earlybird, Getsafe raised a total of €15 million. The financing round also involved CommerzVentures and other current investors. Getsafe will use the new funds for the expansion to the UK which is planned to take place by the end of this year and to double the size of its team. The company also plans to be active on further European markets by 2021. Additional funds are intended to be raised for this during the next 12 months.
Getsafe has its own AI-based infrastructure and specialises in offering insurance which can be taken out via smartphone. Since its market entry in 2017, the insurtech company has sold 65,000 policies and is now number one on the German market.
Advisors to Getsafe GmbH: Noerr LLP
Dominik Rompza, Felix Blobel (joint team lead, both Private Equity, Berlin), Peter Stauber (Antitrust, Berlin), Michael Tommaso (Tax, Berlin), Associates: Christian Burmeister (Corporate, Berlin), Mario Merget (Employment, Berlin), Lucie Rohr, Tanja Pflugradt (both Private Equity, Berlin), Robert Marx (Private Equity, Berlin), Stefanie Heinemann (Private Equity, Berlin)