Swiss Re and CommerzVentures helped the digital insurer add $63m in series B funding which will be used to pursue its own insurance licence and boost European expansion.
Germany-based digital insurer GetSafe has extended its series B round to $93m with $63m from investors including reinsurance provider Swiss Re and CommerzVentures, the corporate venturing arm of financial services firm Commerzbank.
The extension also featured venture capital firm Earlybird and several family offices from Germany and Switzerland including Abacon Capital.
GetSafe provides insurance policies through a digital platform and a mobile app, replacing manual paperwork with smart bots and automation and allowing customers to file claims or change their…
