Rakuten and existing investor Allianz have contributed to a round of undisclosed size that lifted the e-commerce insurance company's total funding to more than $32m.
Germany-based insurance technology provider Simplesurance has raised funding from investors including e-commerce firm Rakuten and insurance group Allianz, taking its total funding to more than €30m ($32.3m).
Venture capital providers Rheingau Founders and Route 66 Ventures also participated in the round, Rakuten investing through the $100m fintech fund it launched in 2015. Simplesurance plans to raise additional funding before the end of 2017.
Simplesurance did not reveal the amount secured in the round, but the company had disclosed $11.5m of…
