ELEMENT, a trailblazing InsurTech startup based in Germany, has successfully closed a funding round, securing €50m.
The investment comes from notable entities including Versorgungswerk der Zahnärztekammer Berlin K.d.ö.R. and Alma Mundi, marking a significant milestone for the company, according to a report from Coverager.
Founded just a few years ago in 2017, ELEMENT has quickly distinguished itself in the InsurTech arena. Operating under a cloud-based model, the company has earned a reputation for its innovative white-label insurance products.
ELEMENT stands as the forefront provider of insurance solutions in Europe, seamlessly catering to our partners’ needs. Our core mission revolves around delivering insurance solutions that are not only the fastest and most flexible but also unfailingly reliable and efficient, covering the entire B2B2X value chain.
With a full license to function as a risk carrier across all EU countries, ELEMENT brings to the table white-label insurance products underpinned by a completely digital and efficient infrastructure. Our unique blend of insurance know-how and technological prowess positions us as trailblazers in the digital transformation of the insurance sector.
Interestingly, a Handelsblatt report highlighted that ELEMENT’s initial fundraising goal was €100m.
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
