German InsurTech and PropTech startup Enzo has raised a further €4m in a Seed extension round, taking its total Seed funding to €6.2m.
The round was co-led by EquityPitcher Ventures and the Start-up BW Innovation Fund, alongside MBG BW, according to Beinsure.
Silence VC also participated, as did the impact-focused angel network better ventures, with individual backing from Gloria Seibert, Martina Steiner-Samwer, Peter Krachten and Robert Levenhagen.
Enzo said the funding will be used to advance its AI-driven platform, deepen collaboration with existing insurance partners and lay the groundwork for expansion beyond its current markets.
Founded in 2021 by Sascha Wolf and Marvin Follmann, Enzo builds AI- and IoT-based systems designed to prevent water damage in buildings.
Its technology combines smart leak-detection sensors with a digital insurance layer, aiming to reduce both the financial impact of claims and the environmental cost of repairs.
“Our solution delivers dual value: economic efficiency through massive claim cost reductions, and ecological impact by preventing unnecessary repairs and CO₂ emissions,” said Sascha Wolf, co-founder and chief executive of Enzo.
“With this new funding, we’ll continue advancing our technology, expanding existing partnerships, and preparing for international rollout,” he added.
The company’s approach sets it apart from many InsurTechs that focus on claims processing or policy distribution.
Enzo instead concentrates on stopping losses before they materialise, using AI-powered sensors to detect leaks at an early stage and limit damage.
That prevention-first model is attracting attention as insurers face mounting costs from water-related claims.
Water damage remains the single most expensive loss category in residential property insurance, with annual losses in Germany alone estimated at around €5bn.
Tina Dreimann, co-founder and managing director of better ventures, said Enzo’s proposition addresses the issue with measurable outcomes on multiple fronts.
“Enzo demonstrates how technological innovation can solve a billion-euro problem – while delivering measurable environmental and economic impact,” she said.
“The team combines deep industry expertise with a strong entrepreneurial drive. These are exactly the kind of founders we look for at better ventures.”
Enzo operates under the SafeHome group, which develops AI- and IoT-based tools aimed at safer and more efficient use of drinking water in buildings.
Its “one drop” technology continuously monitors water systems and identifies faults early, helping to avoid extensive repairs and resource-intensive remediation.
According to the company, its patented sensors can be installed quickly without specialist intervention and offer significantly higher detection accuracy than conventional water meters.
Insurers using the system have reported reductions in claim costs of up to 70%.
Andrea Silberschmidt-Buhofer of EquityPitcher Ventures said the scale of the problem made Enzo’s technology particularly relevant.
“Water is one of the largest insured risks – and Enzo offers a unique technological and strategic solution to dramatically reduce the enormous volume of claims,” she said.
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