German insurtech startups received a total of $74 million in investments last year. An infographic shows that two-thirds of the investment volume went to a Munich-based company.
With 40 million euros, about 50 million US dollars, a Munich-based startup secured the lion's share of the total investment: The digital health insurer Ottonova convinced Holtzbrinck Ventures, Vorwerk Ventures, Tengelmann Ventures, b-to-v and STS Ventures, among others, to invest money in the young company.
Financing activity has become calmer overall in 2017: Compared to 2016, the investment volume in Insurtechs fell by around ten percent, from 82 million to 74 million US dollars.
Infographic shows Insurtech facts
The figures were compiled by the Munich-based fintech startup Finanzchef24. The company presents the results of its analysis in Germany, the United Kingdom, and the United States in a graphic:
