Xbav offers a platform solution for digitizing occupational pension schemes. The Munich-based company is receiving €25 million in new capital in its Series C financing round.
HPE Growth is leading the Series C financing round, with existing investors increasing their investments. The Munich-based company is now over 50 million euros financed. Xbav plans to use the fresh capital to further develop its platform.
Xbav CEO: “Pursuing our vision with more speed”
Currently, more than 40 life insurers and sales organizations, over 11,000 agents and more than 3,000 medium-sized companies use the Munich-based solution.
“The number of insurance companies that want to be connected to our platform is growing,”
says Martin Bockelmann, Founder and CEO of Xbav.
"With HPE Growth, we're implementing the interfaces faster and expanding our platform offering. By expanding our portfolio to include private pension plans, occupational disability insurance, and company health insurance, we're pursuing our vision of making pension provision easy for everyone with technology at a faster pace."
"Digital prevention is a major issue worldwide. It's an issue that platforms will now gain,"
explained Tim van Delden, partner of HPE Growth.
"The Xbav platform is already established and convincing across the board. It makes consulting more compelling, new business easier, and maximizes administrative costs. This benefits everyone: insurers and advisors, as well as companies and every individual."
