Insureq is a digital insurance provider for companies, offering policies for liability and cyber risks, among other things. Founded in 2019, the startup primarily targets consultants, freelancers in the IT sector, and startups in the software-as-a-service and e-commerce sectors. Insureq acts as an intermediary between policyholders and major insurance companies. Its partners include Hiscox, R+V Versicherung, and ARAG. The Munich-based company was founded Startup Originally based in Berlin, with direct involvement from Rocket Internet. With the fresh capital, Insureq plans to further develop its offerings, expand its team, and attract new international partners.
Alexander Le Prince, Co-Founder & CEO of InsureQ, explains:
"With this investment, we can continue to pursue our vision of building a simple and customer-centric digital insurance solution for the self-employed and SMEs. We are working hard on further developing our products and services and are very pleased that we have now also been able to convince Nauta Capital of our innovative concept."
Nauta Capital-Partner Guillem Sague says:
"We firmly believe in the attractiveness of the SME segment, both in terms of software and financial services such as insurance. And we are convinced that Insureq's hybrid distribution approach—direct and embedded in third-party platforms—is the right model for the SME market."
How Finance Forward reports, there are also changes in the startup's management team. Luisa Müller-Wittmann, who previously served as Head of Product Development at Allianz Insurance, is coming on board, while co-founders Johannes Breulmann and Iven Schorr are leaving the management team.
