The Series D round was led by Goldman Sachs Asset Management, with participation from existing investors HPE Growth and Cinco Capital. The expanded financing round is now led by the French private equity firm Infravia Growth, with participation from Tempocap, Reimann Investors, Xempus Management, and other insurance experts and family offices.
Alban Wyniecki, founding partner at Infravia Growth, says:
"We are very much looking forward to working with the Xempus team. The global pension gap now stands at $400 billion. Platforms like Xempus can make a decisive contribution to closing this gap by digitizing the distribution of occupational pension plans, thereby achieving better results for both end customers and brokers and insurers."
Xempus on the way to becoming “Europe’s leading platform for occupational pensions”
Xempus CEO Tobias Wann comments on the expansion of the investor base:
"We are delighted to welcome Infravia on board as an investor. We can benefit from their deep insurance and software expertise and thus continue our consistent path to building Europe's leading platform for occupational pensions."
And Malte Dummel, COO & CFO Xempus, adds:
"Given the generally volatile market conditions, the expansion of our Series D financing round once again underscores the attractiveness of our business model. It demonstrates our clear focus on execution and demonstrates the strength of our value proposition to insurers, brokers, and end customers."
With the capital from the Series D, Xempus intends to further expand its market position in Germany. the startup integrate new product categories, such as corporate health insurance, onto its platform. Furthermore, the company plans to establish its own software-as-a-service solutions in other European countries.
