PriyaPatel
TLDR:
- Feather, a German InsurTech startup, raised €6m to enhance health insurance options for expatriates in Europe.
- The funding came from investors like Keen Venture Partners, Plural, and angels from companies like GoCardless, Monzo, and N26.
German InsurTech startup Feather has successfully raised €6m to enhance health insurance options for expatriates in Europe. The funding round attracted investment from notable investors, including Keen Venture Partners, Plural, and angels from companies such as GoCardless, Monzo, and N26. Feather focuses on providing tailored insurance solutions to the over 40 million expatriates living and working in Europe, offering a range of insurance products such as health, life, pet, automotive, and personal liability insurance. With the new funding, Feather plans to accelerate its international expansion to launch in three additional countries by the end of 2024.
Feather’s innovative approach includes a recommendation tool for users to determine their insurance needs, resonating well with expats who prefer a digital-first experience. The startup’s success in Spain highlights the demand for its services, with key backers including Wise co-founder Taavet Hinrikus and Keen Venture Partners’ Abdul Afridi, who is an expat himself. Feather’s continued growth showcases the potential in addressing the specific insurance needs of expatriates in Europe.
