Feather raises €6M for pan-European expat insurance platform.

July 6, 2024
1 min read



Feather raises €6M to build pan-European insurance platform for expats

TLDR:

Feather, a Berlin-based insurance provider for expats, has raised €6 million in funding to accelerate its expansion into new European markets. The round was led by Keen Venture Partners, Plural, and senior leaders from Allianz, AXA, and Bastian. Feather aims to revolutionize insurance for European expats with a digital-first approach and a modular tech platform. The company plans to launch in three more countries by the end of 2024, after already serving expats in Germany, France, and Spain.

Key Points:

  • Feather raises €6 million in funding to build a pan-European insurance platform for expats
  • The round was led by Keen Venture Partners with Plural and senior leaders from Allianz, AXA, and Bastian

Full Article:

Feather, a Berlin-based insurance provider for expats, has raised €6 million in funding. After being bootstrapped for two years, the company took its first funding in 2021. With this latest fundraise, Feather has accumulated a total of €10 million in funding.

The round was led by Keen Venture Partners with Plural and senior leaders from Allianz, AXA, and Bastian. These investors join Feather’s cap table alongside Monzo founder Tom Blomfield, GoCardless and Nested’s Matt Robinson, N26’s CTO Gino Cordt, and Oyster founder Tony Jamous.

The funding will help Feather accelerate its expansion into new European markets, creating a pan-European product that expats can take with them from country to country, making it easy to adjust their cover.

Feather was founded in 2018 by Rob Schumacher and Vincent Audoire during Entrepreneur First’s first Berlin cohort. After struggling to navigate Germany’s insurance system, the founders decided to create a bespoke platform tailored to expats’ needs.

The startup offers a purpose-built and modular full-stack tech platform, partnering with leading insurance companies to combine tech agility with established insurers’ reliability. Feather has already helped over 50,000 expats from 150 countries get insurance digitally.

Feather serves expats in Germany, France, and Spain, with plans to launch in three more countries by the end of 2024. The company’s mission is to become the trusted, digital insurance platform for expats across Europe.


Latest from Blog

Your Daily InsurTech Briefing – 2024-07-14

Let’s see what’s in the news today. Sapiens Launches New AI Powered Insurance Platform Stay ahead in the insurance industry with Sapiens Insurance Platform. Leverage digital engagement, ML, and GenAI capabilities for

Qover debuts new auto insurance in Ireland!

“`html TLDR: Qover, backed by Zurich, introduces motor insurance offering in Ireland. With the launch in Ireland, Qover is now live in ten countries in 36 months. Qover, an insurance technology company

Sapiens unveils cutting-edge AI insurance platform.

Summary of Sapiens Launches New AI Powered Insurance Platform TLDR: Sapiens Launches New AI Powered Insurance Platform Key Points: Sapiens International Corporation has launched an AI-powered, open, integrated, cloud-native platform for the

Your Daily InsurTech Briefing – 2024-07-13

Let’s see what’s in the news today. Everest bolsters leadership team to expand European footprint Everest, a global leader in insurance and reinsurance, has announced the appointments of two key leaders in

Get extra value with Plug and Play Insurance Solutions now!

TLDR: Key Points: The insurance industry is undergoing a major transformation driven by agile, technology-focused companies. Plug-and-play approach to innovation is reshaping the industry by integrating advanced technologies seamlessly into operations. This