PriyaPatel
TLDR:
ELEMENT, a German InsurTech startup, has secured €50m in funding from notable entities. The company, founded in 2017, is known for its cloud-based white-label insurance products and is a leader in insurance solutions in Europe. ELEMENT’s unique blend of insurance expertise and technology sets them apart in the industry.
In their latest funding round, ELEMENT successfully raised €50m from investors including Versorgungswerk der Zahnärztekammer Berlin K.d.ö.R. and Alma Mundi. This milestone solidifies ELEMENT’s position as a trailblazer in the InsurTech sector.
Founded in 2017, ELEMENT has quickly garnered attention for its innovative white-label insurance products. With a focus on delivering fast, flexible, and reliable insurance solutions, the company operates under a cloud-based model and holds a full license to operate as a risk carrier across all EU countries.
One of the key highlights of the article is that ELEMENT’s initial fundraising goal was €100m, indicating strong investor interest in the company’s growth and potential in the digital transformation of the insurance sector.
Overall, ELEMENT’s latest funding round marks a significant milestone for the company, showcasing their innovative approach to insurance solutions and their position as a leader in the European InsurTech market.
