VC firms back $24m series-C for Simplesurance

The round was led by corporate venturing arm Allianz X, with participation from Rheingau Founders and Rakuten Capital.
Mountain Partners, German Startups Group and Route 66 Ventures have previously invested in the company.

The fresh capital will be used for international expansion, starting with Japan, and product development, starting with the Cyber Protection service.

Previous funding
In August 2012, Rheingau, Mountain Partners and German Startups Group invested €2.5m in Simplesurance (then known as Schutzclick). A year later, KfW injected further capital at an undisclosed valuation.

Route 66 Ventures invested $8m in the company's series-B in March 2015, alongside Rheingau, which committed at least $1m.

Allianz first invested in the company in March 2017 in a €12m round alongside Rheingau and Route 66.

Company
Founded in May 2012, Simplesurance develops an online platform that provides insurance for smartphones, laptops, cameras and tablets. It works with insurance companies to offer specific insurance deals to customers. The company is based in Berlin and operates in 28 European markets, as well as in North America through a partnership with service provider Assurant.

People
Simplesurance – Robin von Hein (founder).

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