Earlybird et al. in €15m series-A for Getsafe

CommerzVentures, Capnamic, B-to-v, Partech and HW Capital also participated in the round.

Earlybird is currently investing from its Earlybird Digital West Fund VI, which closed on €175m in July 2018. It provides investments of €500,000-15m for European software and technology businesses planning for global expansion, with the majority of its capital invested in German companies.

The fresh capital will be used to prepare for the company’s European expansion and grow its team. Getsafe plans to enter the UK market by the end of 2019 and will enter other markets in 2020.

The company is planning to raise €50m for its series-B round, possibly in several tranches over the next 12 months, according to Unquote sister publication Mergermarket.

Previous funding
A consortium consisting of Rocket Internet, Global Founders Capital, Saarbruecker and business angels Henrich Blase and Oliver Roskopf invested $790,000 in Getsafe in April 2015.

In November 2015, B-to-v, Acton Capital Partners and CommerzVentures led a $5.1m funding round for the company. Existing investors Rocket Internet and Global Founders Capital and new investors Capnamic Ventures, Partech, Iris Capital, HW Capital, Econa and Rouven Dresselhaus also participated.

Company
Getsafe offers a range of digital insurance products that users can buy through an app. In 2017, the company launched its insurance offering, which includes liability, renters and legal insurance and modular add-ons for family members, bikes and drones. Founded in 2015 and based in Heidelberg, Getsafe employs 50 people.

People
Earlybird Capital Partners – Christian Nagel (partner).
Getsafe – Christian Wiens (co-founder, CEO).

Advisers
Company – Senahill Parters (corporate finance).

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• Topics
• Expansion
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