IBB, Picus-backed Getsurance sold to trade
Insurance technology business Getsurance, a portfolio company of Picus Capital and IBB Beteiligungsgesellschaft, has been sold to insurance business Nürnberger Versicherung.
According to a statement, Nürnberger Versicherung expects that the acquisition will expand its digital product offering.
Getsurance filed for insolvency in October 2020. Ulrich Schade of law firm Boege Rohde Luebbehuesen was appointed as provisional administrator. The sale is part of an insolvency plan, which will see the company retain its employees, according to the same statement. The company will continue to be based in Berlin and operate under its current brand.
Previous funding
In April 2017, Picus and IBB led a €2m seed round for Getsurance. Swiss bank Postfinance also participated in the round.
Company
Founded in 2016 and headquartered in Berlin, Getsurance is a digital platform that provides insurance products for health and life insurance. The company has fewer than 50 employees, according to LinkedIn.
People
Getsurance – Johannes Becher, Viktor Becher (co-founders).
Nürnberger Versicherung – Harald Rosenberger (CEO).
IBB Beteiligungsgesellschaft – Clemens Kabel (investment director).
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