CommerzVentures et al. invest in GetSafe

The company was also backed by Capnamic Ventures, Iris Capital and Partech Ventures. Existing investors Rocket Internet and HW Capital injected additional capital.

The total value of the round was undisclosed but the company stated it had secured between €5-9m.

The fresh capital will be used to expand GetSafe's business and to further develop the company's technology. An expansion into other international markets is planned for 2016.

CommerzVentures is the corporate venture capital fund of Commerzbank Group. It backs early- and growth-stage companies in the financial services and insurance sectors, starting at series-A. The initial investment size ranges from €2-10m. Europe, Israel and the US are its primary areas of investment.

Venture investor b-to-v aims to invest €200,000-10m per company. Its sector focus includes internet-related tech companies as well as medtech and cleantech.

Previous funding
Rocket Internet and the founders of Check24 invested in GetSafe in early 2015.

Company
Founded in 2013 and based in Heidelberg, GetSafe is a digital insurance manager available on smartphones. Customers can use the app to manage their existing insurance policies and report claims directly to their insurer.

People
Christian Wiens is CEO and co-founder of GetSafe. Jochen Gutbrod is executive chairman of b-to-v. Patrick Meisberger is managing director of CommerzVentures.

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