German insurtech ELEMENT secures € 21.4 million in latest round
Summary
The mark of 200,000 customers was exceeded as well and more than 50 partners distribute ELEMENT products, including three DAX 40 companies. With its partners and 140 employees, ELEMENT is now acting as a risk carrier in several EU countries and continues to expand its position as a leading pan-European provider of fast, efficient, and reliable end-to-end insurance solutions. With products such as Cloud Failure Insurance, Real Estate Purchase Guarantee and All-Risk Cover, ELEMENT demonstrates its innovative strength. ELEMENT will use the newly gained funds to expand its market position and integrate new product categories into its portfolio. "We invested at an early stage of the companys development and see ELEMENTs growth and innovation as a confirmation of their commitment to set standards in the industry, both on the product side and in their ESG efforts," explains VZB Director Ralf Wohltmann.
Funding
Review available funding amount, funding date, investors, and linked company information related to German insurtech ELEMENT secures € 21.4 million in latest round in the interactive ISVWorld profile.
Classifications
AskAI Classifications
LabelsLinked Companies
