Rostock-based insurtech hepster closes €10 million Series B to pave the way to profitability
Summary
Despite a challenging fundraising environment, thanks to its continuous growth and the expansion of its market positioning, hepster was able to successfully close another financing round with existing and new investors. Christian Range, CEO and Co-Founder of hepster, said on the financing round: “We are delighted with the unreserved trust of our existing and new investors, but also the trust of our entire team, which has delivered an outstanding performance over the last seven years.” According to the company, investors were attracted to the very positive development of all key performance metrics, its innovative approach of platform extensions and its strong momentum in securing compelling B2B partnerships, especially in the high-growth areas of mobility and the circular economy. Most recently, hepster secured new, significant enterprise partnerships, further cementing its position as one of the leading embedded insurtechs in Europe. Antony Baker of Claret Capital Partners added: “We, as adviser to the fund, are delighted to have backed hepster alongside the other investors. hepster offers an API-driven ecosystem that enables companies from all industries to seamlessly integrate needs-based customised insurance into their digital customer journeys.