Ottonova raises €10 million to bring digital insurance to Generation Y

Munich-based insurtech startup Ottonova has raised €10 million from Debeka, Germany’s largest private health insurance provider. In return Debeka is receiving slightly more than 10 percent of the shares in the startup. The capital comes just after the startup raised €15 million in March from several investors, including Vorwerk Ventures and Tengelmann Ventures.

Digital investment manager Scalable Capital raises €30 million

Munich and London-based financial robo-advisor Scalable Capital has raised €30 million in financing. The round was led by BlackRock along with existing investors HV Holtzbrinck Ventures and Tengelmann Ventures. As part of the deal, Patrick Olson, BlackRock’s Chief Operating Officer of EMEA, will join Scalable Capital’s board.

German patent search database Octimine raises seven-digit-sum

Munich-based Octimine Technologies, which collects patent information and stores it in a searchable database, has raised a seven-digit sum. The investment comes from the VC Bayern Kapital as well as business angels. Founded in 2015, the startup had previously raised a six-digit seed round.