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Investment

German digital health insurer Ottonova raises €15 million

Ottonova, Germany's first online insurance provider, has received an investment of €15 million from Holtzbrinck Ventures, Vorwerk Ventures, Tengelmann Ventures, b-to-v and STS Ventures, reports Deutsche Startups. Tengelmann Ventures contributed €4 million in the insurtech company.

Shaheen Samavati 27 March 2017

Ottonova, Germany's first online insurance provider, has received an investment of €15 million from Holtzbrinck Ventures, Vorwerk Ventures, Tengelmann Ventures, b-to-v and STS Ventures, reports Deutsche Startups. Tengelmann Ventures contributed €4 million to the amount.

The digital health insurer plans to launch in June.

"Ottonova will be no less than the first German digital health insurer - which is a real innovation in the insurtech sector," says the company's website.

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