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.
Read more: Deutsche Startups