German insurtech startup INZMO raises just over €3 million

INZMO tech.eu
annelise@tech.eu

Berlin-based insurtech startup INZMO has closed a €3.1 million seed round led by Change Ventures. Swiss insurance company Helvetia, an existing backer from the pre-seed round in 2018, also participated.

Founded in 2015, INZMO is an end-to-end digital insurance platform. Users can buy or change policies and submit claims via the smartphone app. Meanwhile the software doubles as a back-office solution for insurers.

The German insurtech startup plans to be the country’s first to launch a fully digital rental deposit guarantee service, targeting the lucrative rental market. Rather than pay a hefty deposit upfront, INZMO customers will pay an affordable monthly fee starting from €3.50. Backed by Société Générale, the product will roll out soon for new and existing rental contracts.

Beyond such household insurance products, the fresh funding, which brings the total amount raised to €5.2 million, will be used to double the team and focus on new business.

Photo by Jake Farra: INZMO co-founders Meeri Rebane and Risto Klausen

Share this:
Share on linkedin
Share on facebook
Share on twitter

Get exclusive access to news, data and actionable insights on the European Tech innovation ecosystem(s)

By subscribing to Tech.eu, you gain instant access to curated European technology news, market intelligence and interviews with leading startup founders, investors and more. Sign up now in under a minute to deepen your knowledge on the European Tech innovation ecosystems on a daily basis.