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

shaheen@tech.eu

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.

Ottonova's vision is to provide purely digital, private health insurance for young high-income earners. With an app, customers can complete contracts with only a few clicks. The startup is basing its model on Oscar, an insurtech startup from New York City.

Read more: Gruenderszene (German)

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.