GetSafe adds strategic investment from Swiss Re in a $30 million capital round.

GetSafe, a Heidelberg, Germany-based company providing digital insurance services and products, announced that it completed a capital financing round, as it added Swiss Re as strategic investor in the company.

The round totals $30 million and was led by Swiss Re's digital B2B2C provider of bespoke insurance solutions, IptiQ, with existing investors Earlybird, CommerzVentures, btov Partners and Capnamic Ventures also participated in the funding.

The company claims that it intends to extend its funding with a second tranche to be closed ahead of the receipt of its own insurance license, scheduled for the first half of 2021.

GetSafe, founded in 2014 by CEO Christian Wiens and Marius Blaesing, started as an insurance broker as it was aggregating and selling insurance products from 130 insurance carriers via a mobile app. Since then it has become a full digital insurance provider, targeting the young category of customers interested to manage their insurance products.

Prior to this announcement, GetSafe raised almost $25 million, last round of $17M in 2019.