GetSafe secured $17M Series A funding led by Earlybird

Getsafe, a Heidelberg, Germany-based digital insurance provider announced that it raised a $17M Series A funding round.

The round was led by Earlybird, with participation from CommerzVentures and other existing investors. The money will be used to expand operations and the company's business reach internationally with the aim to sell 180,000 policies by the end of the year.

Getsafe, founded in 2014 by CEO Christian Wiens and Marius Simon, built a digital insurance business, using digital solutions and artificial intelligence to allow people to learn about, buy, and manage insurance through their smartphone.

The company provides a range of digital insurance products mainly targeting millennial customers by offering liability, renters and legal insurance – including modular add-ons for family members, bikes and drones.

Since the launch of its insurance offering at the end of 2017, the company has sold 50,000 policies last year.

Prior to this round, GetSafe raised $6M