tech11 in a funding deal backed by TA Associates.

tech11, a Würzburg, Germany-based insurance company via a digital platform for policy and claims management, announced completing a growth equity funding round.

Financial details were not disclosed. The money was raised from American investors TA Associates. The deal will create a leading software provider in the health and P&C markets in Europe, leveraging the complementary expertise and resources of tech11 and Adcubum, another firm in which TA has invested in.

tech11, founded in 2018 by Pierre Dubosq and Matthias Reining, developed a cloud-based insurance software suite for P&C insurers, available via a cloud-based SaaS subscription or deployed on-premises.The technology platform supports all necessary core insurance processes in property insurance, including solutions for front & back office management, automated processing, document management, claims management, policy management, B2C sales & distribution, analytics, etc. The company has over 50 employees and also has a branch office in Cologne.

tech11 previously raised seed financing from High-Tech Gründerfonds in the spring of 2021.