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July 17, 2023

Hepster raises €10M to drive growth and profitability

German-firm Hepster secures funding to accelerate expansion into new markets, driving profitability and sustainable growth

German embedded insurtech startup hepster has secured an impressive €10 million in a Series B funding round, solidifying its position as a disruptive force in the insurance industry. With its powerful API, hepster empowers companies to seamlessly integrate personalized and tailored insurance solutions into their offerings across various sectors, including mobility, electronics, equipment, travel, pet, and accident insurance. This recent funding round marks a significant milestone for hepster and paves the way for its continued expansion into new markets, positioning the company for sustainable growth and profitability.

In a world where personalization and convenience reign supreme, hepster is revolutionizing the insurance landscape by enabling businesses to provide their customers with bespoke insurance solutions. Through its innovative API, hepster empowers companies to effortlessly integrate needs-based insurance into their existing products and services, effectively catering to the specific needs and preferences of their clientele.

The €10 million secured in the Series B funding round represents a resounding vote of confidence in hepster's disruptive approach and its potential to reshape the insurance industry. The funding comes from a mix of equity and debt financing, and prominent investors such as Element Ventures, Seventure Partners, and Claret Capital Partners (Fund III1) have joined forces to support hepster's vision.

With its headquarters located in Rostock, Germany, hepster has already made significant strides in the market, and its operations have expanded beyond borders, reaching Austria and France. The latest funding injection will accelerate hepster's ambitious plans for further market expansion, enabling the company to bring its innovative insurance solutions to new territories and solidify its position as a global leader in embedded insurance technology.

Hepster's successful Series B funding round of €10 million underscores the company's unwavering commitment to revolutionizing the insurance landscape. By offering a seamless integration of customized insurance solutions through its API, hepster empowers businesses to enhance their product offerings and cater to the unique needs of their customers. With this latest funding, hepster is poised to continue its expansion into new markets, while driving towards sustainable growth and profitability. As the insurtech landscape evolves, hepster remains at the forefront, championing innovation and transforming the way insurance is integrated into various industries.

Neil Hodgson-Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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