Baobab Insurance (Series A)
Funding Details
- Awarder
- Inbox
- Date Award
- June 04, 2025
- Vertical
- InsurTech
- Funding URL
- View Funding Page
- Funding Amount:
- $12,000,000
Company Info
- Founding Year
- 2021
- Traction
- Baobab Insurance has prevented losses amounting to over €10 million in the last three years and plans to expand into other European countries.
- Organizations Involved
- Allianz SE, Zurich, ERGO, Liberty Specialty Markets, Tokio Marine Kiln, Talbot, Argenta
- Founders
- Vincenz Klemm
- Company Description
- Baobab Insurance is Germany’s first integrated cyber insurance provider and risk mitigation provider, operating as a Managing General Agent for digital risks. Its product portfolio includes cyber insurance, an e-crime insurance product, and an IT liability policy for IT, software, technology, and telecommunications companies in Germany and Austria.
- Market
- Cybersecurity Insurance
- Location
- Berlin, Germany
- Coinvestors
- Viola FinTech, eCapital, Augmentum Fintech, Project A Ventures