Getsafe has secured $63.0 million in new funding from investors. The company empowers people to take control of their futures by making informed life decisions and protecting what matters most to them. Getsafe challenges the traditional insurance industry with its unique technological platform, driven by the vision of delivering fair, accessible, and tailor-made insurance solutions – all in one app.
Expanding beyond conventional insurance models, Getsafe’s portfolio includes property and casualty insurance, as well as life and health coverage, all on one connected platform. The company reduces complexity and paperwork with smart assistants, offering features like family accounts, instant claims, AI-based advisory tools, and experts on demand. This approach enables customers to proactively manage their risks and protect their assets and health.
This latest capital infusion underscores investor confidence in Getsafe's growth trajectory and its innovative approach to the insurance sector. Having received its insurance license from Germany’s financial regulator, BaFin, in 2021, Getsafe has rapidly grown to insure more than half a million customers, establishing itself as a leading insurance brand among Gen Z and Millennials. The company plans to use the funds to fuel continued growth initiatives, including further development of its technological platform and expansion of its market presence.
With this new round, Getsafe's total venture capital funding now stands at €120 million, supported by leading investors. The company remains focused on its ambition to become Europe’s next-generation insurer, continuing to innovate and expand its offerings to meet evolving customer needs.
