INZMO, a Berlin-based insurtech startup, has raised €3.1 million in a seed round led by Change Ventures, aiming to enhance its full-stack insurance solution to meet the demands of a digital-savvy customer base.

Information on the Target

INZMO is a Berlin-based insurtech company that is revolutionizing the conventional insurance process. The company has successfully closed a €3.1 million seed round, led by Change Ventures, a member of EstVCA. Notably, Swiss insurance giant Helvetia, which also invested in INZMO's pre-seed round, has further increased its stake in this latest fundraising. With these funds, INZMO has raised a total of €5.2 million to further advance its innovative insurance solutions.

INZMO's mission is to streamline the insurance experience, offering a comprehensive solution that encompasses everything from policy acquisition to claims processing. Their full-stack platform allows users to manage their insurance needs instantly, effectively addressing the inefficiencies standard in the traditional insurance industry.

Industry Overview in Germany

The insurtech landscape in Germany is rapidly evolving, driven by technological advancements and changing consumer preferences. Insurers are under increasing pressure to adapt to digital transformation, as