Degura, a Berlin, Germany-based fintech SaaS platform transforming pension plan solutions, secured €2.2 million in a seed funding round led by Swiss VC firm btov Partners.
In addition, prominent angel investors joined the round, including Dr. Patrick Dahmen, (former AXA and HDI Executive) and Dr. Gerhard Cromme, as well as logistics platform founders David Nothacker, Nicolaus Schefenacker, and Julius Köhler (sennder).
The funds will be used to expand its core team and further upscale its digital services.
“The process of setting up and managing Company Pensions is painstakingly complex and not geared toward the end customer at all. At a time when it is obvious that state pensions alone will not provide adequate for retirement – neither in Germany nor in the rest of Europe, we see an imminent need to help employees plan their financial future. That’s why we have built our product with the end customer in mind, helping ensure that citizens across Europe have access to company pension schemes as easily as possible. We’re beyond gratified to have such renowned investors on board to help us build the leading digital Company Pension platform in Europe,” says Christian Witte, CEO of Degura GmbH.
The European fintech company makes company pension plans simple and transparent. Degura's cloud-based software solution simplifies the discovery, offering, and management of employer pension plans (bAV).
Degura also offers its customers a wide range of consultation services regarding company pension plans in general.
Company: Degura GmbH
Raised: €2.2M
Round: Seed Round
Funding Month: February 2023
Lead Investors: btov Partners
Additional Investors: Dr. Patrick Dahmen, Dr. Gerhard Cromme, David Nothacker, Nicolaus Schefenacker, and Julius Köhler
Company Website: https://www.degura.de/
Software Category: Company Pension Plan Management
About the Company: Founded in 2018 by Stephan Hille, Christian Witte, and Jannik Schmid, Degura offers a digital B2B / B2C portal solution for managing company pension plans (bAV). The company helps businesses and their employees easily access and manage their company pensions (bAV) for enhanced financial and social prosperity. Degura connects employees, employers, and insurance companies through its portal without the use of a traditional broker, and the company believes its solution can save HR departments up to 80% of the time they would normally spend offering and managing company pensions. Currently, the company works with over 120 companies, including Amorelie, Dental21, Adjust, McMakler, Contipark, and apetito. More than 15,000 employees are serviced through their digital pension cloud.
Source: https://techfundingnews.com/this-german-saas-raises-e2-2m-to-help-companies-manage-pension-plans-as-easily-as-shopping-online/