Xempus AG, a Munich, Germany-based leading European SaaS platform to sell and manage pension & life insurance policies, raised $70 million in primary equity funding on its mission to digitize pensions for insurers, agents, corporates, and employees. This brings the total funding to date to $125 million.
The Series D financing round is led by Goldman Sachs Asset Management, a leading global growth equity investor in B2B SaaS businesses with particular strength in insurtech.
Existing investors, led by HPE Growth and Cinco Capital, participated in the round in substantial size as well.
Xempus intends to use the proceeds to:
– Broaden its market-leading policy sale and management offering in Germany;
– Add new product verticals to the platform, such as corporate health insurance;
– Roll out the Xempus platform in additional European countries.
Company: Xempus AG
Raised: $70.0M
Round: Series D
Funding Month: March 2022
Lead Investors: Goldman Sachs Asset Management
Additional Investors: HPE Growth and Cinco Capital
Company Website: https://www.xempus.com/
Software Category: Insurance platform
About the Company: Xempus is an independent platform that bundles company pension offers from leading insurance companies and makes them available to agents, employers and employees fully digitally for the first time. In Germany, Xempus is the leader in its field with more than 100,000 new policies sold via its platform per year, connecting 18,000 insurance agents, 60,000 corporates, and the leading life insurers. They benefit from seamless information flows, user-friendly customer journeys, as well as connectivity to all relevant stakeholders on a single software-as-a-service platform. Xempus works with 170 colleagues at the Munich, Berlin, and Saarbrücken locations.
Source: https://insurance-edge.net/2022/03/10/germany-xempus-ag-raises-70m-in-series-d-round/