Getsafe is a technology company.
Getsafe has raised $115.8M across 5 funding rounds.
Getsafe has raised $115.8M in total across 5 funding rounds.
Getsafe has raised $115.8M in total across 5 funding rounds.
Getsafe's investors include Earlybird Venture Capital, Phenomen Ventures, Team Global, Oliver Jung, 83North, Capnamic Ventures, Episode 1 Ventures, Iris Capital, Kompas VC, P101, Acton Capital Partners, Ambridge Capital.
Getsafe is a German insurtech company that builds a fully digital insurance platform accessible via a smartphone app, offering products like property & casualty, life, health, liability, contents, legal, car, dental, pet, and drone insurance.[1][2][3][4] It serves digital natives, primarily Gen Z and Millennials in their mid-to-late twenties, across Germany, Austria, France, and the UK, solving the problem of complex, paperwork-heavy traditional insurance by enabling instant policy management, claims, and risk prevention through automation, AI tools, and features like family accounts.[1][2][3] With over 500,000 customers, €120 million in venture funding, and a path to group-level breakeven by 2025 via high app engagement (one-third monthly users) and organic growth, Getsafe has shifted from mid-eight-figure losses in 2022 to low seven-figure losses in 2024, driven by premium income growth and automation.[1][2]
Getsafe was founded by Christian Wiens, who leads as CEO, emerging from the demand for digital insurance experiences amid the smartphone revolution.[1][2] The idea stemmed from recognizing that new generations wanted streamlined services without brokers or paperwork; Wiens acted on this by digitizing the entire insurance process into a top-rated app, starting with home contents insurance in Germany.[2][3] Key traction came in 2021 with a BaFin insurance license, enabling full operations, followed by rapid expansion: Series B funding of $93 million (total >$115-120 million from VCs and angels), customer growth from 250,000 in 2021 to 400,000 by early 2023 and over 500,000 today, and market entries into Austria, UK, and France.[1][2][3]
Getsafe stands out in insurtech through these key strengths:
Getsafe rides the insurtech wave disrupting Europe's legacy insurance giants with digital transformation, capitalizing on rising demand for mobile-first financial services amid smartphone ubiquity and post-pandemic digital acceleration.[2][3] Timing aligns with regulatory shifts (e.g., BaFin license enabling scalability) and market gaps in crowded sectors like French home insurance, where it competes with Luko while leveraging direct distribution for faster launches.[3] Favorable forces include millennial/Gen Z preferences for app-based everything, automation reducing costs, and VC backing (€120M) fueling expansion; it influences the ecosystem by proving neo-insurers can achieve profitability through tech, challenging incumbents and inspiring prevention-focused models.[1][3]
Getsafe is poised for accelerated profitable growth as Europe's neo-insurer leader, expanding life/health offerings, more products in France/UK, and prevention tech to boost retention.[1][3] Trends like AI-driven personalization and regulatory openness will shape its path, potentially growing customers beyond 500,000 amid insurtech consolidation (e.g., vs. Luko). Its influence may evolve by setting standards for digital insurance, turning Getsafe from a startup disruptor into a scalable platform rewarding proactive risk management—solidifying its mission to reinvent insurance at users' fingertips.[1][2]
Getsafe has raised $115.8M across 5 funding rounds. Most recently, it raised $63.0M Series B in October 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2021 | $63.0M Series B | Earlybird Venture Capital, Phenomen Ventures, Team Global, Oliver Jung | |
| Dec 1, 2020 | $30.0M Series B | 83North, Capnamic Ventures, Earlybird Venture Capital, Episode 1 Ventures, Iris Capital, Kompas VC, P101, Phenomen Ventures, Team Global, Oliver Jung | |
| Jun 1, 2019 | $17.0M Series A | Earlybird Venture Capital, Phenomen Ventures, Team Global, Oliver Jung | |
| Nov 1, 2015 | $5.0M Seed | 83North, Acton Capital Partners, Ambridge Capital, Capnamic Ventures, Cavalry Ventures, Episode 1 Ventures, Iris Capital, Kompas VC, Nordic Eye, Obvious Ventures, P101, The Hit Forge, Badr Al-Rumaih, Greg Kidd, Martin Ott, Saad AlSogair, Wayne Chang | |
| Mar 1, 2015 | $790K Seed |