ottonova is a technology company.
ottonova has raised $127.0M across 4 funding rounds.
ottonova has raised $127.0M in total across 4 funding rounds.
ottonova is a digital health insurance company based in Munich, Germany, that offers private comprehensive and supplementary health insurance products, including dental and hospital coverage. It serves individuals such as employees, self-employed, and students, as well as companies seeking employee benefits. The company focuses on simplifying and digitizing health insurance management, providing a fully digital experience with fast reimbursements and telehealth services. ottonova aims to make health insurance transparent and user-friendly, combining technology with a human touch. As of 2025, it has around 150 employees and generates approximately $9 million in revenue, with significant growth momentum driven by customer acquisition despite ongoing investment losses to fuel expansion[1][2][3][4][5].
Founded in 2015 in Munich, ottonova was created to address the complexity and opacity of traditional health insurance in Germany. The founders, with backgrounds in insurance and technology, envisioned a fully digital private health insurer that could offer fair plans and superior customer experience through innovation. Early traction came from offering transparent, comprehensive insurance tariffs that avoided the pitfalls of "cheap" private insurance plans with hidden limitations. This clear value proposition helped ottonova quickly grow its customer base and establish itself as a pioneer in digital health insurance in Germany[1][2][6].
ottonova rides the wave of digital transformation in insurance (InsurTech), leveraging technology to disrupt a traditionally paper-heavy, complex industry. The timing is favorable due to increasing consumer demand for digital services, rising healthcare costs, and regulatory environments encouraging innovation in health insurance. By digitizing health insurance, ottonova contributes to broader trends of personalized, transparent, and customer-friendly financial services. Its success pressures incumbents to modernize and accelerates the adoption of telehealth and digital health management tools in Germany's healthcare ecosystem[1][2][4].
Looking ahead, ottonova is poised to deepen its market penetration in Germany and potentially expand its digital health insurance model further. Trends such as telemedicine, AI-driven health management, and integrated digital ecosystems will shape its evolution. Continued investment in technology and customer experience will be critical to maintaining its competitive edge. As digital health insurance gains wider acceptance, ottonova’s influence could grow, pushing the entire German insurance sector toward more transparent, efficient, and user-friendly solutions[1][2][4].
ottonova has raised $127.0M in total across 4 funding rounds.
ottonova's investors include HV Capital, Ischyros New York.
ottonova has raised $127.0M across 4 funding rounds. Most recently, it raised $34.0M Series F in September 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2022 | $34.0M Series F | HV Capital, Ischyros New York | |
| Nov 1, 2019 | $66.0M Series D | HV Capital, Ischyros New York | |
| Jun 1, 2017 | $11.0M Series C | HV Capital, Ischyros New York | |
| Mar 1, 2017 | $16.0M Series B | HV Capital, Ischyros New York |