Baobab Insurance, a Berlin, Germany-based cybersecurity insurance coverage startup, raised €12m in Sequence A funding.
The spherical was led by Viola FinTech and eCapital with participation from present traders Augmentum Fintech and Mission A Ventures, and Baobab’s advisory board member Christof Mascher.
The corporate intends to make use of the funds to increase operations, and its enterprise attain throughout Germany and Austria, with extra nations to come back, and additional lengthen its product vary for business prospects.
Led by Vincenz Klemm CEO, and Anton Foth, Baobab Insurance coverage is a cyber insurance coverage startup that allows corporations cowl them from rising digital dangers. Its portfolio consists of cyber insurance coverage, an e-crime insurance coverage product and an IT legal responsibility coverage for IT, software program, know-how, and TLC corporations. The corporate additionally offers phishing simulations and consciousness coaching options.
FinSMEs
06/06/2025
