The digital "insurance factory" Neodigital is COVID-19 resilient and grows, grows, grows...

Neodigital wins Elevat3 Capital as lead investor for double-digit million capital increase

The Background The insurance market has a clear backlog demand in the digitalisation of business models and operating processes. Neodigital offers the market an Insurance-as-a-Service model with market-leading digital processes and an individually configurable insurance building block that is unrivalled in terms of modularity and performance. As an insurer, Neodigital works with a high degree of automation in day-to-day operations and maximum efficiency in claims processing. But also through digital end-to-end communication, Neodigital is a pioneer in a market that in many places is often only oriented towards new business and is therefore recommended as an alternative to pure portfolio management systems.

The Deal Neodigital Versicherung AG has successfully concluded its Series B financing round and has been able to win Elevat3 as a further well-known investor. Christian Angermayer's new growth fund is investing in the digital insurance company as lead investor within the framework of a capital increase in the double-digit million range. With Elevat3 Capital, Neodigital welcomes another renowned investor on board in addition to ALSTIN Capital.

The Partners Neodigital Versicherung AG is a digital property and casualty insurer that markets its own Neodigital products - private liability, pet owner's liability, household contents and accident - through independent sales partners. The company focuses on the consistent process digitalisation of the entire value chain and enables selected sales partners to design their own individualised insurance products via a product configurator. Supplemented by the white label option, the product can also be marketed by sales partners under their own brand through existing sales channels. Elevat3 Capital is the venture capital fund of series founder Christian Angermayer and his family office Apeiron Investment Group based in Malta. The long-term investment focus of Elevate3 Capital is primarily on innovative, dynamically growing companies in the DACH region, which operate successfully in markets such as financial services/fintech and insurance/insurTech.

The Perspective "We are very pleased to have successfully advised once again on the execution of a financing round. IEG's know-how and market understanding is closely linked to our business success and our investors could once again rely on the expertise of the IEG experts," said Stephen Voss, co-founder and board member for marketing and sales at Neodigital.

"We were enthusiastic about the business model of Neodigital AG, which has thought the subject of insurance from the ground up digitally and thus raised it to a state-of-the-art level," explains Thomas Hanke from Elevat3. "The insurance market is currently undergoing massive change and with our investment in Neodigital we are relying on a company that recognised the signs of the times early on and has consistently responded to the new challenges of the industry with digital solutions," concludes Thomas Hanke.

Stefan Heilmann, CEO of IEG - Investment Banking Group, says about the transaction: "Elevat3 Capital, the venture capital fund led by founding partners Christian Angermayer and Thomas Hanke, is participating in the Series B financing round as lead investor. With its expertise in scaling technology companies, its international network and the experience of countless successful IPOs, Elevat3 represents a very valuable complementary addition to the shareholder base of some of the most influential entrepreneurs in the insurance industry. The support of major existing investors, such as SchneiderGolling, coparion and Deutsche Rück, speaks for the enormous potential of Neodigital's Insurance Factory and its market-leading IaaS solution, which will permanently change the insurance industry”.