Neodigital wins Elevat3 Capital as lead investor for double-digit million capital increase - IEG as exclusive financial advisor to Neodigital and its shareholders
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. Market participants can use Neodigital to quickly and easily develop and manage their own completely digitalised insurance products and bring them to market immediately. In order not to lose the connection in an increasingly digitalised market, it is becoming apparent that the insurance industry in Germany will have to rely even more on digital as-a-service solutions in the future. The venture capital fund of Christian Angermayer, Elevat3 Capital, has therefore invested in the future model Neodigital.
"We are very pleased about the renewed successful advice in the execution of a financing round. IEG's know-how and understanding of the market is closely linked to our business success and our investors were once again able to rely on the expertise of IEG's 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 at IEG – Investment Banking Group, states 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”.
The founding investors coparion and the SchneiderGolling-Gruppe also increased their shares in Neodigital in the course of the financing round. In addition, Deutsche Rück, A.C.H. Wertschutz (Family Office of Susanne Princess of Hessen) and another private individual participated in the financing round.
IEG – Investment Banking Group has acted as exclusive financial advisor to Neodigital and its shareholders.
About IEG – Investment Banking Group
IEG – Investment Banking Group is one of the leading, global independent investment banking boutiques focused on Mergers & Acquisitions, Financings & Principal Investments for the Internet and Technology sector. Locally present in the key international growth regions and/or emerging markets, IEG – Investment Banking Group is a unique, influential and trusted partner for growth companies and larger, international corporates. Founded in 1999, IEG has completed over 180 successful transactions to date with approximately 80 technology investment bankers. For further information about IEG – Investment Banking Group, please refer to: www.ieg-banking.com.
About Neodigital
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. Neodigital Versicherung AG was founded in December 2016 and is based in Neunkirchen. The company is licensed by the Federal Financial Supervisory Authority (BaFin) to operate as a property and casualty insurer in Germany. In addition to the founders, Dirk Wittling and Stephen Voss, the company was able to attract very financially strong and industry-specific investors, including SchneiderGolling & Cie Beteiligungsgesellschaft mbH, coparion GmbH & Co. KG and Carsten Maschmeyers Alstin Capital. For further information about Neodigital, please refer to: www.neodigital.de.
About Elevat3 Capital
Apeiron SICAV Limited - elevat3 Capital Fund ONE (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. For further information about Elevat3 Capital, please refer to: www.elevat3.vc.