Ottonova raises 34 million euros
Ottonova raises 34 million euros
Digital private health insurer Ottonova has closed its Series F financing with an equity raise of €34 million. The current round is led by private equity investor Cadence Growth Capital (CGC). In addition, existing investors and a Munich-based family office are participating.
ottonova

Founded in 2017, the insurtech offers private health insurance. With personal consultations via chats and other digital services, it aims to promote the health of its customers. In addition to private comprehensive health insurance and supplementary health insurance, the startup’s portfolio also includes software solutions for the insurance industry.

“CGC invests in profitable growth companies. This fits the times: not growth per se as the primary goal, but more moderate, with a very strong focus on efficiency,” says Roman Rittweger, founder and CEO of Ottonova. Profitability is the new growth. The current financing round is the last one before the start-up reaches break-even, he adds.

Source: Startbase

Share this article:

APPLY TO SPONSOR

Gain access to the most senior audience of insurance executives, entrepreneurs, and investors. We offer a wide range of opportunities for you to engage with our attendees from networking to thought leadership.

Sponsorship packages provide a wide range of opportunities developed for almost any budget and are designed to help achieve your branding, networking, and/or thought leadership goals.