Hepster raises €10 million

German insurance startup Hepster is announcing €10 million in equity and debt. Investors include Element Ventures, Seventure Partners, and Claret Capital Partners.

Founded in 2016, Hepster wants to become the leading embedded insurance player in Europe. It claims to have worked with over 2,500 partners, developing 500 different insurance products.

Hepster also has a D2C proposition, offering bike and gadget insurance among other things.

The startup, which is active in Germany, Austria, and France, says it served over 250k customers since launching.