insureQ raises €5 million

Munich-based insurance for self-employed and small businesses insureQ has raised €5 million in a seed round led by Nauta Capital, with Flash Ventures and Global Founders Capital as participants.

“We are strong believers in the attractiveness of the SME segment, both in software and in financial services such as insurance. We think insureQ’s hybrid distribution approach, direct and embedded in third-party platforms, is the right model for the SME market.” – Nauta Capital partner Guillem Sague.

Founded in 2019, insureQ is specifically targeted at the traditionally underserved self-employed and SME market. insureQ inserts themselves as the middleman, i.e. an insurance agent and partners with insurers including Hiscox, R + V Versicherung, and ARAG. The company offers the self-employed and SME’s a wide range of products including general liability, financial loss due to cyber risks, and business disruption cover. Additionally, insureQ also offers its services to self-employed workers of B2B marketplaces including Hallo Marta, Moss and Packator, via API integrations.

“With the investment, we can continue to pursue our vision to build a simple and customer-centric digital insurance solution for the self-employed and SMEs. We are working intensively on the further development of our products and services and are very pleased that we have now also been able to convince Nauta Capital of our innovative concept.” – Le Prince.