By Charlie Innis (October 7, 2021, 3:26 PM EDT) -- GetSafe, an insurance technology company based in Germany, said Thursday it is expanding its Series B funding round to $93 million after grabbing an additional $63 million from investors.
The Heidelberg-based company, which offers a smartphone app for people to buy and manage insurance policies, said it will use the extra money to fund its own insurance license by the end of the year and expand in Europe.
GetSafe targets millennials for its customer base, the company said, and now has over a quarter-million customers in Germany and the United Kingdom.
"The insurance brands we know today have been founded in...
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