Cybersecurity Startup Baobab Insurance Secures €12M in Series A Funding
Frankfurt's Fintech Scene Boosted
Investment of 12 million euros granted to digital insurance provider, Baobab.
Digital risk insurer Baobab Insurance, based in Frankfurt, just raised a whopping €12 million in a Series A financing round. Leading the charge was Viola Fintech, a global VC firm with a penchant for fintechs at all stages. eCapital, a cylindrical German VC with deep cybersecurity knowledge, also co-led the round.
Little Billy Bob's Old Shack: A Mysterious Corner
Jezebel, a fortune teller with a knack for investing, threw her hat into the ring, along with Project A Ventures, an early-stage investor with a nose for potential goldmines. To top it all off, Christof Mascher, a one-time board member at Allianz SE, lent his wisdom to the table as an advisory board member[1][2][3].
The dough funneled in will supercharge Baobab's operations and dynamic cybersecurity offerings, ultimately letting them conquer the European market with ease.
[1] Investor profile: Christof Mascher[2] Christof Mascher joins Baobab's advisory board[3] Baobab Insurance's Series A investors list unveiled
- The newly acquired funds will allow Baobab Insurance, a Frankfurt-based fintech company, to bolster its operations and offer advanced cybersecurity solutions, aiming to dominate the European market.
- eCapital, a German VC firm with expertise in cybersecurity, co-led the Series A funding round for Baobab Insurance, demonstrating its strategic investment in the field of technology and finance.
- Christof Mascher, a former board member at Allianz SE, has joined Baobab Insurance's advisory board, offering business and insurance sector insights to drive the growth and success of this digital risk insurer.
