Berlin – SMP again advised Munich-based insurance startup insureQ on its recent financing round led by early-stage investor Nauta Capital. In addition, Rocket Internet's investment arm Global Founders Capital invested in the InsurTech company. The company now plans to use the fresh capital to establish an international partner network to drive strategically growth and to further expand its Team. insureQ received comprehensive legal and tax advice from a team consisting of Frederik Gärtner, Benjamin Ullrich, Malte Bergmann and Pia Meven. SMP had already advised the Munich-based startup last summer – at that time in the course of its financing round with another participation of Rocket Internet through its pre-seed fund Flash Ventures.
"Digitalization in the insurance industry is continuing at a rapid pace and we are pleased to be able to accompany successful companies like insureQ in their growth right from the start," says SMP associated partner Frederik Gärtner. "The renewed commitment of such renowned investors again demonstrates the great potential of InsurTech and FinTech. Congratulations to our client on this success," adds Benjamin Ullrich.
insureQ is a Munich-based company that focuses on the digital distribution of insurance policies to IT consultants and freelancers as well as startups from the SaaS and e-commerce sectors. The insurance packages offered are customized for different industries and can be easily bought and subsequently managed entirely via the insureQ platform. Founded in 2020, the InsureTech works together with major insurance companies such as Hiscox, R+V and ARAG and currently employs 16 people.
SMP is a boutique law firm for tax and business law which is active in the core fields of Tax, Funds, Corporate, Litigation and Transactions. The attorneys and tax specialists at SMP represent a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations as well as private equity and venture capital funds. Founded in 2017, SMP has become one of the leading players for venture capital, private equity and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus and Chambers and Partners. Today, SMP has more than 60 experienced lawyers and tax specialists in three Offices in Berlin, Hamburg and Cologne.