ELEMENT
Financials
Estimates*
EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|---|
Revenues | - | <1m | 4.3m | 11.0m | 11.5m | - | 14.0m |
% growth | - | - | 13495 % | 159 % | 5 % | - | - |
Profit | (3.4m) | (7.9m) | (12.1m) | (13.9m) | (13.9m) | (17.3m) | - |
% profit margin | - | (25423 %) | (285 %) | (127 %) | (120 %) | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | N/A | Seed | |
€11.0m | Seed | ||
* | €23.5m | Series A | |
€5.5m | Series A | ||
€10.0m Valuation: €115m 27.1x EV/LTM Revenues | Series A | ||
$19.5m | Early VC | ||
* | $21.5m | Series B | |
* | $54.0m | Series C | |
N/A | Late VC | ||
Total Funding | AUD232m |
Recent News about ELEMENT
EditELEMENT Insurance is a fully licensed, independent risk carrier specializing in digital insurance products. Operating under a B2B2X model, ELEMENT partners with businesses to distribute insurance products while maintaining the customer relationship through its partners. The company leverages a cloud-based microservice architecture to provide state-of-the-art solutions and infrastructure, ensuring the highest level of security for shared data. ELEMENT's full license from the German Federal Financial Supervisory Authority (BaFin) allows it to underwrite non-life insurance solutions, offering maximum flexibility and security. This license also enables ELEMENT to conduct business across all EU countries. The company's offerings include white-label modules that allow customer interaction under the partner's brand and a best-in-class pet protection suite. ELEMENT's business model focuses on collaborating with long-term partners to distribute its insurance products, generating revenue through underwriting and service fees.
Keywords: digital insurance, B2B2X, risk carrier, cloud-based, microservice architecture, BaFin license, EU market, white-label, pet insurance, underwriting.