Finanzchef24 GmbH, established in 2012, operates the largest independent small business insurance comparison portal (www.finanzchef24.de) and Finanzchef PRO for insurance brokers (www.finanzchefpro.de), has secured four million euros in a series B funding round from Munich-based venture capital firms Target Partners and Mercura Capital.
The Finanzchef24 team, led by Ralf Müller, Hendrik Rennert and Felix Schollmeier, are delighted with this sign of confidence from investors. With this injection of capital, the company plans to further expand its marketing activities and invest in its recently established Finanzchef PRO broker service. The funds will also be used to expand a number of strategic growth projects.
Waldemar Jantz, Partner at Target Partners GmbH, stated: "Following their very successful first financial year in 2013, we are pleased to continue our support for Finanzchef24 as they redefine the insurance market for small business." Helmut Zahn, General Manager of Mercura Capital GmbH, is also very positive about this investment decision: "With its unique technology in an exciting market sector, Finanzchef24 has outstanding growth opportunities, and we want to give them a sound financial foundation for that growth."
Finanzchef24 is an independent online comparison portal for small business insurance services. The www.finanzchef24.de portal offers small businesses and self-employed operators a free service for comparing insurance options, and a fast and easy way to sign up online for the policy with the price-benefit package that best meets their needs. On the basis of user replies to a series of questions on their specific situation, the portal carries out a thorough risk analysis, so that the insurance options suggestions offered will be precisely tailored to the customer's needs. Business owners and self-employed operators from around 740 business types, such as roofers, plumbers and electricians, restaurant owners, IT consultants, caretakers, hair stylists, building cleaners and advertising vendors, can choose from the product range of 17 leading German insurance providers. This makes Finanzchef24 the first German company to provide transparent price and product details for the market's top insurance companies. Their product portfolio has now been extended with the Finanzchef PRO broker service. On www.finanzchefpro.de, insurance brokers can run online comparisons of small business insurance product offerings in the liability and contents segments.
Munich, 3 June 2014
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With €230 million under management, Target Partners is one of the leading early-stage venture capital firms in Germany. Target Partners invests in new start-up and early-stage companies, and supports them with venture capital during their build-out and expansion phases. With many years of experience as managers, entrepreneurs and venture capitalists, the team at Target Partners supports entrepreneurs in developing and marketing products and services, building organizations, raising money and taking companies public in Europe and the United States.
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