Insurtech Company Finanzchef24 Raises €4M in Venture Capital

Finanzchef24, a Munich, Germany-based insurtech company, raised €4m in venture capital. Backers included Grenke Bank AG and existing shareholders Target Partners, HW Capital and Mercura Capital. The company intends to use the funds to investment further develop the product portfolio. Co-founded by Hendrik Rennert and Felix Schollmeier, Finanzchef24 is a digital insurance broker for entrepreneurs and companies in Germany.