insureQ, a Germany-based provider of embedded insurance products for SMEs and freelancers, announced that it has raised a €5 million seed round.

The fund raise was led by Nauta Capital with existing investors Flash Ventures and GFC also participating.

Founded in 2019, the insurtech will use the additional capital to accelerate growth, enhance its tailor-made insurance products as well as expand both its partner network and the SME segments it serves.

In the last few months insureQ has strengthened its core team with new members who were previously working at companies such as Allianz, Google or AIG joining the company.