About ELEMENT
ELEMENT is a Financial Services company based in Berlin (Germany) founded in 2016. Insurance solutions are offered to MGAs across Europe by ELEMENT. It operates on a Professional Services model. ELEMENT has raised $139.18 million across 6 funding rounds from investors including State Bank of India, SIGNAL IDUNA and Witan Investment Trust. The company has 129 employees. Its chief executive, as recorded, is Christian Macht. ELEMENT offers products and services including Insurance Solutions. Its focus areas include Financials, Insurance and General Insurance. Its legal entity is ELEMENT Insurance AG.
Company details
Insurance solutions are provided by ELEMENT to Managing General Agents (MGAs) across Europe. Support is extended through tailored services in the insurance sector. Focus is placed on empowering partners with innovative approaches. Operations are centered in the European market with a commitment to compliance and legal standards.
- Headquarters Berlin, Germany
- Employees 129
- SectorsFinancial Services
- Website element.in
- Social LinkedIn X
- Legal Name Element Insurance Ag
- Annual Revenue$5.36 M (USD)56as on Dec 31, 2021
- Net Profit$16.45 M (USD)200as on Dec 31, 2021
- EBITDA-$16.45 M (USD)as on Dec 31, 2021
- Total Equity Funding$139.18M (USD)
in 6 rounds
- Latest Funding Round$54.13M (USD), Series C
Mar 2024
- InvestorsState Bank of India
& 13 more
- Employee Count129
Products & Services of ELEMENT
ELEMENT offers a comprehensive portfolio of products and services, including Insurance Solutions.
Insurance solutions are provided for MGAs across Europe.
Funding Insights of ELEMENT
ELEMENT has successfully raised a total of $139.18M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $54.13 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $139.18M
- Total Rounds 6
- Last Round Series C — $54.13M
- First Round $26.01M
(Nov 2018)
- Investors Count 14
All 6 funding rounds of ELEMENT with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $54.13M | Series C | – | VZB, Mundi Ventures | – |
| Jul 2022 | $21.95M | Series B | – | VZB | |
| Jun 2021 | $19.46M | Series A | – | – | |
| Aug 2020 | $11.91M | Series A | – | FinLeap, SBI | – |
| Jan 2019 | $5.72M | Series A | – | – | – |
| Nov 2018 | $26.01M | Series A | – | Engel & Völkers Capital, Mundi Ventures |
14 investors in total: 13 institutional and 1 angel.
Investors in ELEMENT
ELEMENT has secured backing from 14 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include State Bank of India, SIGNAL IDUNA and Witan Investment Trust.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on B2B business model and insurtech sectors | mundiventures.com | Madrid, Spain | ||
A private investment firm focused on alternative investments globally. | witangroup.com | |||
Long-term investments are pursued by this venture capital firm. | ivc.fund | Luxembourg, Luxembourg | ||
A venture capital-backed startup studio is focused on fintech innovation. | finleap.com | Berlin, Germany | ||
Global Brain is recognized as a venture capital firm supporting startups. | globalbrains.com | Shibuya, Japan | ||
Early-stage tech investments are made in European companies. | signals.vc | Berlin, Germany | ||
Venture capital funds are managed to support unlisted companies' growth. | sbinvestment.co.jp | Minato City, Japan | ||
Pension fund providing services to dental professionals in Berlin and Germany. | vzberlin.org | Berlin, Germany | ||
Diversified insurance services are provided by SIGNAL IDUNA in Germany. | 1999 | signal-iduna.de | Dortmund, Germany | |
Investment management services are provided by Witan Investment Trust. | 1909 | witan.com | London, United Kingdom |
Investor details for ELEMENT
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
People of ELEMENT
17 people are tracked at ELEMENT (11 in leadership, 6 in team); the tracked headcount is 129.
| Name | Role | Group |
|---|---|---|
Christian Macht | CEO | Leadership |
Jörg Schmidt | Senior Vice President People & Organisation / Generalbevollmächtigter | Leadership |
Dr. Andreas Tiltag | Team Lead Partner Onboarding & Product Manager | Leadership |
Michael Bongartz | Chief Commercial Officer | Leadership |
Aurora Berretta | HR Business Partner | Leadership |
Dirk Käckenmeister, CFA, FRM | Head of Finance | Leadership |
Anna Suprun | Head of Product - Platform | Leadership |
Johannes Jacobsen | VP Governance and General Counsel | Leadership |
Benjamin Fiedler | Head of Insurance Legal (Syndikusrechtsanwalt) | Leadership |
Laura Kauther | Comercial Director | Leadership |
Volker Lade-Wittlake | Vice President | Leadership |
Lucía Lorente, LL.M. | Sr.Legal Counsel | Team |
Beril Adıkutlu | Product Owner | Team |
Ines Bosnic | Talent Acqusition Manager | Team |
Anna Kowalska | Senior Controlling and Business Intelligence Analyst | Team |
Janin Krüger | Junior Customer Success Manager | Team |
Dr. Katharina R. | Recruiting Team Lead | Team |
Complete people profiles for ELEMENT
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Professional contacts
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Timeline of ELEMENT
3 dated milestones of ELEMENT across 8 years, from founding to its latest funding, stage changes and deals.
- Founded ELEMENT is founded.
- Funding First funding round of $26.0M.
- Funding Latest funding round, Series C, of $54.1M.
Web traffic of ELEMENT
Websites that share an audience with ELEMENT (element.in).
Websites whose visitors overlap most with ELEMENT. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
versicherungsforen.net | versicherungsforen.net | 100% | #3,066,879 | – | |
versicherungsjournal.de | versicherungsjournal.de | 83% | #508,949 | – | |
dup-magazin.de | dup-magazin.de | 78% | #1,371,514 | – | |
finanzwelt.de | finanzwelt.de | 77% | #1,586,638 | – | |
| dasinvestment.com | 45% | #112,951 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for ELEMENT
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- 6 similar websites
- Audience overlap
- Engagement analytics
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Verified entity values are shown only after access is granted.
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Related news about Element
Complete news archive for ELEMENT
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Frequently Asked Questions about ELEMENT
ELEMENT was founded in 2016 and raised its 1st funding round 2 years after it was founded.
ELEMENT is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Christian Macht is the CEO of ELEMENT, as recorded in our data.
ELEMENT is a funded company, having raised a total of $139.18M across 6 funding rounds to date. The company's 1st funding round was a Series A of $26.01M, raised on Nov 2018.
ELEMENT has 129 employees.
Annual revenue of ELEMENT is $5.36M as on Dec 31, 2021.
Insurance solutions are provided by ELEMENT to Managing General Agents (MGAs) across Europe. Support is extended through tailored services in the insurance sector. Focus is placed on empowering partners with innovative approaches. Operations are centered in the European market with a commitment to compliance and legal standards.
ELEMENT offers Insurance Solutions.
ELEMENT has 14 investors. Key investors include State Bank of India, SIGNAL IDUNA, Witan Investment Trust, Sony Financial Holdings, and VZB.
ELEMENT operates through Element Insurance Ag.