About ELEMENT
ELEMENT is a company based in Berlin (Germany) founded in 2016. It operates as a Professional Services. 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 as of December 31, 2023. ELEMENT offers products and services including Insurance Solutions. ELEMENT operates in a competitive market with competitors including Element, Boost, Octamile, SureBright and Eleos Life, among others.
- Headquarter Berlin, Germany
- Employees 129 as on 31 Dec, 2023
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Element Insurance Ag
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Annual Revenue
$5.36 M (USD)56as on Dec 31, 2021
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Net Profit
$16.45 M (USD)200as on Dec 31, 2021
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EBITDA
-$16.45 M (USD)0as on Dec 31, 2021
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Total Equity Funding
$139.18 M (USD)
in 6 rounds
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Latest Funding Round
$54.13 M (USD), Series C
Mar 26, 2024
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Investors
State Bank of India
& 13 more
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Employee Count
129
as on Dec 31, 2023
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Products & Services of ELEMENT
ELEMENT offers a comprehensive portfolio of products and services, including Insurance Solutions.
Insurance solutions are provided for MGAs across Europe.
People of ELEMENT
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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.
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 |
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Venture capital firm focused on B2B business model and insurtech sectors
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A private investment firm focused on alternative investments globally.
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Long-term investments are pursued by this venture capital firm.
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Investor details for ELEMENT
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Investments & Acquisitions by ELEMENT
Investment portfolio details for ELEMENT
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Financial Statements - ELEMENT
Detailed financials for ELEMENT
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Element Comparisons
Peer comparison for ELEMENT
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Competitors of ELEMENT
ELEMENT operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Element, Boost, Octamile, SureBright and Eleos Life, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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A decentralized messaging app is provided for enterprise teams.
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P&C, insurtech, and embedded insurance services are provided by Boost.
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AI-based insurance claim management solutions for insurance & other businesses
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Insurance-as-a-service platform is offered for website embedding by businesses.
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White-labelled insurance company that offers income protection insurance which can be bought online
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Provider of product authentication and protection software solutions for businesses
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Detailed competitors of ELEMENT
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Latest news on 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 current CEO of ELEMENT.
ELEMENT is a funded company, having raised a total of $139.18M across 6 funding rounds to date.
As of Dec 31, 2023, the latest employee count at ELEMENT is 129.
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's top competitors include Boost, Element and Eleos Life.
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.