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
*********
- 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Insurance solutions are provided for MGAs across Europe.
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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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series C — $54.1M
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First Round
First Round
(29 Nov 2018)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series C - ELEMENT | Valuation | VZB , Mundi Ventures |
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| Jul, 2022 | Amount | Series B - ELEMENT | Valuation | VZB | |
| Jun, 2021 | Amount | Series A - ELEMENT | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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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Founded Year | Domain | Location | |
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A private investment firm focused on alternative investments globally.
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Founded Year | Domain | Location | |
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Long-term investments are pursued by this venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ELEMENT
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - ELEMENT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Element Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A decentralized messaging app is provided for enterprise teams.
|
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| domain | founded_year | HQ Location |
P&C, insurtech, and embedded insurance services are provided by Boost.
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| domain | founded_year | HQ Location |
AI-based insurance claim management solutions for insurance & other businesses
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| domain | founded_year | HQ Location |
Insurance-as-a-service platform is offered for website embedding by businesses.
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| domain | founded_year | HQ Location |
White-labelled insurance company that offers income protection insurance which can be bought online
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| domain | founded_year | HQ Location |
Provider of product authentication and protection software solutions for businesses
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Element
Frequently Asked Questions about ELEMENT
When was ELEMENT founded?
ELEMENT was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is ELEMENT located?
ELEMENT is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Who is the current CEO of ELEMENT?
Christian Macht is the current CEO of ELEMENT.
Is ELEMENT a funded company?
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 $19.46M, raised on Nov 29, 2018.
How many employees does ELEMENT have?
As of Dec 31, 2023, the latest employee count at ELEMENT is 129.
What is the annual revenue of ELEMENT?
Annual revenue of ELEMENT is $5.36M as on Dec 31, 2021.
What does ELEMENT do?
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.
Who are the top competitors of ELEMENT?
ELEMENT's top competitors include Boost, Element and Eleos Life.
What products or services does ELEMENT offer?
ELEMENT offers Insurance Solutions.
Who are ELEMENT's investors?
ELEMENT has 14 investors. Key investors include State Bank of India, SIGNAL IDUNA, Witan Investment Trust, Sony Financial Holdings, and VZB.