Berlin – While working at SMP, members of the YPOG team advised Munich-based insurance startup insureQ on its recent financing round led by early-stage investor Nauta Capital. In addition, Rocket Internet's investment arm Global Founders Capital invested in the InsurTech company. The company now plans to use the fresh capital to establish an international partner network to drive strategically growth and to further expand its Team. insureQ received comprehensive legal and tax advice from a team consisting of Frederik Gärtner, Benjamin Ullrich, Malte Bergmann and Pia Meven. SMP has already advised the Munich-based startup last summer – at that time in the course of its financing round with another participation of Rocket Internet through its pre-seed fund Flash Ventures.
"Digitalization in the insurance industry is continuing at a rapid pace and we are pleased to be able to accompany successful companies like insureQ in their growth right from the start," says Frederik Gärtner. "The renewed commitment of such renowned investors again demonstrates the great potential of InsurTech and FinTech. Congratulations to our client on this success," adds Benjamin Ullrich.
Team:
Dr. Frederik Gärtner (Corporate), Associated Partner
Dr. Benjamin Ullrich (Corporate), Partner
Dr. Malte Bergmann (Steuern), Partner
Pia Meven (Corporate), Associate
insureQ
insureQ is a Munich-based company that focuses on the digital distribution of insurance policies to IT consultants and freelancers as well as startups from the SaaS and e-commerce sectors. The insurance packages offered are customized for different industries and can be easily bought and subsequently managed entirely via the insureQ platform. Founded in 2020, the InsureTech works together with major insurance companies such as Hiscox, R+V and ARAG and currently employs 16 people.
About us
YPOG stands for You + Partners of Gamechangers – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 150 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Hamburg, Cologne, and Munich.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog
