DACH Insurtech Map and Funding Highlights in 2023

DACH Insurtech Map and Funding Highlights in 2023

by January 5, 2024

House of Insurtech presented at the end of 2023 a comprehensive report showcasing the Insurtech Map’s growth and impact.

The platform has emerged as a hub for innovation, featuring over ±200 startups from Germany, Austria, Switzerland, and Liechtenstein. This interactive platform not only highlights entries but also showcases innovative solutions that are shaping the future of the insurance industry.

HITS, House of Insurtech Switzerland, acknowledges the paramount relevance of the strategic curation of the Insurtech Map, ensuring that all relevant information from the insurtech industry is easily accessible, fostering a collaborative environment and empowering decision-makers with a wealth of knowledge at the palm of the user’s hands.

Ruth Armalé

Ruth Armalé

“We recognize the importance of contributing to the development of a thriving open ecosystem, therefore we are curating and further investing in the Insurtech Map. Insurtech developments are closely monitored by HITS by scouting and vetting startups in the DACH region and we keep at the forefront of early market developments by actively engaging with partners and investors.”

explains Ruth Armalé, Chief Innovation Officer at HITS.

Insurtech DACH Trends 2023

These trends collectively illustrate the dynamic nature of the insurtech sector in the DACH region, showcasing a combination of technological innovation, strategic investments, and resilience in the face of economic challenges.

Generative AI and the Rise of LLMs (Large Language Models):

  • Generative AI is anticipated to become a key component of the insurtech stack.
  • Approximately one-fourth of the insurtechs in the region are already utilizing analytics and AI technologies.
  • Recent technological advancements in AI, especially Large Language Models (LLMs), are poised to play a crucial role in transforming the insurance industry.
  • The ultimate goal is to utilize Generative AI to enhance and provide the best possible customer experience in the insurance sector.

Equity Deals in the DACH Region:

  • On the capital side, top equity insurtech deals from the DACH region in Q3 2023 have been landed by Hepster (EUR 10M Series B) and SureIn (EUR 4M Seed) both from Germany, according to cbinsights, in a challenging macro economical environment. After record years 21-22, capital invested in Europe overall still growing at +18% vs. 2020 (source: Atomico). .

Top DACH Insurtech Funding Rounds in 2023

Congratulations to all the startups securing funding this year. The Insurtech Map has witnessed remarkable achievements in funding rounds, despite the hard conditions for fundraising. We extend our heartfelt congratulations to the following startups for successfully securing funding:

Wefox Group: €50,000,000

Thinksurance: €22,000,000

TONI Digital: €12,000,000

Hepster: €10,000,000

Feather Insurance: € 8,500,000

SureIn: €4,000,000

DGTL: € 3,200,000

Decentriq: €2,000,000

Swiss Insurtech Success Stories on the Map

Zoundream’s Breakthrough: Technology Embedded in MaxiCosi Baby Monitor:

One of the standout success stories from the past year involves Zoundream, whose cutting-edge technology understanding babies cry, has been seamlessly embedded in Dorel’s most popular baby monitor, MaxiCosi.

Imburse getting acquired by Duck Creek Technologies: The payment platform provider Imburse was acquired by Duck Creek Technologies, a solutions provider for property and casualty (P&C) insurance. Imburse ranked among the TOP 100 Swiss Startups in 2021 and 2022 and is part of the Insurtech Map.


Calingo Insurance launched digital pet insurance for dogs and cats in Switzerland together with Simpego. The innovative product contains many customer-friendly features, such as a monthly cancellation right. The offer is already meeting with great success on the market.

Calingo Insurance

Simpego launched the license plate calculator, Switzerland’s fastest car insurance premium calculator. Additionally, Simpego began using AI for semantic document recognition and automated quote creation.


TONI Digital launched the new car insurance “Belsura” exclusively on FinanceScout24. TONI Digital also launched new bicycle insurance for the Swiss market in cooperation with ÖKK.


Smile expanded into the Austrian market in 2022 as Switzerland’s largest digital insurer. In addition, Smile was able to generate over 140,000 app downloads with the freemium offer and has over 30,000 active users every month. As another highlight, Smile took bold steps in Web 3.0. The digital insurance company launched the first NFT for a good cause and had its first experiences in the metaverse.

Meet The New Startups on the DACH Insurtech Map

Touch Risk: Developing new and enhancing existing risk transfer solutions through AI and advanced technology.

Touch Risk

AKUR8: AKUR8 is a SaaS Insurtech specializing in Insurance pricing optimization with Transparent AI.


Pelt8: Making efficient sustainability reporting accessible.


Cyberion: Cyberion provides cyber security protection to businesses in Switzerland. Get your cyber risk assessment and your quote online in less than 5 minutes.


Apinity: Offer a Software-as-a-Service solution that empowers businesses to start and manage their API ecosystem – without any development efforts.


Over 2023, the Insurtech Map has evolved into a dynamic platform, catalyzing innovation and fostering collaboration across borders. We are proud to be at the forefront of showcasing startups that redefine the insurance landscape. As we reflect on the past year, we anticipate even greater achievements and breakthroughs in the years to come.