German Cyber Insurtech Baobab Raises $4.2m “Pre-Seed” Round 

by

The start up’s website promises: “Get covered within 5 minutes.”

“Baobab’s financing round was led by Project A Ventures with involvement from La Famiglia, Discovery Ventures and angel investors including Clark, Comtravo, Gabi, Hellas Direct, Bit Capital & Ioniq and Lendable, EU-Startups reported.

The new cash will be used to add employees including insurance professionals and cybersecurity and technical experts.”

See Baobab jobs here.

Source: Cyber Insurance Firm Baobab Secures $4m | PYMNTS.com

Mark Sauter

Mark Sauter’s insights on the financial, policy and security elements of cyber insurance are based on years of experience in the investment banking, media and business worlds. Co-author of the McGraw Hill university textbook “Homeland Security: a Complete Guide,” Sauter was also a consultant to one of the world’s largest software companies and served as a US Army Special Forces and infantry officer.

See also  Cyber Insurer Cowbell Grows and Funds
×