Xempus receives $70m growth investment, led by Goldman Sachs Asset Management

We’re delighted to announce that our portfolio company, Xempus AG, has raised $70m in its Series D funding round is led by Goldman Sachs Asset Management.

Christian Resch, Managing Director in the Growth Equity business within Goldman Sachs Asset Management stated, “We see a tremendous opportunity to further digitize the pension & life insurance market. The global retirement funding gap is estimated to reach $400 trillion by 2050. Platforms such as Xempus will play a critical role in reducing this gap by increasing consumer understanding, choice and transparency.”

Alexander Lippert, Executive Director in the Growth Equity business within Goldman Sachs Asset Management continued, “We have been following Xempus for some time and are delighted to partner with Tobias, Malte and the entire Xempus team to lead the Series D. We have been impressed by the company’s strong growth momentum and look forward to helping Xempus expand its offering even further.”

Finally, Tobias Wann, CEO of Xempus added, “The management team and shareholders are excited that Goldman Sachs is joining us on our journey”, “This funding allows us to further accelerate our pace as we innovate and tech-enable the insurance market in Europe, delivering better value to insurers, agents, corporates and employees.”

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Source: Xempus