We are delighted to share that our portfolio company, simplesurance, has been acquired by Allianz X. This marks TempoCap’s 6th exit in the last 18 months!
simplesurance offers a market-leading technology for embedded insurance, integrating insurance solutions into digital distribution partners in fast-growing ecosystems.
Carsten Middendorf, CIO of Allianz X, commented on the acquisition stating, “Embedded insurance is a core element when it comes to offering customers not just policies, but comfort and convenience too. With simplesurance, we bet on one of the pioneers of this market at an early stage and, together with its strong management team, built a technology leader in this segment.”
Read more: Allianz X
Source: Allianz X
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