Estonian Plural joins €6M round in Feather, a German insurtech startup

Feather has raised €6 million in Series A funding led by Keen Ventures Partners, joined by Plural Ventures among others. The round will enable Feather to further assist expats around Europe in obtaining tailored insurance, according to TechCrunch.

About Feather

  • Feather was founded in 2018 by Rob Schumacher and Vincent Audoire. The company develops a a platform to serve over 50 million expats working and living in Europe. Now, the company is operating in Germany, France, and Spain.
  • The startup aims to simplify the insurance process based on individual needs and includes a digital claims process and transparent customer service, ensuring clarity and ease in navigating insurance options. Expats can manage their insurance needs, supported by personalized recommendations that align with their lifestyles.

Our goal is to give people honest, unbiased advice, with the information they need to make the right decision. And, because of how complicated insurance is, we offer tools, articles, and support where people can reach out to a human about problems or questions they have. Currently, Feather has helped people from over 150 countries get insurance digitally and is expanding quickly,

Feather’s team claims.

Investment details

  • Keen Venture Partners is the lead investor in the current round. It is a venture capital firm that supports founders across Europe from Seed to Series B rounds.
  • The Tallinn-based VC fund Plural also participated in the financing as the existing investor. Founded in 2022 by Sten Tamkivi, Taavet Hinrikus, Ian Hogarth, and Khaled Helioui, Plural focuses on leading early-stage rounds between €1 million and €10 million.

In February this year, it led €83.6 million investment for the Estonia-born startup Starship Technologies.

  • Senior executives from Allianz, AXA, and Bastian also participated in the deal.

The fresh funding round will accelerate its expansion into new European markets. The platform is expected to be launched in three more countries by the end of 2024.