Feather funding news – Berlin-based Feather Raises €6 Million in Funding

The couple moved to Germany but found it difficult to use the country's insurance system, so they decided to build a custom platform to address all of these issues. The founders created this digital platform from the ground up to provide honest, objective advise and recommendations. It is the service they wish they had.

To cater to the needs of the more than 50 million foreign workers who reside and work in Europe, each of whom has varying insurance coverage needs, the company has created a pan-European digital platform.

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Feather's flexible, purpose-built full-stack tech platform is its central component. Feather collaborates with insurance providers to guarantee legal compliance while enabling Feather to handle every facet of the insurance process internally and online, from processing claims to preparing policy documents. Feather can now provide a better user experience in addition to being more affordable and responsive.

Rob Schumacher, co-founder of Feather, said: "Our mission has always been clear: to build an insurance platform that not only meets the needs of today's expats but does so with transparency, simplicity, and trust. This funding represents a vote of confidence in our vision and our technology, and we are excited about the opportunities it opens up for us to serve the expat community across Europe even better."

Leading the financing were top executives from Allianz, AXA, and Bastian, as well as Keen Venture Partners with Plural.

Taavet Hinrikus, Partner at Plural said: "With a laser focus on expats' needs and a best-in-class tech platform, Feather is breaking down the complex, regulated insurance industry with an exceptional founder, and market fit. There are many parallels to the growth and trajectory of Wise and Feather’s early success is a clear sign of things to come."

Abdul Afridi, from Keen said: "Feather's approach to insurtech stands out in a crowded market. Their expat experience resonated with me as a fellow expat but what has convinced me of the investment case was the robust technology and clear path to scalability Rob and Vincent have built.”

With the money, it will be able to quickly enter additional European markets and produce a cross-European product that travellers can take with them.

About Feather

In 2018, Rob Schumacher and Vincent Audoire, who were part of Entrepreneur First's inaugural Berlin cohort, established Feather. In the German insurance industry, information can be hard to come by and bureaucracy might seem never-ending. Their mission is to provide individuals with what they need—honest, straightforward insurance—by relieving them of the stress of investigating and buying plans.