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Founded Year

2016

Stage

Private Equity | Alive

Total Raised

$68.52M

Revenue

$0000 

About Hedvig

Hedvig is a Swedish homeowners insurance provider that offers a mobile app aimed at simplifying the way users report damage and receive compensation.

Hedvig Headquarters Location

Valhallavagen 117

Stockholm, 115 31,

Sweden

+45 38 48 94 61

Hedvig's Product Videos

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Hedvig's Products & Differentiation

See Hedvig's products and how their products differentiate from alternatives and competitors

  • App and Service

    All insurance claims are handled directly in our app. Average response time from our service team is 6 minutes. When a claims session start, you can choose to record a voice message or go directly to the chat. We won't bug you with all the security questions you're used to from a traditional insurance company. We trust you. And reimbursement often comes the same or the following day.

    Differentiation

    Our ultra-fast and stellar service has gained us a 4.8/5 score on Trustpilot. In Sweden, our NPS score is 10 times higher than the industry average. 

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

Research containing Hedvig

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Hedvig in 1 CB Insights research brief, most recently on Mar 2, 2021.

Expert Collections containing Hedvig

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Hedvig is included in 4 Expert Collections, including Digital Health.

D

Digital Health

8,838 items

Startups recreating how healthcare is delivered

I

Insurtech

3,611 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

A

Artificial Intelligence

9,391 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

F

Fintech

4,864 items

Track and capture company information and workflow.

Latest Hedvig News

Neo-insurer Getsafe pushes Series B raise to $93 million, goes after its own insurance license

Oct 7, 2021

dan@tech.eu With its sights squarely set on capturing the millennial market, Heidelberg-based neo-insurer Getsafe has extended its Series B raise to a whopping $93 million. The first announcement back in December wrapped the Christmas presents at $30 million, and almost 10 months to the day, 63 million more presents are now under the tree. The new cadeaux will help Getsafe secure its own insurance license by the end of this year, as well as push further into new European markets. Since 2015, Getsafe has raised approximately $116 million. Getsafe now serves over 250,000 customers in Germany and the UK, initially offering renters insurance in Germany in late 2017, and at the end of last year moved into the car insurance business. Upping the ante, in 2020 Getsafe expanded into the UK market, presumably replicating the German success with renters insurance. And about that ante? At present, one-quarter of Getsafe’s growth is happening in the UK. Getsafe is taking the bull by the horns and has applied for its own insurance license via the Federal Financial Supervisory Authority (BaFin, for short) last year. Part of the reasoning behind this massive raise is to prove to the BaFin that the company means business, and, presumably, has the cash on hand to cover said business. Additionally, by controlling the value chain top to bottom, Getsafe plans on innovating faster, stronger, better. “We don’t only want to do insurance differently, but we want to make it unconditionally better. The innovations in the insurance market we’ve seen so far are merely the tip of the iceberg. Becoming a full-stack carrier will give us the necessary freedom to take unconventional paths and to realise innovations quicker than before,” commented co-founder and CEO Christian Wiens . Now, what should be really interesting is how the sure-to-be-brewing Getsafe and Hedvig battle is going to throw down. With Stockholm’s Hedvig relaunching in Demark (right next door to Germany) and indicating that they want to expand outside of the Nordics, surely, the UK must be on their radar. Or Germany. Or both. Likewise, Wiens mentions The Netherlands as an expansion target, maybe Hedvig too? Oooorrrrr, if we look at just the funding alone, Getsafe with $116 million and Hedvig at $68 million, maaaaaybe an acquisition? Who’s to say, I’m just the observer. Getsafe’s new funding arrives via Earlybird and Abacon Capital , as well as some of the largest Family Offices in Germany and Switzerland. Existing investors CommerzVentures and Swiss Re also participated. Never one to snooze, our Andrii Degeler jumped on the phone earlier this week to talk with Christian Wiens. Listen in to this exclusive conversation surrounding the genesis of Getsafe, and details around the extension of the Series B round. Share this:

Hedvig Web Traffic

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  • When was Hedvig founded?

    Hedvig was founded in 2016.

  • Where is Hedvig's headquarters?

    Hedvig's headquarters is located at Valhallavagen 117, Stockholm.

  • What is Hedvig's latest funding round?

    Hedvig's latest funding round is Private Equity.

  • How much did Hedvig raise?

    Hedvig raised a total of $68.52M.

  • Who are the investors of Hedvig?

    Investors of Hedvig include Nordic Secondary Fund, Cherry Ventures, Obvious Ventures, CommerzVentures, Novax and 12 more.

  • Who are Hedvig's competitors?

    Competitors of Hedvig include Lovys and 1 more.

  • What products does Hedvig offer?

    Hedvig's products include App and Service and 1 more.

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