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Investments

13

About GPS Ventures

GPS Ventures invests with a long-term vision in tech startups in Germany and Europe, from seed stage and with a follow-on commitment towards growth.

GPS Ventures Headquarter Location

Marienstr. 4

Berlin, 10117,

Germany

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Latest GPS Ventures News

German InsureTech platform Hepster raises $10M Series A led by Element Ventures

Mar 4, 2021

Hepster , an insurtech platform from Germany, has raised $10 million in a Series A funding led by Element Ventures. Also participating was Seventure Partners, MBMV, and GPS Ventures, as well as previous investors. The funds will be used to broaden the Hepster insurance ecosystem and scale up its network, with an emphasis on automation. The German insurance market is famously slow at adopting new practices, and Hepster is part of a new wave of insurtech startups in the country taking advantage of this. It allows businesses to build insurance policies from scratch, matched specifically to the needs of their individual service or industry. E-commerce players, for instance, can then embed these insurance products into the e-commerce journey. Its products are therefore better suited to the new sector of, for example, shared e-bike schemes and peer-to-peer rental platforms, which are rarely covered by traditional brokers in Germany. However, it also caters to traditional, established industries as well. It now has more than 700 partners, including European bike retailers and rental companies Greenstorm Mobility and Baron Mobility, as well as Berlin-based cargo bike provider Citkar and Munich e-bike startup SUSHI. Christian Range, Hepster co-founder and CEO, said in a statement: “Hepster is now a key player within the European insurance market. Our state-of-the-art technology with our API-driven ecosystem, as well as our highly service-oriented approach, sets us apart.”  In interview, he told me: “Germany is the toughest market with the most regulations, the most laws. We have a saying in Germany if you can make it in Germany, you can make it everywhere. Also, it’s a big market in terms of selling insurance products because Germans really like insurance in every regard. So there is huge market potential in Germany I think.” Michael McFadgen, partner at Element Ventures, said: “As new industries and business models emerge, companies need much more flexible insurance propositions than what is currently being offered by traditional brokers. Hepster is the breakout company in the space, and their focus on embedded insurance will pay dividends in years to come.”

GPS Ventures Investments

13 Investments

GPS Ventures has made 13 investments. Their latest investment was in FlyNex as part of their Series A on October 10, 2021.

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GPS Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/11/2021

Series A

FlyNex

Yes

1

3/4/2021

Series A

Hepster

$10M

Yes

11

1/20/2021

Series A

TraceAir

$3.5M

Yes

5

12/7/2020

Seed VC - II

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$99M

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10

10/5/2020

Series A

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$99M

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10

Date

10/11/2021

3/4/2021

1/20/2021

12/7/2020

10/5/2020

Round

Series A

Series A

Series A

Seed VC - II

Series A

Company

FlyNex

Hepster

TraceAir

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Amount

$10M

$3.5M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

11

5

10

10

GPS Ventures Team

2 Team Members

GPS Ventures has 2 team members, including current General Partner, Albrecht Bochow.

Name

Work History

Title

Status

Albrecht Bochow

General Partner

Current

Gil PICOVSKY

Owner

Current

Name

Albrecht Bochow

Gil PICOVSKY

Work History

Title

General Partner

Owner

Status

Current

Current

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