NINEBARC CONQUERS GERMAN INSURANCE INDUSTRY – VENPACE invests, InsurLab Germany and InsurTech Hub Munich start collaborations

by | May 25, 2021 | Blogposts | 0 comments

VENPACE grows portfolio shortly after launch – Ninebarc wins another strategic entry point into the insurance industry next to SÜDVERS

Our startup Ninebarc GmbH is an excellent example and success story of the strong networking and emerging innovation support in the German insurance industry. Networks of the “Digital Hub Initiative” such as the InsurLab Germany from Cologne and the InsurTech Hub Munich (ITHM), provide startups like ours with a platform to present themselves not only to corporates but also to investors.

We launched Ninebarc in December 2020 as a platform for digital estate planning. Legal precautionary documents such as wills, organ donation cards or powers of attorney can be created and deposited directly on our platform. In addition to storing and specifically sharing important data, it is already possible to configure an individual estate plan, store information on assets, and even generate a digital will template.

Participating in different events hosted by the Innovation Hubs in Cologne and Munich, we noticed great interest in our solution, and also that it can be an important interface for insurers and financial service providers to connect with their customers. Through Ninebarc, we provide these partners with a chance to expand their own product portfolio and the possibility to create important “digital touchpoints” to in the course of innovation. Meanwhile, we started offering Ninebarc as an optional add-on or white label solution in the corporate identity of the respective B2B partner. The first collaborations were already established, and through the participation in the innovation programs of the InsurLab Germany and the ITHM we are looking forward to further grow our network in the insurance industry.

Ninebarc has also proven to be a suitable investment case for VENPACE. The Insurtech fund aims to boost and promote digital innovations within the insurance space. The partners (“Ideal Versicherungsgruppe”, “PrismaLife”, “Provinzial” and “Vienna Insurance Group”) represent a broad insurance spectrum and provide a corresponding foresight into the current opportunities, trends and challenges of the industry. Our young start-up fits perfectly into this investment focus as an interface between consumers and risk carriers.

The participation in both funding programs/accelerators of InsurLab Germany from Cologne and InsurTech Hub Munich (ITHM) is a great honor for us. This way, we are able to emphasize the relevance of our offering within the insurance industry and to establish important new contacts. The programs also enjoy an exceptionally good reputation internationally and highlight the emerging digitalization trend of the insurance locations Cologne and Munich. After all, not least, the contact between VENPACE and Ninebarc was made via a digital pitching format of the Insurlab Germany. Now VENPACE is joining Ninebarc – and existing investors SÜDVERS and Schauenburg Ventures are confirming their investments.

About VENPACE

Cologne-based company builder crossbuilders, led by Ingo Küpper, Dr. Walter Botermann and Prof. Dr. Torsten Oletzky, has launched the insurtech fund “VENPACE” with four insurers from the DACH region (Germany, Austria and Switzerland). Together, they are building their own digital business models in the insurtech-related environment and making pre-seed and seed investments of up to 500,000 euros.

About Ninebarc

Ninebarc is a digital provider for estate and end-of-life planning from Berlin. Customers can create a legally binding estate plan – online within a few minutes. This ensures that relatives have access to all important information, relevant data and documents, as well as accounts and passwords. The service portfolio includes comprehensive estate decision planning, customized checklists with integrated guidance, document creation and filing, easy administration, secure sharing with relatives, contact management including role assignment, legally verified security and 24/7 online access to the platform. For more information on Ninebarc, visit www.ninebarc.de.