29 September 2022
InfraVia invests in a leading pension & life insurance distribution SaaS platform in Europe
Xempus, a leading European SaaS platform in sales and management of pension & life insurance policies, extends its Series D investment round led by InfraVia with the participation of TempoCap, Reimann Investors and family offices.
It follows the first closing of Xempus’ Series D in April 2022 with $70m, led by Goldman Sachs Asset Management, with participation from existing investors HPE Growth and Cinco Capital.
Xempus is Europe’s leading pension & life insurance distribution platform. Its software-as-a-service offering allows insurers, insurance agents, corporates, and employees to buy and manage pension & life insurance online.
Clients benefit from seamless information flows, user-friendly customer journeys, as well as connectivity to all relevant stakeholders on a single software-as-a-service platform. More than 70,000 corporates, over 20,000 insurance agents, over 40 sales organizations and 30+ pension & life insurers are on the Xempus platform. Xempus employs more than 200 people with offices across Germany in Munich (headquarters), Berlin and Saarbruecken.
Tobias Wann, CEO of Xempus stated “We are delighted to have InfraVia on board with a view to benefiting from their deep insurance and software expertise as we continue building Europe’s leading pension & life insurance distribution platform.”
Malte Dummel, COO & CFO of Xempus, added “This extension of Xempus’ Series D round underlines the attractiveness of the Xempus business model, our relentless focus on execution, as well as the strength of Xempus’ value proposition to insurers, agents and end customers.”
Alban Wyniecki, Partner at InfraVia declared “We are excited to partner with the Xempus team that we identified as a clear market leader in its home market with tremendous potential for international expansion. The global pension funding gap stands at $400bn. Platforms like Xempus can play a crucial role in closing that gap by digitizing the pension & life insurance distribution processes, thereby achieving better outcomes for end customers as well as agents and insurers.”
Vincent Levita, Founder of InfraVia, concluded “I am excited about this first transaction in the German market that confirms the need to accompany European scale-ups to create large and well-grounded businesses in the European economy. InfraVia is particularly delighted to lead the digitization of the Insurance industry that has historically supported our growth developments.”