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Xaver secures €5M in a pre-seed funding round led by Motive Ventures and Cavalry Ventures to launch a B2B AI platform for life insurance and private pensions.

Mar 19, 2024•over 1 year ago

Amount Raised

€5 Million

Round Type

seed

GermanyArtificial IntelligenceFinancial Services

Investors

Notion CapitalThe DeltaRobin CapitalEqt VenturesLakestar Scout FundA16zSequoiaMario GötzeChristian ReberTushar AhluwaliaJessica HolzbachMichael WaxElmar BroscheitFelix OhswaldRaffaele TerroneJulian TeickeMatthias SetzerThomas MünkelMartin BlessingCavalry VenturesMotive Ventures

Description

Germany-based Xaver, a fintech startup, raised €5M in a pre-seed round of funding. The funding round was led by Motive Ventures and Cavalry Ventures and aims to introduce a B2B AI platform for life insurance and private pensions.

Company Information

Company

Xaver

Location

Germany

About

Xaver enables Financial Institutions to close Europe’s pension gap. By offering an advanced AI-driven B2B platform for life insurance and private pension sales, Xaver enhances the operational and sales efficiency of banks, insurers, and brokers by up to 65% and introduces a new era of white-labeled private pension products. With a leadership team of experienced industry veterans - Max Bachem, Ole Breulmann, and Dr. Björn Holste - and backing from leading VC funds and a prominent group of former financial institution executives, fintech pioneers, and unicorn founders, Xaver is dedicated to improving the pension situation of Europeans through their B2B offering.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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