Xaver, a Cologne, Germany-based financial technology firm, introduced its B2B AI platform tailored for life insurance and private pensions and raised €5 million in Pre-Seed funding.
SaaS Investors
The oversubscribed financing round is led by Motive Ventures and Cavalry Ventures. Other investors include former financial institution executives and renowned business angels including Martin Blessing, Julian Teicke, Felix Ohswald, Elmar Broscheit, Michael Wax, and Mario Götze.
Motive Partners is a specialist private investment firm focused on building, backing, and buying technology-enabled financial and business services companies. The firm prefers to invest in seed through to Series A financial technology investments in North America and Europe.
Founded in 2015, Cavalry Ventures is a venture capital firm based in Berlin, Germany. The firm focused on European technology companies in the enterprise and consumer sectors.
Xaver Use of Funds
The company will use the funds for its B2B AI platform
About Xaver
Xaver is a fintech company founded by Max Bachem, Ole Breulmann, and Dr. Björn Holste, with a mission to provide people with a financially prosperous future through accessible, transparent, and cost-efficient pension savings solutions. Leveraging AI technology, Xaver offers a B2B platform that enables banks, insurers, and brokers to enhance operational and sales efficiency. Xaver integrates personalized digital funnels and AI-driven agent interactions into banks', insurers', and insurance brokers' advisory and sales processes.
Funding Details
Company: Xaver
Raised: €5.0M
Round: Pre-Seed Round
Funding Month: March 2024
Lead Investors: Motive Ventures, Cavalry Ventures
Additiona Investors: Martin Blessing, Julian Teicke, Felix Ohswald, Elmar Broscheit, Michael Wax, Mario Götze
Company Website: https://www.xaver.com/
Software Category: Financial
Source: https://tech.eu/2024/03/19/xaver-unveils-ai-platform-for-life-insurance-and-pensions-and-secures-eur5m-pre-seed/