AI-Insurtech DGTAL secures €3m in strategic funding
The funding will scale DGTAL’s pathbreaking technology, developed over two years.
DGTAL was founded in 2021 by Dr. Florian Herzog and Arndt Gossmann. The company’s technology uses AI to extract insights from unstructured data in claims files. This can help insurers to improve their claims settlement processes and reduce costs.
1750 Ventures is a venture capital investor focused on European start-ups that are game changers in the insurance-related ecosystem. Gossmann & Cie. is a liability management firm in Hamburg.
“We are excited to partner with DGTAL,” said Andreas Zipf, managing director at 1750 Ventures. “The company has a strong team with deep insurance knowledge and a proven track record of innovation. We believe that DGTAL can potentially revolutionise how insurance claims are handled.”
“The investment in DGTAL is a major milestone for our company,” said Arndt Gossmann, CEO of DGTAL. “This funding will accelerate our growth and make our technology available to a wider range of insurers.”
The funding round was also supported by two family offices.
DGTAL’s technology has the potential to save the insurance industry billions of euros each year. The company is well-positioned to capitalise on the growing demand for AI-powered solutions in the insurance industry.
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