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Angermayer’s Elevat3 Fund to Make First Investment in Neodigital

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Christian Angermayer’s new European venture capital fund, Elevat3 Capital, will make its first investment in German digital insurance firm Neodigital Versicherung AG, a person familiar with the matter said.

The investment will value the company -- which sells online insurance for pets, mobile phones, bikes and accidents -- at about 60 million euros ($71 million) and may be announced as soon as this week, the person said, asking not to be identified because the deal isn’t yet public.

https://www.bloomberg.com/news/articles/2020-11-18/angermayer-s-elevat3-fund-to-make-first-investment-in-neodigital