Angermayer’s Elevat3 Fund to Make First Investment in Neodigital


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.