BDO Legal Rechtsanwaltsgesellschaft mbH and BDO AG Wirtschaftsprüfungsgesellschaft (BDO) provided an interdisciplinary team led by Dr Daniel Wied, M.jur. (Oxford) to support Seventure Partners S.A. with the investment. The advisory services spanned financial due diligence and legal transaction advice.
Founded in 2016, Hepster provides customers and business partners with highly innovative and needs-based insurance products via its specialized API-driven ecosystem. The insurtech sets its focus on all-digital value chain from purchase to claims settlement. Hepster’s portfolio includes insurances in the areas of (e-)mobility, electronics, equipment as well as travel and basic insurances. More than 200 individualized insurance products in its respective areas have been launched since early 2017, convincing more than 70,000 customers and 300 partners.
Despite the COVID-19 pandemic and the ongoing restrictions within the German economy, Hepster has shown an extreme growth trajectory in 2020, especially with its (e-)mobility solutions. The company saw 700% revenue growth from 2018 to 2019, and 600% in 2020.
The Series A investment will be used to further develop Hepster’s digital ecosystem and prepare further market entries within Europe.
With €850m net commitments under management as of the end of 2020, Seventure Partners is a leading venture capital firm in Europe. Since 1997, Seventure Partners has been investing in innovative businesses with high growth potential in two fields: Life sciences across Europe, Israel, Asia and North America, and Digital technologies in France and Northern Europe. In Digital technologies, the three main areas of focus include FinTech/Insurtech, Retailtech and other digital innovative solutions. Investments can range between €500 000 and €10m per round, or up to €20m per company, from early to late stage, growth and Pre-IPO. Seventure Partners is a subsidiary of Natixis Investment Managers, which ranks among the world's largest asset management companies. Listed on the Paris Stock Exchange, Natixis is the corporate finance, management and financial services bank of BPCE, the second largest banking group in France.
Advisors to Seventure Partners
BDO Legal: Dr Daniel Wied, M.jur (Oxford) (Lead, VC/M&A, Munich), Jessica Hofbauer (VC/M&A)
BDO AG: Martin Geisler (Lead, Financial Services, Hamburg), Marco Fröhlich (Financial Services, Hamburg)