Peter Thiel Backs German Insurtech Startup

PayPal founder Peter Thiel, and his fund Valar Ventures, led a $10 million seed round in German insurtech startup Coya; other investors in the round include e.ventures and La Famiglia; Dr. Peter Hagen, one of the founders of Coya, tells Business Insider, “This investment will allow Coya to further extend our team and build up an exceptional product for our customers.”; the company is planning to build a digital insurance provider and is in the process of trying to get full authorization from German regulators; founders of Coya include two former Kreditech employees and ex-CEO of Vienna Insurance Group. Source

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