Investment Summary

Cadence Growth Capital Invests In Ottonova

On September 5, 2022, growth capital firm Cadence Growth Capital invested in insurance company Ottonova

Investment Highlights
  • This is Cadence Growth Capital’s 1st transaction in the Insurance sector.
  • This is Cadence Growth Capital’s 6th transaction in Germany.

Investment Summary

Date 2022-09-05
Target Ottonova
Sector Insurance
Investor(s) Cadence Growth Capital
Deal Type Venture

Target

Ottonova

Munich, Germany
Ottonova is the private health insurance company for the digital age. With innovative, digital and mobile-enabled services, the company has been helping its customers get healthy and stay healthy. Digital technologies, fast and personal advice via chat, and numerous other features ensure that customers are always the focus. Ottonova was founded in 2015 and is based in Munich, Germany.

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Investor(S) 1

DESCRIPTION

Cadence Growth Capital is a growth capital firm focused on providing expansion funding to companies with at least €10 million of revenue and located in Switzerland, Austria, and Germany. The Firm will consider minority or majority positions and generally will consider any tech-enabled business with proven/sustainable business models. Cadence Growth Capital is headquartered in Berlin.


DEAL STATS #
Overall 7 of 7
Sector: Insurance M&A 1 of 1
Type: Venture M&A Deals 3 of 3
Country: Germany M&A 6 of 6
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-20 PlusDental

Berlin, Germany

PlusDental is a health-tech company, specializing in the digitalization of dental treatments as a digital dentistry platform. PlusDental has developed a digital platform for aesthetic orthodontic corrections and has already treated more than 20.000 patients together with its strong network of more than 110 local partner dentists. PlusDental is based in Berlin, Germany.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-22 Sherpany

Zürich, Switzerland

Sherpany is a meeting management software that aims at stopping the meeting madness of large and midsize enterprises. Experts in programming, design, and engineering gather forces to deliver agile meeting software. Sherpany was founded in 2010 and is based in Zürich, Switzerland.

Sell -