Estonian Plural invests in German insurtech startup Feather

Estonian venture fund Plural has invested in German Feather, an insurance startup for expats. The company has raised €6M. Keen Venture Partners and senior executives from Allianz, AXA, and Bastian also participated in the deal. 

Feather was founded in 2018 by Rob Schumacher and Vincent Audoire. The company has developed a platform to serve the more than 50M expats living and working in Germany, France, and Spain, all of whom need different types and levels of insurance coverage. The startup partners with insurance companies and fully manages the insurance process - from policy documentation to claims handling.

The investment will accelerate its expansion into new European markets. The platform is expected to be launched in three more countries by the end of 2024.

Founded in 2022 by Sten Tamkivi, Taavet Hinrikus, Ian Hogarth, and Khaled Helioui, Plural focuses on leading early-stage rounds between €1M and €10M. In 2023, a new partner, AI-driven biotech HelixNano founder, and VC investor Carina Namih joined Plural. The fund has its own rule that requires all of Plural's partners to make personal co-investments in the deals they lead.