Xaver Raises $5.6M Pre-Seed From Motive Partners And Cavalry Ventures

Germany-based fintech startup Xaver has recently unveiled its B2B AI platform for life insurance and private pensions, alongside securing €5M (approximately $5.6 million USD) in a pre-seed funding round. Led by Motive Ventures and Cavalry Ventures, this round marks Europe’s largest fintech pre-seed funding of 2024 to date. Xaver's platform, aimed at empowering banks, insurers, and brokers, leverages AI to enhance operational and sales efficiency by up to 65 per cent while addressing Europe’s pension gap.

Summary of transaction details:

• Property Type: N/A
• Transaction Amount: $5,600,000
• Investors: Motive Partners, Cavalry Ventures, The Delta
• Notable Investors: Former C-level executives from banks and insurers, Julian Teicke (Wefox), Raffaele Terrone (Scalapay)

Xaver has a mission to provide accessible, transparent, and cost-efficient pension savings. With CEO Max Bachem at the helm, Xaver aims to revolutionize the life insurance and pension sector through its AI-enabled sales and product platform. The company's comprehensive strategy has garnered significant attention, positioning it as a transformative force within the industry.