Corporate News

Hannover Digital Investments invests in Planck

The HDI Group is pleased to be investing in Planck, a start-up company based in the USA and Tel Aviv, through Hannover Digital Investments GmbH. Founded in 2016, Planck is providing an artificial intelligence (AI) driven data platform for commercial insurers. Leveraging deep industry expertise and breakthrough data science, Planck streamlines the commercial producing processes, providing real-time data insights for the entire small-and-medium business segments across the US. This way, the company enables commercial insurers to increase written premiums while reducing expense and loss ratios.

foto_planck_Planck-founders-(from-left-to-right--Elad Tsur,Amir Cohen, David-Schapiro)_Quelle Planck angeben

This is a Series B financing, which brings the total investment to USD 28 million. In addition to investors such as Viola FinTech, Arbor Ventures, Eight Roads and Nationwide, Hannover Digital Investments is now on board as a new investor. With the new financing, the company plans to further accelerate its expansion within the US market and into additional regions, starting with Germany in 2021.