Baobab was founded in 2021 by Anton Foth (CTO) and Vincenz Klemm (CEO). Both already successfully founded different startups and now decided to cooperate to rethink the world of cyber insurance.
Anton and Vincenz both worked in the insurance sector and witnessed the sudden rise of cyber attacks over the years.
After they met and brainstormed how to tackle this problem, they came up with the idea to combine cyber security and insurance.
Thus, they founded their own company: Baobab. Just like the tree, Baobab stands for security and support in any circumstances.
Baobab has raised over 8.5 million euro in venture capital funding from top investors including Project A, La Famiglia VC, and Discovery ventures.
We are happy to have a strong and sustainable partner, Zurich Insurance plc Niederlassung für Deutschland, part of Zurich Insurance Group which has a stable AA rating (S&P) and is one of the top 25 world's largest insurers.
