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German InsurTech Enzo secures €4m to scale tech

German InsurTech and PropTech startup Enzo has raised a further €4m in a Seed extension round, taking its total Seed funding to €6.2m.

The round was co-led by EquityPitcher Ventures and the Start-up BW Innovation Fund, alongside MBG BW, according to Beinsure.

Silence VC also participated, as did the impact-focused angel network better ventures, with individual backing from Gloria Seibert, Martina Steiner-Samwer, Peter Krachten and Robert Levenhagen.

Enzo said the funding will be used to advance its AI-driven platform, deepen collaboration with existing insurance partners and lay the groundwork for expansion beyond its current markets.

Founded in 2021 by Sascha Wolf and Marvin Follmann, Enzo builds AI- and IoT-based systems designed to prevent water damage in buildings.

Its technology combines smart leak-detection sensors with a digital insurance layer, aiming to reduce both the financial impact of claims and the environmental cost of repairs.