German-based startup raises 850.000 EUR in pre-seed funding led by Atlantic Labs and Seedcamp
Berlin, April 23rd, 2018
Berlin-based startup Vantik has successfully raised 850.000 EUR in pre-seed funding for their private pension solution. The round includes support from leading European funds Atlantic Labs (Berlin) and Seedcamp (London) and high-profile angel investors including the likes of Maximilian Tayenthal, co-founder of German FinTech company, N26.
Vantik is the first startup to create a private pension customized especially to the needs of young people, young professionals, and freelancers. With this concept, Vantik wants to fundamentally change the private pension market in Europe. Vantik concentrates on digital technology and a newly developed model of a peer-based security buffer.
Vantik is the brain child of co-founders Til Klein, ex-BCG partner, and Lara Hämmerle. On the launch Lara, aged 26, comments, “From my generation’s view all existing private pensions are simply out of touch. We want to offer a private pension that’s finally understandable and will adjust flexibly to your current life situation.”
Til Klein, adds, “The high-profile investors we’ve attracted to this round shows the interest in the private pension market and its enormous potential. With Atlantic Labs, Seedcamp and Tayenthal behind us we are opened up to a wealth of experience and an amazing network to help us as we launch first in the German market before then taking Vantik worldwide.”
In contrary to traditional private pension products, Vantik is completely digital and adjustable to the needs of the user. Customers can change their savings rate at any time and are able to access their money whenever they want to. Also, they can close their private pension plan and administer it digitally.
Vantik uses the opportunity of the capital market to offer a significantly better return while sustaining lower costs than any life insurance. And thanks to the peer-based security buffer all customer contributions are secured at retirement. This buffer creates a hedge against the risk of potential loses at a much lower cost than any insurance or individual solution.
The early-stage fund Atlantic Labs from Berlin, founded by serial founder and investor Christophe Maire, has invested mostly in B2C-startups like Clue, EyEm, and Soundcloud. „It’s about time that private pensions are finally fitted to the needs of customers“, says Atlantic Labs partner Dr. Marc-Olivier Lücke, CFA. „The private pension market is ready for disruptive business models“.
The London-based European seed fund, Seedcamp, has supported over 250 startups in the last 10 years, including European unicorns like Transferwise and UiPath. On the investment, Seedcamp Partner, Sia Houchangnia comments, “We’ve been looking for innovations around the way Europeans save for retirement for a while and with Til and Lara, we believe we found the perfect team to go after this huge untapped opportunity. By offering a flexible and reliable digital, private pension, Vantik perfectly fits the needs of millennials and the way the future of work is shaping up.”
Vantik is Europe’s first mobile pension plan. It is entirely flexible and can be completed and managed completely on a smartphone. The Berlin-based startup was founded in 2017 by the former BCG partner and UBS-banker Til Klein. The startup is financed by, amongst others, Atlantic Labs, StS Ventures and Seedcamp, as well as notable Angel investors such as the co-founder of N26 Maximilian Tayenthal.