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Baobab
Cybersecurity insurance provider
- 21-100 employees
- B2B
- Security
- Insurance
- Cyber Security
- Mitte, Berlin, Germany
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Company mission
Baobab's mission is to protect all businesses from cyber attacks by insuring them through cyber security experts.
Our take
Most businesses are aware that cyber security software must be used to protect themselves against cyberattacks, but few are aware of the sheer variety of attacks present in today's digital landscape. This makes it increasingly difficult for businesses to equip sufficient protection, resulting in worldwide cyber attacks in 2021 alone costing over $6 trillion.
Baobab insures businesses for cyberattacks, using its team of cyber security experts to assess companies for risk, secure their business, and prevent financial loss. The company's approach to risk assessment not only protects companies against cyber threats themselves but also prevents them from having to spend time, money, and resources on evaluating their own cyber security stack.
Several other cyber security insurance companies seek to protect businesses from cyber threats, but Baobab has taken a unique approach by providing solutions for not just enterprises, but small businesses too. By taking care of this end-to-end process, Baobab is preventing businesses from having to spend time and resources on dealing with cyber security themselves, leaving them with more time to scale.
Kirsty
Company Specialist at Welcome to the Jungle
Benefits
- We are a rapidly-growing, highly innovative and ambitious startup, backed by leading institutional and private investors
- Opportunity to make a true impact on our journey to becoming the European market leader in cyber insurance
- Work directly with co-founders/senior leadership and have full access to everything that’s going on
- Challenging and supportive working culture, where you are expected to achieve something, but where you can learn a lot and have fun
- Long-term development perspective in a growing company
- Free coffee and fruit in our beautiful office in the heart of Berlin
Funding (2 rounds)
Jan 2023
$3.2m
EARLY VC
Jan 2022
$3.7m
SEED
Total funding: $6.9m
Leadership
Vincenz Klemm
(CEO)Graduated The Johns Hopkins University in 2015. Experience as co-founder of Gabi from 2016 to 2020. Co-founded Baobab as CEO in 2021.
Anton Foth
(CTO)Experience as Engineering Lead and CTO for BCG Digital Ventures. CTO of Coya from 2019 to 2021. Co-founded Baobab as CTO in 2021.