ELEMENT Insurance AG announced that it has received €23 million in its series A round of funding on November 29, 2018. The transaction included participation from new investors SBI Investment Co., Ltd., SBI Insurance Group Co., Ltd. (TSE:7326), Engel & Völkers Capital AG, Alma Mundi Ventures, SGEIC, S.A., returning investors SIGNAL IDUNA Holding AG, and FinLeap GmbH.