On August 19, 2020, ELEMENT Insurance AG closed the transaction. The company amended terms of transaction on the same date and raised €16 million in its second tranche. The company raised €39 million in the transaction. The tranche included participation from new investor SFV - GB L.P.; a fund managed by Global Brain Co., Ltd. and returning investors Sony Financial Ventures Inc., returning investor FinLeap GmbH, SBI Investment Co., Ltd., and Versorgungswerk Zahnaerztekammer Berlin. The company has raised €50 million in funding till date.