Heidelberg-based InsurTech and PropTech startup Enzo has closed a €4mn Seed extension, lifting total Seed funding to €6.2mn.
The capital will fund further development of Enzo’s AI platform, deepen partnerships with insurers, and support preparations for international expansion. Growth, but with guardrails.
The round was co-led by EquityPitcher Ventures and Start-up BW Innovation Fund together with MBG BW.
Additional backing came from Silence VC and the impact angel network better ventures, including Gloria Seibert, Martina Steiner-Samwer, Peter Krachten, and Robert Levenhagen.
Enzo develops AI- and IoT-based technology to prevent water damage in buildings. Its core product combines smart leak-detection sensors with a digital insurance offering, aiming to cut claim costs for insurers while reducing water waste and structural damage in homes and other properties.
Sascha Wolf, Enzo’s co-founder and chief executive, says the product targets both claim economics and sustainability. He points to lower loss severity on the insurer side and avoided repairs, emissions, and waste on the environmental side.
With the new funding, Wolf says the company will keep pushing its technology stack, broaden existing insurer relationships, and line up an international rollout. Ambition, clearly stated.
Our solution delivers dual value: economic efficiency through massive claim cost reductions, and ecological impact by preventing unnecessary repairs and CO₂ emissions.
Sascha Wolf, Co-founder and CEO of Enzo
“With this new funding, we’ll continue advancing our technology, expanding existing partnerships, and preparing for international rollout,” says Sascha Wolf.
The raise sits alongside a run of early-stage insurtech deals in Germany. Recent rounds include muffintech’s €3.5mn Seed and Afori’s €4mn pre-Seed.
Larger tickets elsewhere, such as Baobab Insurance’s €12mn Series A in Berlin and Seyna’s €10mn raise in France, suggest investor appetite across Europe hasn’t thinned.
Enzo’s angle differs. The company focuses on prevention rather than claims handling or distribution. Its AI-powered IoT sensors aim to stop water losses before adjusters ever get involved.
That shift matters for loss ratios, and maybe more.
Tina Dreimann, co-founder and managing director of better ventures, frames Enzo as a response to a billion-euro problem with measurable economic and environmental upside.
She points to the team’s mix of insurance know-how and entrepreneurial pace. According to her, that combination fits exactly what the fund looks for. Strong words, but investors like clarity.
Enzo demonstrates how technological innovation can solve a billion-euro problem – while delivering measurable environmental and economic impact. The team combines deep industry expertise with a strong entrepreneurial drive.
Tina Dreimann, Co-founder and Managing Director
“These are exactly the kind of Founders we look for at better ventures,” says Tina Dreimann.
Founded in 2021 by Sascha Wolf and Marvin Follmann, Enzo operates as a brand of SafeHome. The group develops IoT- and AI-based tools aimed at safer, more efficient use of drinking water in buildings.
Its one drop technology monitors water systems digitally and flags defects early, reducing damage and loss.
For residential insurers, the pitch centers on claim ratios. For property owners, it’s about fewer repairs and lower disruption. For everyone else, less wasted water.
Andrea Silberschmidt-Buhofer of EquityPitcher Ventures calls water one of the largest insured risks and argues Enzo offers a rare mix of technical depth and strategic relevance. She says the platform can materially cut claim volumes that still weigh heavily on carriers.
Water is one of the largest insured risks – and Enzo offers a unique technological and strategic solution to dramatically reduce the enormous volume of claims.
Andrea Silberschmidt-Buhofer of EquityPitcher Ventures
According to Enzo, water damage ranks as the most expensive loss category in residential property insurance. In Germany alone, annual damage reaches about €5bn. Repairs often require energy-heavy drying, material replacement, and high resource consumption. The cost runs past balance sheets.
Enzo says its patented sensors can be retrofitted in minutes without professional installation. Detection precision, the company claims, runs up to 40x higher than standard water meters.
Insurers report claim cost reductions of as much as 70%. Property owners and the environment see lower resource use. That’s the theory. Early deployments suggest it’s working.
The company already works with insurers including BarmeniaGothaer, Alte Leipziger, INTER, Hiscox, and SV SparkassenVersicherung. The technology is live in several countries.
Frank Hummler, investment manager at the Start-up BW Innovation Fund, says Enzo delivers an end-to-end solution insurers actually need. He points to the combination of patented hardware and AI analytics as a clear differentiator, with room to scale.
According to Beinsure analysts, prevention-focused insurtechs like Enzo may find it easier to convert insurer interest into long-term contracts. That’s the bet this round is backing.
