Peter Thiel's VC company is doubling down on a German insurance startup

Coya/Christian Manthey Photography ©

• Peter Thiel's Valar Ventures leads $30 million funding round for Berlin's Coya.
• The German startup is hoping to build a digital insurance platform pitched at millennials.
• The funding will support it getting licensed and it hopes to launch its product later this summer.
  

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LONDON — Peter Thiel's Valar Ventures has led a $30 million funding round into Germany insurance technology startup Coya.

It's Valar's second investment in the company. Valar, Thiel's early-stage venture capital company, took part in a $10 million funding round for Coya last August. e.ventures, La Famiglia, and yabeo also took part in the latest round.

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