Helvetia invests in software company

The insurance firm Helvetia is investing in baimos technologies GmbH through its subsidiary Helvetia Venture Fund. The German company provides software for the digital management of access and locking systems using smartphones.

Helvetia Headquarters
The insurance firm Helvetia is investing in software company. (picture: Helvetia)

Helvetia Venture Fund is participating in a financing round for baimos technologies. According to a Helvetia statement, the Munich-based company developed a piece of software called BlueID, which turns mobile devices and smartphones into keys for properties, vehicles and parcel boxes. This makes it possible to activate and deactivate access in a quick and simple manner for certain periods and individuals. 

“The management of access to facilities and properties is a topic of major significance for insurance companies when it comes to the active management of risks. BlueID allows for completely new business models and insurance products using a technology that is currently unparalleled on the market,” Michael Wieser, a Helvetia Venture Fund partner, said in the statement. 

Typical areas where BlueID can be used include hotels, delivery services and sharing economy business models such as car sharing.

Helvetia Venture Fund, a wholly owned subsidiary of Helvetia Schweizerische Versicherungen AG, invests in start-ups from the insurtech segment and in companies whose business models link to or support the insurance industry.

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