Earlier this week blockchain firm Next Big Thing (NBT)
announced that industrial insurer HDI Global has joined its €12 million Series A funding round. The German companies aim to collaborate on the Internet of Things (IoT) and blockchain projects.
The quoted Talanx insurance group is investing via its subsidiary HDI. Talanx has a market capitalization of €8.9 billion and owns 50.2% of the world’s number four reinsurer, Hannover Re. The German reinsurer is an
investor in
blockchain insurance company B3i and part of the
Chinese reinsurance consortium.
NBT’s announcement claims that this cooperation between blockchain / IoT venture builder and industrial insurer “is considered a novelty in the industry”. A leading investor in this round, HDI plans to further their data-driven models by actively taking part in Machine Economy focused tech ventures.
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