Baobab Insurance

Baobab Risk Solutions (legal entity Baobab Insurance GmbH) combines insurance with cybersecurity services. Its offering includes a Deep Scan risk analysis, Dark Web Monitoring, phishing simulations and awareness training, Baobab MDR with EDR technology, and incident response management, alongside three insurance products: Cyber Safe, crime insurance and oneIT-protect IT liability insurance.

Customers are companies with turnover of up to €1 billion and insurance sums of up to €10 million. The products are distributed through more than 1,000 broker partners, and the website states that policies are offered with a short application process and data-based premiums.

The company was founded in 2021 by Vincenz Klemm and Anton Foth and is headquartered in Berlin. It reports a seed financing of €5 million in 2023 and Series A financing of €12 million in 2025, and says it has expanded to Austria and the Benelux market. The website lists 50+ employees and open roles including incident responders, a broker manager for Belgium, a business development specialist and a founder's associate.

Product: Cyber Safe cyber insurance, crime insurance and oneIT-protect IT liability insurance, combined with Deep Scan, Dark Web Monitoring, Baobab MDR and incident response services.