B

Baobab Risk Solutions

Cyber insurance with automated threat detection

Overview

Baobab Risk Solutions provides cyber protection for small and medium-sized enterprises by offering cyber insurance policies and automated threat detection. Their main product combines a comprehensive cyber insurance plan that covers financial losses from cyber-attacks with an automated surface scan service that detects security gaps and notifies clients so issues can be fixed within hours. They also support brokers by supplying risk reports for each client and a fully digital process to close deals, helping brokers sell policies more easily. Compared to competitors, Baobab differentiates itself by pairing insurance with a proactive defense service and by delivering strong broker support and a streamlined digital experience. The company’s goal is to help SMEs reduce cyber risk and financial exposure while making it straightforward for brokers to offer and sell cyber insurance.

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About Baobab Risk Solutions

Simplify's Rating
Why Baobab Risk Solutions is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsCybersecurityFinancial Services

Company Size

51-200

Company Stage

Series A

Total Funding

$20.4M

Headquarters

Berlin, Germany

Founded

2021

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Simplify's take

What believers are saying

  • June 2026 policy updates cut application questions to seven for €100 million revenue clients.
  • March 2026 Deep Scan added Dark Web Monitoring, triggering alerts on exposed credentials.
  • April 2026 rebrand to Baobab Risk Solutions added MDR and expanded Benelux distribution.

What critics are saying

  • Crowded broker distribution leaves Baobab vulnerable if rivals copy its preventive add-ons.
  • Optional MDR monetization signals weak willingness to pay for security, pressuring margins.
  • A severe claims spike from cloud outages or credential theft exhausts Lloyd's capacity within months.

What makes Baobab Risk Solutions unique

  • Baobab Risk Solutions bundles cyber insurance, Deep Scan, and MDR in one broker workflow.
  • By October 2026, Baobab supported more than 1,000 brokers across DACH and Benelux.
  • January 2026 SCOR capacity lifted coverage to €1 billion revenue and €10 million limits.

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Funding

Total Funding

$20.4M

Above

Industry Average

Funded Over

3 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Below Average

Industry standards

$15M
$8.2M
$13.2M
$15M
$30M

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