With €4 million in funding, German InsurTech developer Enzo looks to tackle water damage with their novel sensor

Heidelberg-based Enzo, a startup protecting homes from water damage, has closed a €4 million Seed extension, bringing its total Seed funding to €6.2 million to develop Enzo’s AI platform, expand partnerships with insurers, and prepare for international expansion.

The round was co-led by EquityPitcher Ventures and the Start-up BW Innovation Fund & MBG BW, with additional participation from Silence VC and the impact angel network better ventures, including business angels Gloria Seibert, Martina Steiner-Samwer, Peter Krachten, and Robert Levenhagen.

“Our solution delivers dual value: economic efficiency through massive claim cost reductions, and ecological impact by preventing unnecessary repairs and CO₂ emissions,” says Sascha Wolf, Co-founder and CEO of Enzo. “With this new funding, we’ll continue advancing our technology, expanding existing partnerships, and preparing for international rollout.”

Enzo’s Seed funding follows comparable early-stage rounds such as muffintech’s €3.5 million Seed and Afori’s €4 million pre-Seed, both in Germany, highlighting strong domestic momentum in the sector. Larger rounds, such as Baobab Insurance’s €12 million Series A in Berlin and Seyna’s €10 million raise in France, indicate continued investor confidence across Europe.

Enzo’s focus on AI-powered IoT sensors for property insurance complements these developments by addressing risk prevention rather than claims management or brokerage.

“Enzo demonstrates how technological innovation can solve a billion-euro problem – while delivering measurable environmental and economic impact. The team combines deep industry expertise with a strong entrepreneurial drive. These are exactly the kind of Founders we look for at better ventures,” says Tina Dreimann, Co-founder and Managing Director of better ventures.

Founded in 2021 by Sascha Wolf and Marvin Follmann, Enzo is is a brand of SafeHome developing IoT- and AI-based solutions for the safe and sustainable use of drinking water in buildings. With its one.drop technology, Enzo digitally monitors water systems and reports defects to minimise damage and water loss.

Its solutions help residential insurers lower claim ratios and promote long-term sustainable water management.

“Water is one of the largest insured risks – and Enzo offers a unique technological and strategic solution to dramatically reduce the enormous volume of claims,” adds Andrea Silberschmidt-Buhofer of EquityPitcher Ventures.

According to the company, water damage is the costliest category in residential property insurance: in Germany alone, such incidents cause €5 billion in damage annually. Repairs also carry a significant burden, involving energy-intensive drying processes, material replacement, and high resource consumption.

Enzo’s proprietary, patented sensors can be retrofitted within minutes without professional  installation, reportedly achieving 40 times higher precision in water damage detection compared to conventional water meters. Insurers benefit from up to 70% lower claim costs, while property owners and the environment see significantly reduced resource use.

Enzo collaborates with leading insurers such as BarmeniaGothaer, Alte Leipziger, INTER, Hiscox, and SV SparkassenVersicherung. The technology is already being deployed in several countries.

Frank Hummler, Investment Manager at Start-up BW Innovation Fund, emphasises: “Enzo delivers a smart, end-to-end solution for a pressing challenge – especially for insurers. The combination of patented sensor technology and AI analytics creates clear differentiation and enormous growth potential. Enzo has what it takes to become a leading player in the market.”

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