wefox is a German insurtech platform established in 2015, with the slogan "Empowering Insurance." Founded by Julian Teicke, Fabian Wesemann, and Dario Fazlic, wefox aims to revolutionize the insurance industry by connecting insurance companies, brokers, businesses, and customers through digital solutions. The company's vision is to simplify access to insurance solutions, making insurance 10x better and empowering the entire insurance ecosystem. The latest investment of $55.00M Debt Financing was secured on 03 November 2023 from Deutsche Bank and UniCredit. wefox operates within the Financial Services, Fintech, Insurance, Insurtech, and Internet sectors, and its innovative approach enables insurance companies to launch new products across diverse distribution channels, while empowering brokers to focus on their advisory role. Additionally, wefox empowers businesses by offering embedded services to provide insurance solutions and strives to empower customers to pursue their dreams while feeling safe and secure.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Venture Round | €25.00M | - | 28 Jun 2024 | |
Debt Financing | $55.00M | 2 | 03 Nov 2023 | |
Debt Financing | $55.00M | 2 | JP Morgan | 17 May 2023 |
Series D | $400.00M | 9 | LGT group | 11 Jul 2022 |
Series C | $650.00M | 10 | Mubadala Capital Ventures | 01 Jun 2021 |
Seedcamp's sixth session secures $180 million
The state of Insurtech Europe 2023 FY