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Wefox, Germany’S Digital Insurance Unicorn, Closes $650M Series C

Jun 01, 2021about 4 years ago

Amount Raised

$650 Million

Round Type

series c

Berlin

Description

wefox, the Berlin-based digital insurance company has raised a record US$650 million for its Series C funding, resulting in a post-money valuation of US$3 billion. This round represents the largest Series C to date for an insurtech globally.

Company Information

Company

wefox

Location

Berlin, Maryland, United States

About

wefox was founded in 2015 by Julian Teicke, Fabian Wesemann, and Dario Fazlic. wefox is a category-defining insurtech platform that is connecting insurance companies, distributors, and customers, to give the world simple access to digital insurance solutions. The goal is to keep people safe by making insurance 10x better through technology. wefox is the parent company of wefox Insurance, which is the in-house regulated insurance carrier. wefox redefines insurance and makes insurance 10x better to make people be safe. Our founder and CEO Julian Teicke had a clear vision from the beginning: a company based on trust, clarity, and cohesion. We are a strong collective of experts from all disciplines: insurers and tech companies, consultants and programmers, dreamers and doers, misunderstood geniuses, and bold rebels. All follow the mission of changing the world for the better. wefox is here to change insurance forever. Because insurance is beautiful. It covers what matters most. It's about lives and livelihoods, about better chances and second chances. For all of us.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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