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HomeUncategorizedWefox: Raises $650 million in Series C funding round

Wefox: Raises $650 million in Series C funding round

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Wefox: Raises $650 million in Series C funding round

  • Wefox a digital insurer that combines innovative rates and experienced experts under one roof
  • Raised $650 million in a Series C funding round led by Target Global, according to the TechCrunch website
  • Focused on personal insurance products, such as insurance, motor insurance, and personal liability insurance
  • The funding round was oversubscribed by around four times, according to co-founder and CEO, Julian Teicke
  • New investors are cited as FinTLV, Ace & Co, LGT and its affiliated impact investing platform, Lightrock, Partners Group
  • With the app, customers have all insurance policies on their smartphone, with complete digital management of the contracts

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