Corporate information
Official name
wefox Holding AG
Also known as
Wefox Group
Registration country
Company type
Online insurance platform helping customers compare different service providers and manage their existing contracts all in one place.Overview
The InsurTech-Startup, Wefox was founded in Switzerland in November 2014. It successfully operates across Germany, Austria and Switzerland. The Wefox-platform allows customers, brokers and insurance companies to digitally manage their insurance products. This is where the Wefox-App and Brokerportal come into play. Since the acquisition of the startup ONE, Wefox also offers its own insurance service. By combining advanced technology with traditional insurance consulting know-how, Wefox has grown its company to over 250,000 customers and more than 300 featured insurance companies in less than four years.
Funding rounds
Series C USD 650,000,000
USD 650,000,000 ( ) at USD 3,000,000,000 pre-money valuation
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
Target Global | International Venture Capital firm headquartered in Berlin. | Initial investment. Led the round. | |
|
Eurazeo | Initial investment. | ||
|
G Squared | Initial investment. | ||
|
Horizons Ventures | Venture capital firm owned by Hong Kong billionaire Li Ka-shing | Initial investment. | |
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|
Merian | Initial investment. | ||
|
|
Mountain Partners | Initial investment. | ||
|
Mubadala Development Co (Mubadala Investments) | The sovereign wealth fund of Abu Dhabi. | Initial investment. | |
|
OMERS Ventures | The venture capital investment arm of OMERS, one of Canada’s largest pension funds | Initial investment. |
Series B USD 125,000,000
USD 125,000,000 ( )
| Investor | Profile | Country | Notes | |
|---|---|---|---|---|
|
European Ventures Fund | Venture capital fund managed by Mubadala. | Led the round. | |
|
CreditEase Fintech Investment Fund (CEFIF) | |||
|
Goldman Sachs & Co | Investment bank | ||
|
|
H14 | |||
|
|
Horizons Ventures | Venture capital firm owned by Hong Kong billionaire Li Ka-shing | ||
|
Idinvest Partners SA |
N/A
( )
| Investor | Profile | Country | |
|---|---|---|---|
|
Speedinvest (Stefan Klestil) | Early-stage European venture capital firm. |
Investment activity status
Active investor