Stay updated with breaking news from Wefox Insurance. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
German startup Wefox has raised a $650 million Series C funding round led by Target Global. Following this funding round, the company has reached a post-money valuation of $3 billion. Wefox is a digital insurer focused on personal insurance products, such as household insurance, motor insurance and personal liability insurance. “It’s much more than we […]
The German insurance tech company’s $650m capital injection will finance its push into the US and Asian markets.
European insurtech startup Wefox grabs $650 million at $3 billion valuation Read full article June 1, 2021, 12:30 AM·3 min read German startup Wefox has raised a $650 million Series C funding round led by Target Global. Following this funding round, the company has reached a post-money valuation of $3 billion. Wefox is a digital insurer focused on personal insurance products, such as household insurance, motor insurance and personal liability insurance. “It’s much more than we wanted to raise initially. It was a very fast process and essentially we were oversubscribed by 4x or so,” co-...
BERLIN – German insurance tech startup Wefox plans to launch a risk prevention product that will use data from smartphones and other connected devices to
German 'insurtech' Wefox plans risk-prevention product Douglas Busvine , By Douglas Busvine BERLIN (Reuters) - German insurance tech startup Wefox plans to launch a risk prevention product that will use data from smartphones and other connected devices to warn users of impending danger, its founder and CEO Julian Teicke told Reuters on Thursday. The product, to be called Wefox Prevent, is being developed by a Paris-based team recently hired from Samsung, the Korean electronics giant that has also backed Wefox, and is expected to go live next year. “We ...