wefox

company

About

wefox provides digital insurance services.

  • 1001 - 5000

Details

Last Funding Type
Series C
Last Funding Money Raised
$650M
Industries
FinTech,Insurance,InsurTech,Software
Founded date
Jan 1, 2015
Number Of Employee
1001 - 5000
Operating Status
Active

wefox is a digital insurance company that sells own and third party products via human agents and not via direct channels. Through analytics, wefox achieves better loss ratios than the market. Technology allows wefox to have >90% straight-through-processing and a central product factory that ships product innovations internationally much quicker and more cost-effective than the competition.

Wefox has built up a network of thousands of digitally enabled advisors across Europe which increases customer satisfaction, reduces customer acquisition costs, increases cross-selling, and decreases churn.

Wefox was founded in 2015 and is based in Berlin, Germany.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
$0.91B
wefox has raised a total of $0.91B in funding over 2 rounds. Their latest funding was raised on Jun 1, 2021 from a Series C round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jun 1, 2021 Series C $650M 4 Detail
Dec 11, 2019 Series B $110M 1 Detail
Mar 6, 2019 Series B $125M 1 Detail
Sep 20, 2016 Series A $28M 3 Detail
Jan 12, 2016 Seed $5.50M 3 Detail

Investors

Number of Lead Investors
Number of Investors
5
wefox is funded by 5 investors. Partners Group and Speedinvest are the most recent investors.
Investor Name Lead Investor Funding Round
Partners Group Series C
Speedinvest Series C
Seedcamp Series C
ACE & Company Series C
AngelList Talent Series A