wefox

wefox is a developer of an online application for insurance brokerage. The company provides a Web-based service platform that combines insurance expertise with digital technology to enable consumers, brokers and insurance companies to manage their insurance products and processes.

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.

wefox was founded in Switzerland in November 2014 by Julian Teicke, Dario Fazlic, Fabian Wesemann and Teodoro Martino. The company is headquartered in Germany & succesfully operates in Germany, Austria, Spain, Switzerland. 

 

wefox has become a trusted digital home for the insurance industry. The company has already managed to acquire more than 250.000 customers and cooperates with more than 1.000 insurance brokers.

 

wefox is backed by leading investors including OMERS Ventures, Merian Chrysalis, Samsung Catalyst Fund, Mubadala Ventures, Mountain Partners, Salesforce Ventures, Horizons Ventures and others. The company raised $110M in a latest Series B extension round on Dec 11, 2019. This new round brings wefox's total funding to $268.5M to date.

 

wefox, with the latest round brings it's valuation to $1.65B there becomes a latest tech unicorn.

 

 

  • Year founded: 2014
  • Funding Info: $268.5M over 6 Rounds (Latest Funding Type: Series B+)- wefox has also acquired ONE Insurance Ltd. on Jun 26, 2017
  • Yearly Revenue: $40M-$70M (2019)
  • Employee Size: 51-200
  • Business Valuation: Valued at $1.65B, as of Dec 10, 2019
  • City/Town: Berlin
  • State: Berlin
  • Country: Germany
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