What is Wefox?
Wefox Holding AG is a European insurance technology company dedicated to revolutionizing insurance distribution and customer experience. The company develops digital platforms that facilitate seamless connections between insurers, brokers, and end-users, thereby enabling more intelligent risk assessment and streamlined policy management. By prioritizing partnership, transparency, and innovation, Wefox aims to deliver accessible and customer-centric insurance solutions across European markets, positioning itself as a key player in the digital transformation of the insurance industry.
How much funding has Wefox raised?
Wefox has raised a total of $1.1B across 5 funding rounds:
Series A
$125M
Series B
$235M
Series D
$510M
Debt
$55M
Other Financing Round
$177M
Series A (2019): $125M with participation from Mubadala Ventures
Series B (2019): $235M led by Samsung Electronics America, Merian Chrysalis, Sound Ventures, Salesforce Ventures, Target Global, Mubadala Ventures, Seedcamp, Idinvest Partners, Mundi Ventures, CreditEase, and Omers Ventures
Series D (2023): $510M supported by OMERS Ventures, Mubadala, LGT Group, Venture Horizon, and Squarepoint Capital
Debt (2023): $55M featuring UniCredit and Deutsche Bank
Other Financing Round (2025): $177M, investors not publicly disclosed
Key Investors in Wefox
UniCredit
UniCredit is a pan-European bank providing comprehensive financial services across Italy, Germany, Austria, and Central and Eastern Europe, focusing on digitalization and ESG principles.
Deutsche Bank
Deutsche Bank Aktiengesellschaft offers corporate and investment banking, private clients, and asset management products and services, operating through various segments including Corporate Bank and Investment Bank.
Samsung Electronics America
Samsung Electronics America (SEA) is a wholly-owned subsidiary of Samsung Electronics Co. Ltd., manufacturing and retailing a wide range of electronic products.
What's next for Wefox?
The substantial enterprise-level backing Wefox has received, including its recent major strategic investment, signals a strong trajectory for scaling its operations and enhancing its technological capabilities. This capital will likely be deployed to expand its market reach, further develop its digital platform, and potentially explore new product offerings or strategic partnerships. The company's focus on innovation and customer-centric solutions suggests a continued emphasis on leveraging technology to disrupt traditional insurance models and capture greater market share.
See full Wefox company page
