
Founded
Nov 2014
Address
wefox Germany GmbH
Berlin
Germany
Website
Industry
Business classification
VCID: 580896
Profile
Corporate information
Official name
wefox Holding AG
Also known as
Wefox Group
Registration country
Investment activity status
Active investor
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
Funding rounds
Series D USD 55,000,000
USD 55,000,000 (16 May 2023) at USD 4,500,000,000 valuation. Change in valuation: unchanged
Series D extension.
Investor | Profile | Country | Notes | |
---|---|---|---|---|
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Squarepoint Capital LLP | Initial investment. Round participant. |
Sources:
N/A USD 400,000,000
USD 400,000,000 (12 Jul 2022) at USD 4,500,000,000 valuation. Change in valuation: up round
Debt and equity.
Investor | Profile | Country | Notes | |
---|---|---|---|---|
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Mubadala Development Co | The sovereign wealth fund of Abu Dhabi. | United Arab Emirates | Follow-on investment. Led the round. |
Series C USD 650,000,000
USD 650,000,000 (31 May 2021) at USD 3,000,000,000 valuation. Change in valuation: unknown
Investor | Profile | Country | Notes | |
---|---|---|---|---|
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Target Global | International Venture Capital firm headquartered in Berlin. | Germany | Initial investment. Led the round. |
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Eurazeo | France | Initial investment. Round participant. | |
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G Squared Equity Management LLC | Global growth stage venture capital firm. | United States | Initial investment. Round participant. |
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Horizons Ventures | Venture capital firm owned by Hong Kong billionaire Li Ka-shing | Hong Kong SAR China | Initial investment. Round participant. |
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Merian | Initial investment. Round participant. | ||
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Mountain Partners | Initial investment. Round participant. | ||
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Mubadala Development Co | The sovereign wealth fund of Abu Dhabi. | United Arab Emirates | Initial investment. Round participant. |
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OMERS Ventures | The venture capital investment arm of OMERS, one of Canada’s largest pension funds | Canada | Initial investment. Round participant. |
Series B USD 110,000,000
USD 110,000,000 (11 Dec 2019) at USD 1,650,000,000 valuation. Change in valuation: unknown
Investor | Profile | Country | Notes | |
---|---|---|---|---|
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OMERS Ventures | The venture capital investment arm of OMERS, one of Canada’s largest pension funds | Canada | Initial investment. Led the round. |
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Merian Chrysalis Investment Co Ltd | Initial investment. Round participant. | ||
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Samsung Catalyst Fund | Initial investment. Round participant. |
Series B USD 125,000,000
USD 125,000,000 (6 Mar 2019)
Investor | Profile | Country | Notes | |
---|---|---|---|---|
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European Ventures Fund | Venture capital fund managed by Mubadala. | Led the round. | |
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CreditEase Fintech Investment Fund | Round participant. | ||
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Goldman Sachs & Co | Investment bank | United States | Round participant. |
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H14 | Round participant. | ||
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Horizons Ventures | Venture capital firm owned by Hong Kong billionaire Li Ka-shing | Hong Kong SAR China | Round participant. |
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Idinvest Partners SA | France | Round participant. |
(31 Dec 2016)
Investor | Profile | Country | Notes | |
---|---|---|---|---|
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Speedinvest | Early-stage European venture capital firm. | Austria | Stefan Klestil |
Change in valuation: unknown
Investor | Profile | Country | Notes | |
---|---|---|---|---|
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UBS AG | Diversified global financial services company, with its main headquarters in Basel and Zürich, Switzerland | Switzerland | Initial investment. Round participant. |
Change in valuation: unknown
Investor | Profile | Country | Notes | |
---|---|---|---|---|
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Salesforce Ventures | Salesforce's corporate investment group. | United States | Initial investment. Round participant. |
Change in valuation: unknown
Investor | Profile | Country | Notes | |
---|---|---|---|---|
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Jupiter Asset Management | Initial investment. Round participant. |
Change in valuation: unknown
Investor | Profile | Country | Notes | |
---|---|---|---|---|
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Seedcamp Investments LLP | Early stage mentoring and investment programme for European startups. | United Kingdom | Initial investment. Round participant. |
Investor | Profile | Country | Notes | |
---|---|---|---|---|
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Alma Mundi Ventures, SGEIC SA | Spain | Initial investment. Round participant. |
Change in valuation: unknown
Investor | Profile | Country | Notes | |
---|---|---|---|---|
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Verve Capital Partners AG | Switzerland | Initial investment. Round participant. |
Cap Table
Current and past shareholders
Investor | Contacts | Round | |
---|---|---|---|
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Alma Mundi Ventures, SGEIC SA |
N/A | |
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CreditEase Fintech Investment Fund |
Series B | |
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Eurazeo |
+33 (1) 4415-0111 |
Series C |
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European Ventures Fund Venture capital fund managed by Mubadala. |
Series B | |
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G Squared Equity Management LLC Global growth stage venture capital firm. |
Series C | |
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Goldman Sachs & Co Investment bank |
Series B | |
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H14 |
Series B | |
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Horizons Ventures Venture capital firm owned by Hong Kong billionaire Li Ka-shing |
Series B Series C |
|
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Idinvest Partners SA |
Series B | |
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Jupiter Asset Management |
N/A | |
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Merian |
Series C | |
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Merian Chrysalis Investment Co Ltd |
Series B | |
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Mountain Partners |
Series C | |
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Mubadala Development Co The sovereign wealth fund of Abu Dhabi. |
N/A Series C |
|
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OMERS Ventures The venture capital investment arm of OMERS, one of Canada’s largest pension funds |
+1 (416) 369-3720 |
Series B Series C |
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Salesforce Ventures Salesforce's corporate investment group. |
N/A | |
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Samsung Catalyst Fund |
Series B | |
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Seedcamp Investments LLP Early stage mentoring and investment programme for European startups. |
N/A | |
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Speedinvest Early-stage European venture capital firm. |
N/A | |
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Squarepoint Capital LLP |
Series D | |
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Target Global International Venture Capital firm headquartered in Berlin. |
Series C | |
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UBS AG Diversified global financial services company, with its main headquarters in Basel and Zürich, Switzerland |
N/A | |
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Verve Capital Partners AG |
N/A |