🏆 Deal of the Week · CW 19/2023
wefox raised USD 55 million in a Series D round, with valuation remaining undisclosed, as announced in May 2023. The round was led by Squarepoint Capital. The financing included a USD 55 million credit facility arranged in conjunction with J.P. Morgan and Barclays.
wefox — key deal facts
| Company | wefox |
| Founded | 2015 |
| Headquarters | Berlin, Germany |
| Amount raised | USD 55M |
| Valuation | Valuation Remains Undisclosed |
| Round | Series D |
| Investors | Squarepoint Capital (https://www.squarepoint-capital.com/) |
| Sectors | InsurTech |
Who invested in wefox?
The Series D was supported by Squarepoint Capital, a quantitative investment firm, marking a notable crossover of institutional asset-management capital into the InsurTech space. The involvement of Squarepoint Capital alongside a structured credit facility from major global banks J.P. Morgan and Barclays signals confidence in wefox's balance-sheet structure and long-term revenue visibility. This blended equity-and-credit approach reflects a sophisticated capital strategy for a late-stage InsurTech operator.
What does wefox do?
wefox is a Berlin-headquartered InsurTech platform founded in 2015 by Julian Teicke, Fabian Wesemann, and Dario Fazlic. The company connects insurance providers, distributors, and end customers through a unified digital infrastructure, offering smart insurance distribution and managing general agent (MGA) services. Its core products include the wefox platform for brokers and advisers, a consumer-facing mobile app, and the in-house carrier ONE. The platform serves over 2 million customers and operates leading digital distribution networks in Austria, the Netherlands, and Switzerland.
wefox valuation & multiples
No existing multiples data was provided for this deal. Valuation-based multiples analysis cannot be completed given that the valuation remains undisclosed. For context on EV/Sales and EV/EBITDA benchmarks applied to comparable InsurTech and digital insurance businesses, visit the Venionaire DealMatrix InsurTech sector multiples pages.
Explore the benchmarks: Series D.
Frequently asked questions
How much did wefox raise in its Series D?
wefox raised USD 55 million in its Series D round, announced in May 2023.
What is wefox's valuation?
wefox's valuation in connection with this Series D round remains undisclosed.
Who invested in wefox?
The Series D was supported by Squarepoint Capital, alongside a credit facility from J.P. Morgan and Barclays.
When was wefox founded and where is it based?
wefox was founded in 2015 and is headquartered in Berlin, Germany.
Source: original announcement — read the full report.