🏆 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.
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.