wefox Group, the Berlin based platform designed to connect insurance providers with brokers and customers is gunning to take over the digital insurance industry. It was recently announced that Wefox has raised $125 million in Series B funding. The round of funding was led by Mubadala Ventures and Creditease. In August of 2018, wefox expanded into Italy after launching operations in Switzerland, Germany and Austria. And now with this fresh, new round of funding, wefox plans to move into the European broker market.
CreditEase FinTech Investment Fund (CEFIF) participated in wefox Group’s $125 million USD Series B funding helping wefox to accelerate growth. The founder and CEO of wefox, Julian Teicke, said, “Insurance is up for the most radical change, which presents a huge opportunity for us to connect all insurers globally through our platform and become the largest insurance company in the world.”
As the parent company of wefox and ONE Insurance, wefox Group focuses on innovating the insurance industry and become the largest insurance company in the world. wefox Group was founded by CEO Julian Teicke in 2015 alongside Fabian Wesemann, Teo Martino, and Dario Fazlic.