June 1, 2021

wefox, Germany’s digital insurance unicorn, closes $650m Series C

BERLIN–(BUSINESS WIRE)–wefox, the Berlin-based digital insurance company has raised a record US$650 million for its Series C funding, resulting in a post-money valuation of US$3 billion. This round represents the largest Series C to date for an insurtech globally. wefox intends to invest the proceeds in expanding into the US and Asia within the next two years while strengthening its presence in its existing markets in Germany, Austria, Switzerland, and Poland. Target Global led the round, wit


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