Tech Company Financing Transactions
wefox Funding Round
On 5/17/2023, wefox secured $4.5 million in funding from Barclays and JPMorgan Chase Bank.
Transaction Overview
Company Name
Announced On
5/17/2023
Transaction Type
Debt
Amount
$4,500,000
Round
Undisclosed
Investors
Proceeds Purpose
Wefox is streamlining its existing activities to reach profitability across all areas (distribution and insurance) as quickly as possible. At the same time, it is exploring this new platform business with the hope that it will become the most important business over time.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
Urbanstraße 71
Berlin, 10967
Germany
Berlin, 10967
Germany
Phone
Undisclosed
Website
Email Address
Overview
wefox was founded in 2015 by Julian Teicke, Fabian Wesemann, and Dario Fazlic. wefox is a category-defining insurtech platform that is connecting insurance companies, distributors, and customers, to give the world simple access to digital insurance solutions. The goal is to keep people safe by making insurance 10x better through technology. wefox is the parent company of wefox Insurance, which is the in-house regulated insurance carrier.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
President
Amir Suissa
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