wefox News

German Insurtech Wefox Raises $650M in Funding, Valuing Firm at $3B

BERLIN – Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called a record-breaking round for a so-called insurtech company that valued the business at $3 billion. The funding means Berlin-based Wefox …

German Insurtech Wefox Plans to Launch Product that Warns of Looming Danger

BERLIN – German insurance tech startup Wefox plans to launch a risk prevention product that will use data from smartphones and other connected devices to warn users of impending danger, its founder and CEO Julian Teicke told Reuters on Thursday. …

German Insurtech Startup Wefox Expects Profitable 2021

BERLIN – German insurance technology startup Wefox expects to achieve revenue of 300 million euros ($365 million) and be profitable at the operating level next year, its founder and CEO, Julian Teicke, said in an interview. In pursuit of that …

Europe Needs Its Own Approach to Coronavirus Tracing, Say German Tech Startups

Europe should not cede its sovereignty to Silicon Valley when it comes to using technology to help trace those at risk of coronavirus infection, the German developers of a smartphone app said on Tuesday. Apple and Google said last week …

Fast-Growing German Insurtech Wefox Raises $110 Million More

German insurance technology firm Wefox said on Wednesday it had attracted an additional $110 million of investment in its second funding round, bringing the total amount of money raised this year to invest in its expansion to $235 million. The …

Insurtech Firm Wefox Seeks New Funding with Softbank Among Investors: Sources

Wefox, one of Europe’s fastest-growing insurance technology firms, is close to settling on a new “triple-digit million” euro funding round, with Softbank’s Vision Fund among the suitors, three sources familiar with the negotiations said. One of the sources said Softbank …