Economy & Politics

ExclusiveInsurtech industry leader Wefox collects 100 million euros

A picture from pre-Corona times: Wefox booth at an insurance congressimago images / Cord

There was no lack of opportunity for the big announcement: Wefox founder Julian Teicke recently spoke to journalists from Business Insider and Reuters about the ambitious plans of his company. For the coming year, the Berlin-based Insurtech is aiming for sales of EUR 300 million, and this year the business should bring in at least EUR 100 million, according to the agency report. This means that the insurance provider, whose business consists of a broker platform and its own insurance company One, is already one of the top-selling financial start-ups in Germany.

What Teicke could have announced is a financing round of remarkable size: According to information from the financial scene and Finance Forward, Wefox raised at least 100 million euros from investors in September. The company only received almost 100 million euros from its donors last year.

You can find all the details of the secret mega-deal today on Finance Forward, the finance portal of Personal-Financial.com and OMR. You can register for the daily newsletter here.

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