German digital insurer Wefox has secured $110 million in fresh funding from investors including JPMorgan and Barclays

[{"selector":"#anim-e70fd7df-229e-431a-8332-974017478ca6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-231bab56-1e8f-4fd3-92c9-78115d364b12","keyframes":{"transform":["translate3d(-112.01202%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bd6d34fb-d8f4-4ca9-a232-805add144b20","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e31eaad0-beb7-40a0-b93c-0090718b0fc6","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-ae8340af-dfad-498c-be91-666a873dd3a6","keyframes":{"transform":["translate3d(117.37704%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6924974b-e06e-4824-bb95-12641fd004fe","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6e8677cf-8d3d-436b-b079-9fe60ab290c3","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] The investment demonstrates confidence in the insurance technology sector despite challenging macroeconomic conditions

[{"selector":"#anim-29acb276-a828-48b6-8752-20514ee1eb3e","keyframes":{"transform":["translate3d(-112.01202%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-563020ef-2652-497b-b6b6-6410b4afe9f2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9fa8f3f9-6d71-4d6e-bf33-0c680973f2bd","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-ac426631-7303-4e91-b23a-bafaad4b626d","keyframes":{"transform":["translate3d(117.37704%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-78f279c4-1c2e-46ae-9a18-d6ed2d724762","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-85de0cce-98a6-41a3-8baf-b447dbf625c4","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-a63466a7-f876-4acb-af71-f36a7c0bf4e2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Wefox, based in Berlin, specializes in personal insurance products such as home insurance, motor insurance, and personal liability insurance

[{"selector":"#anim-f985e025-a8a0-4c5a-86cd-0bd679873dc4","keyframes":{"transform":["translate3d(-112.01202%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5a7ecd7e-f0b5-4cb4-a1f0-b8277738441c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-572089ef-11db-4dfb-961c-1748244d8aa9","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-75da2c34-c5f0-4585-8eb2-3b0450df27d5","keyframes":{"transform":["translate3d(117.37704%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-47ec47e3-2108-4517-906b-372e0149994b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c38ceefb-fc16-4b73-a62e-94f982b0977f","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-6c950731-04de-4c06-b6f8-952b9a4142f1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Rather than handling claims itself, Wefox connects users with brokers and partner insurance firms through its online platform Join our group

[{"selector":"#anim-559ebba7-dbe8-4d55-937e-25f039eabded","keyframes":{"transform":["translate3d(-112.01202%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-211c2e64-f600-4b37-92bd-41e204d8e13b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ca68abcb-c828-43db-aacf-736ea2f73de7","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-fccfc2bf-2542-45da-ba53-86f065ebdce7","keyframes":{"transform":["translate3d(117.37704%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3fcdb770-6b40-4534-9fbe-ef60bc4d2c73","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e1473901-e795-46b8-bc60-f03b76acd75f","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-7c2542fd-8d58-4a2f-a91c-018c25e59ae9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Established in 2015, Wefox faces competition from companies like Lemonade and GetSafe, as well as traditional insurance providers like Allianz Join our group

[{"selector":"#anim-b7396608-d52d-4a73-a98f-b86291c9a73d","keyframes":{"transform":["translate3d(-112.01202%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-349aa80e-add3-4bbc-89fb-fcf981e46da1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8ef56814-c92c-4db0-948d-2d1748e5aab6","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-8cec6b96-d1d8-4d48-b121-0d60f6fcb5a8","keyframes":{"transform":["translate3d(117.37704%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-860914ea-33eb-4182-b20a-b8286d37262c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e640acf4-2ce1-4c25-a9b5-347121e94ba0","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-fedce3cf-8208-47d5-9d55-cb43a7741700 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(11.095528812805528%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The funding consists of a $55 million credit facility from JPMorgan and Barclays, as well as a $55 million equity investment led by Squarepoint Capital Join our group

[{"selector":"#anim-f6034422-6fb3-4ee7-8ec2-8c5e0943da72","keyframes":{"transform":["translate3d(-112.01202%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b709e5ed-4a78-4304-a9af-3558aa1e1d19","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5031ec60-3010-4a0e-9357-15d124896d31","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-19bb2da8-83e8-4482-b909-a99339da2efe","keyframes":{"transform":["translate3d(117.37704%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-92609473-8a78-40f3-9744-f803ee23c298","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ac37d160-b933-424b-b57c-e8a772d34ed0","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-483813a2-bf46-4fbf-aa18-5150bb3de753 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Wefox's CEO and co-founder, Julian Teicke, highlighted the unique nature of the financing Join our group

[{"selector":"#anim-13d4ecb8-0ae1-4314-ab15-b8e8cfdeb90f","keyframes":{"transform":["translate3d(-112.01202%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-51547d36-8a02-4ad2-9318-fe195cbac122","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d029c931-00d5-4037-9eac-9190e1d471ed","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-9315a892-007c-4a4e-a653-e91348dd8467","keyframes":{"transform":["translate3d(117.37704%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f28b6f05-dc72-4515-9b81-0ef68bd58af8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-efcc9efd-fc75-457f-9c16-f686dd4d7351","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-4ee1eff1-2a64-4679-a31d-06e45305aedc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The valuation of Wefox remains at $4.5 billion, maintaining its value from a previous funding round in July Join our group

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