wefox Revenue, Valuation, Funding & Investors
wefox is valued at $4.6B as of November 2023, a 5.4x multiple on its last reported $850M revenue.
Last wefox valuation
$4.6B
Undisclosed stage · Nov 2023
Last wefox funding round
$87M
Undisclosed stage · Jul 2025
wefox revenue
$850M
Undisclosed stage · Nov 2023
Key investors in wefox
Target Global
Horizons Ventures
Mubadala
OMERS Ventures
Chrysalis Investments
The Delta
About wefox
wefox is a Berlin-headquartered insurtech platform that links insurers, brokers, businesses, and customers across Europe for digital policies in health, liability, and disability lines. Operating in Germany, Italy, Poland, and Switzerland, it provides policy management, claims processing, and instant quotes through a broker-focused model. The company serves over 700,000 customers via its app and web interface.
Founded
2015
HQ
BerlinWebsite
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Commission
Revenue
$850M (Nov 2023)
Valuation
$4.6B (Nov 2023)
wefox Valuation
wefox is currently valued at $4.6B, based on its undisclosed-stage round in November 2023.
The $55M round was led by Deutsche Bank and UniCredit.
wefox's valuation has grown 4.1x from $1.1B at its Series B in March 2019 to $4.6B in November 2023, across 6 priced rounds.
wefox valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Nov 2023 | Undisclosed stage | $4.6B | 5.4x |
| May 2023 | Series D | $4.5B | 12.9x |
| Jul 2022 | Series D | $4.5B | 7.5x |
| May 2021 | Series C | $3B | 21.4x |
| Dec 2019 | Series B | $1.6B | 16.5x |
| Mar 2019 | Series B | $1.1B | 11.0x |
wefox Revenue
wefox's latest recorded revenue is $850M, as of its undisclosed-stage round in November 2023. At a $4.6B valuation, that implies a 5.4x revenue multiple.
Revenue grew from $100M in March 2019 to $850M in November 2023, while the revenue multiple moved from 11.0x to 5.4x.
wefox revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Nov 2023 | $850M | $4.6B | 5.4x | Undisclosed stage |
| May 2023 | $350M | $4.5B | 12.9x | Series D |
| Jul 2022 | $600M | $4.5B | 7.5x | Series D |
| May 2021 | $140M | $3B | 21.4x | Series C |
| Dec 2019 | $100M | $1.6B | 16.5x | Series B |
| Mar 2019 | $100M | $1.1B | 11.0x | Series B |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
wefox Funding History
wefox has raised a total of $1.6B across 12 funding rounds.
wefox's first fundraising round was a $6M seed round in January 2016. The most recent completed round was a $87M undisclosed-stage round in July 2025.
wefox funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2025 | Undisclosed stage | - | $87M | - | wefox, a European insurtech founded in 2015, secured EUR 151 million in funding on July 7, 2025, comprising a EUR 76 million capital raise from existing investors and EUR 75 million refinancing of a credit facility from Searchlight Capital Partners’ Searchlight Opportunities Fund II. This followed a business restructuring that included selling its Liechtenstein-based wefox Insurance AG and Italian entities wefox MGA S.r.l. and wefox Services Italy S.r.l. The funding supports expansion of its asset-light Managing General Agent (MGA) model and smart insurance distribution in core markets Austria, Netherlands, and Switzerland, with plans for international growth and profitability by end of 2025. In Austria, wefox operates the most advanced digital platform for retail insurance brokers, positioning it as the leading wholesale broker. In the Netherlands, under the TAF brand, it holds the #1 position in the term-life market with a full-service MGA model. In Switzerland, it ranks as a top player in retail insurance distribution, expanding holistic risk advice for individuals. The company aims to strengthen insurer partnerships and scale local platforms for sustainable revenue growth and margin expansion. Board changes accompanied the refinancing, with Searchlight partner Prateek Puri and CEO Joachim Müller joining, while founder Julian Teicke and others departed. wefox leverages technology for broker-centric insurance distribution, automating processes and enhancing transparency. This round builds on prior funding, including a 2022 Series D at $4.5 billion valuation and a $110 million Series D extension, shifting focus to MGA services post-restructuring. |
| Dec 2024 | Undisclosed stage | Chrysalis Investments (lead); Target Global (lead) | $79M | - | wefox recapitalised at the turn of 2024 and 2025 with EUR 76 million of fresh equity from existing shareholders led by Chrysalis Investments and Target Global, alongside EUR 75 million of debt refinancing from Searchlight Capital Partners' Searchlight Opportunities Fund II; the company announced the completed EUR 151 million package on 10 July 2025. Chrysalis put EUR 20 million, or GBP 16.6 million, into the equity leg in December 2024 and said it benefited from a preferential capital enhancement available to participating investors, which improved its position in the capital structure and contributed roughly 6 pence per share to net asset value over its financial year. Alongside the raise, wefox agreed in December 2024 to sell its Liechtenstein underwriting subsidiary wefox Insurance AG to a Swiss consortium led by the pension services provider BERAG, and completed a run-off transfer of legacy motor, liability and property policies to DARAG Group in January 2025. Following the refinancing, Searchlight partner Prateek Puri and chief executive Joachim Muller joined the board while the founders stepped off it. wefox now runs an asset-light managing general agent and distribution model concentrated on Austria, the Netherlands and Switzerland. |
| Jun 2024 | Undisclosed stage | - | $27M | - | wefox, a Berlin-based insurtech platform focused on digital insurance distribution via an asset-light Managing General Agent (MGA) model, secured €25 million in fresh capital around June 2024 from investors including Chrysalis Investments and Target Global to support its ongoing restructuring efforts. This followed a period of operational streamlining, including job cuts, office closures, and sales of non-core assets like its Liechtenstein-based wefox Insurance AG and Italian entities. The funding aimed to stabilize the company amid past insolvency concerns and high prior valuations. The June 2024 round built on previous investor support, with investors reaffirming commitment to wefox's transformation into a smart insurance distribution business, particularly strong in markets like Austria, where it leads as a wholesale broker with an advanced digital platform for retail insurance brokers. Operations continue in key regions including the Netherlands and Switzerland, emphasizing partnerships with risk carriers and downstream brokers rather than direct competition. Post-June 2024, wefox announced additional funding in July 2025: €151 million total, comprising €76 million equity from existing investors and €75 million refinancing from Searchlight Capital Partners. This supported international MGA expansion and path to 2025 profitability. Board changes included new CEO Joachim Müller and Searchlight's Prateek Puri joining, with founders like Julian Teicke departing. |
| Nov 2023 | Undisclosed stage | Deutsche Bank (lead); UniCredit (lead) | $55M | $4.6B | Wefox is a Berlin-based insurtech founded in 2015, operating as a full-stack digital insurance company that sells personal insurance products through intermediaries and brokers rather than directly to consumers. It focuses on markets including Germany, Switzerland, Austria, Italy, Poland, and the Netherlands, with plans for further expansion via acquisitions in countries like France, Spain, and the UK. The company emphasizes insurance distribution partnerships, now boasting over 4,000 partners, and invests in technology platforms including AI. In early November 2023, Wefox secured $55 million in convertible debt financing from Deutsche Bank and UniCredit, structured to convert to equity in the next funding round, at an unchanged post-money valuation of $4.5 billion. This brought the company's total funding for 2023 to $160 million, following a $55 million equity extension of its 2022 $400 million Series D in May and a $55 million credit facility from JP Morgan and Barclays. CEO Julian Teicke highlighted the deal as a vote of confidence amid a shift from hypergrowth to profitability, involving tough decisions like pausing projects and scaling back segments. The funds aim to fuel global expansion through M&A and AI investments, supporting Wefox's transformation. Wefox had previously raised $650 million in a Series C at a $3 billion valuation in 2021. |
| May 2023 | Series D | Squarepoint Capital (lead) | $55M | $4.5B | Wefox is a Berlin-based insurtech company founded in 2015 that operates a two-sided platform combining direct-to-consumer insurance products with a distribution network linking customers to insurance brokers. The company works with approximately 300 insurance carriers and has built a network of 4,000 distribution partners, serving 2.5 million customers across Europe. On May 17, 2023, Wefox closed a $110 million second close of its Series D funding round at a maintained valuation of $4.5 billion, comprising $55 million in equity from existing investors and new backer Squarepoint Capital, alongside a $55 million revolving credit facility from JP Morgan and Barclays. In Q1 2023, the company reported doubling its revenue and profit margins compared to Q1 2022, demonstrating a shift toward profitability after previously prioritizing growth. The company's business model is primarily driven by its distribution business, with approximately €2 billion in total insurance premiums flowing through the platform, of which €200 million came from Wefox's own insurance operations and the remainder from third-party carriers. |
| Feb 2023 | Undisclosed stage | Chrysalis Investments | - | - | Chrysalis Investments invested GBP 3.6 million in wefox in February 2023 as part of a wider funding round intended to help the insurtech drive towards profitability. It was one of six follow-on investments Chrysalis made in its portfolio during the year to 30 September 2023, a period in which the trust made no new investments and funded support for existing holdings out of realisations. wefox distributes insurance through tied and independent brokers supported by its own technology platform and earns commission on the policies sold across it, operating principally in Germany, Austria, Switzerland and Italy at the time. Founded in 2015 by Julian Teicke, Fabian Wesemann and Dario Fazlic, the group had raised a USD 650 million Series C in 2021 and a further round in 2022, and was the largest holding in the Chrysalis portfolio at 23.5 per cent of net assets at the September 2023 year end. It subsequently required a much larger recapitalisation in 2024 and 2025. |
| Jul 2022 | Series D | Mubadala (lead); Horizons Ventures; Target Global; OMERS Ventures; EDBI; Eurazeo; LGT group; Lightrock; The Delta | $400M | $4.5B | Wefox is a Berlin-based insurtech company founded in 2015 that operates as an ecosystem enabler, selling insurance products through indirect distribution channels rather than competing directly with brokers. The company partners with around 3,000 independent brokers and distribution partners across multiple markets including Germany, Switzerland, and Austria, and serves over 2 million customers. Wefox's business model focuses on providing flexible technology platforms that cater to each market's specific needs, positioning it as a credible alternative to traditional direct-to-consumer insurtechs. In July 2022, Wefox closed a $400 million Series D funding round led by Mubadala Investment Company, with participation from EDBI, Eurazeo, Lightrock (LGT's impact investing platform), Horizons Ventures, OMERS Ventures, and Target Global. The round increased the company's post-money valuation from $3 billion to $4.5 billion, representing a 50% valuation increase in 12 months. At the time of the July 2022 funding announcement, the company disclosed that it had generated $200 million in revenue in the first four months of 2022 and projected full-year 2022 revenue of $600 million, more than doubling from $320 million in 2021. The company indicated plans to use the capital for product development and geographic expansion into Asia and the United States following its consolidation of the European market. As of mid-2022, Wefox employed over 1,300 people with expectations to grow to 2,000 by year-end. |
| May 2021 | Series C | Target Global (lead) | $650M | $3B | Wefox is a Berlin-based insurtech company founded in 2015, providing an app-based digital insurance platform that offers personal insurance products like household, motor, and personal liability insurance through agents in five European countries at the time of the round. The company raised $650 million in a Series C funding round in May/June 2021 led by Target Global, with participation from existing investors including OMERS Ventures, G Squared, Mountain Partners, Merian, Horizons Ventures, Eurazeo, Mubadala Capital, Salesforce Ventures, Speedinvest, and new investors like FinTLV, Ace & Co, LGT, Lightrock, Partners Group, EDBI, Jupiter, and Decisive Capital Management. This round set a post-money valuation of $3 billion USD, increasing total funding to roughly $940 million and marking one of the largest Series C rounds, particularly for insurtech. The funding was oversubscribed by 4x and closed in four weeks, far exceeding initial plans, enabling expansion into Poland, a deep tech team in Paris, and future growth into the US and Asia. Wefox generated $140 million in revenue in 2020, with its insurance carrier reporting profitability that year, and the group targeting overall profitability by 2023. The company emphasized its indirect distribution model via agents as key to scalability in the $5.2 trillion insurance industry. This Series C followed a $235 million Series B in late 2019 at a $1.65 billion pre-money valuation. Subsequent rounds included a $400 million Series D in July 2022 led by Mubadala, raising valuation to $4.5 billion USD. Wefox later faced challenges, securing a €170 million funding package in 2024-2025 led by Searchlight amid debt refinancing and asset sales. |
| Dec 2019 | Series B | OMERS Ventures (lead) | $110M | $1.6B | Wefox is a Berlin-based insurtech company founded in 2014 that provides a digital platform for insurance comparison, purchase, and management. The platform allows customers to access and manage multiple insurance policies from different providers through a single app, targeting personal insurance products including household, motor, and liability insurance. The company works primarily with insurance agents and brokers rather than pursuing a direct-to-consumer model, allowing agents to streamline and automate their processes through Wefox's technology. In March 2019, Wefox completed its Series B round of $125 million led by Abu Dhabi government-owned Mubadala Ventures. In December 2019, the company raised an additional $110 million Series B extension led by OMERS Ventures (the venture capital arm of Canadian pension fund OMERS), with participation from Merian Chrysalis, Samsung Catalyst Fund, and Mundi Ventures, bringing the total Series B to $235 million at a pre-money valuation of $1.65 billion. The extended funding reflected stronger-than-expected performance in 2019, with CEO Julian Teicke reporting revenue of more than $100 million against an original projection of $80 million, and the company having grown to over 500,000 customers across Germany, Austria, Switzerland, Spain, and Italy. The capital was designated to support further international expansion in 2020 as the company aimed to establish a presence across multiple European markets. |
| Mar 2019 | Series B | Mubadala (lead) | $125M | $1.1B | Wefox is a Berlin-based insurtech company operating a consumer-facing insurance app and carrier called One, alongside the Wefox insurance platform, focusing on digital insurance distribution through intermediaries in markets including Germany, Austria, Switzerland, Spain, and Italy. In March 2019, wefox closed the first tranche of its Series B funding round, raising $125 million led by Mubadala Capital Ventures (part of Abu Dhabi-owned Mubadala Investment Company), at a reported valuation of nearly $1.1 billion. This was followed by a $110 million Series B extension in December 2019 led by OMERS Ventures, bringing the total Series B to $235 million, with sources indicating a pre-money valuation of $1.65 billion for the extension. Other participants in the initial round included Chinese investor CreditEase, while the extension involved Merian Chrysalis, Samsung Catalyst Fund, Mundi Ventures, and existing backers like Target Global, Salesforce Ventures, Idinvest, and Sound Ventures. The 2019 funding supported wefox's international expansion and growth in the $5.2 trillion insurance industry, emphasizing a tech-driven approach with human agents and data-driven experiences over traditional models. Wefox positioned itself as a fully licensed digital insurer aiming for scalability and disruption in core European markets. Subsequent rounds included a $650 million Series C in 2021 at $3 billion valuation led by Target Global, a $400 million Series D in 2022 led by Mubadala reaching $4.5 billion post-money, and a 2023 Series D extension with $110 million in equity and debt. The company grew to over two million customers by 2022, targeting three million that year, with plans for profitability by 2023 and expansion into Asia and the US. |
| Sep 2016 | Series A | Horizons Ventures (lead); Target Global (lead) | $28M | - | - |
| Jan 2016 | Seed | Salesforce Ventures (lead); Seedcamp; Speedinvest; Idinvest Partners; Samuel Skoblo; AngelList; The Delta | $6M | - | wefox raised a $5.5M seed round in 2016 led by Salesforce Ventures with participation from AngelList, Idinvest Partners, Seedcamp, and Speedinvest. The company, founded in 2015 in Zurich and primarily operating out of Berlin, provides a digital insurance platform offering coverage through intermediaries. This was the first funding round for the insurtech, which has since raised additional rounds including a $28M Series A later in 2016, $30M Series A in 2017 led by Horizons Ventures, $235M Series B in 2019, $650M Series C in 2021 at $3bn post-money valuation, and $400M Series D in 2022 at $4.5bn post-money valuation. |
Who has invested in wefox?
19 investors have backed wefox across its funding rounds, including Target Global, Horizons Ventures, Mubadala, OMERS Ventures, Chrysalis Investments and The Delta.
Lead investors include Chrysalis Investments, Target Global, Deutsche Bank, UniCredit, Squarepoint Capital and 4 other investors.
wefox Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 London | 4 | Lead | Sep 2016 | |
| London | 2 | Lead | Feb 2023 | |
 Hong Kong | 2 | Lead | Sep 2016 | |
 Toronto | 2 | Lead | Dec 2019 | |
 Abu Dhabi | 2 | Lead | Mar 2019 | |
| Berlin | 2 | Participant | Jan 2016 | |
 San Francisco, CA | 1 | Lead | Jan 2016 | |
 Milan | 1 | Lead | Nov 2023 | |
| London | 1 | Participant | Jan 2016 | |
| Frankfurt | 1 | Lead | Nov 2023 | |
 Vienna | 1 | Participant | Jan 2016 | |
 Paris | 1 | Participant | Jan 2016 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Samuel Skoblo |  Oslo | 1 | Participant | Jan 2016 |
This data is available for Pro users. Sign up to see all 19 wefox investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by wefox
wefox has acquired 3 companies to date.
Last acquisition by wefox was on August 25th 2025. wefox acquired VMK Versicherungsmakler for undisclosed valuation.
Latest Acquisitions by wefox
| Description | VMK Versicherungsmakler is a Vienna-based insurance brokerage serving individuals and businesses in Austria. The company advises on property, liability, health, and commercial policies from its office in the capital. VMK Versicherungsmakler partners with major insurers to tailor coverage for professional sectors. | Assona is a Netherlands-based insurance provider specializing in coverage for e-bikes, bicycles, consumer electronics, and boats. Operating from Amsterdam, it offers customizable policies through partnerships with retailers and online platforms, emphasizing quick claims processing and protection against theft, damage, and accidents in the growing mobility and leisure markets. | One is a developer of an online digital household and private liability insurance platform operated by wefox, based in Berlin, Germany. The platform features digital claim settlement, premium payments, calculations, and policy management. It helps insurers digitize services across Europe, integrating with mobile apps for instant quotes. |
| HQ Country | | | |
| HQ City | Klosterneuburg | Berlin | Berlin |
| Deal Date | 25 Aug 2025 | 15 Nov 2021 | 26 Jun 2017 |
| Valuation | undisclosed | undisclosed | $11M |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all wefox acquisitions and their M&A valuation multiples. Start Free Trial | |||
wefox Competitors
wefox competitors include listed companies like Lemonade and Rasan, and private ones like Root Insurance, Rappi, OPay and PolicyBazaar.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| United States | Publicly listed | $738M | ($146M) | $3.8B | 3.5x | |
| Columbus, OH | Private | $43M | $132M | $3.6B | - | |
 Saudi Arabia | Publicly listed | $174M | $73M | $3B | 11.0x | |
 Bogotá | Private | $856M | - | $5.3B | 6.1x | |
 Lagos | Private | $38M | - | $2.8B | 73.7x | |
 Gurgaon | Private | $37M | $21M | $2.4B | 64.9x |
wefox Public Comps
wefox is still privately-owned, but its public comps include Radian Group, MakeMyTrip, E-L Financial, Accelerant, Kakaku.com, Challenger, AUTO1 Group, White Mountains, Rightmove and Openlane.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.2B | $905M | 5.0x | 3.2x | 6.6x | - | |||
| $1B | $171M | 5.0x | 4.5x | 30.3x | 25.7x | |||
| $2.1B | $1.2B | 2.9x | - | 4.9x | - | |||
| $880M | ($1.2B) | 4.5x | 3.7x | (3.3x) | 12.9x | |||
| $605M | $175M | 7.5x | 7.0x | 26.1x | 22.2x | |||
| $2.1B | $491M | 2.6x | 7.9x | 11.2x | 11.4x | |||
| $9.4B | $199M | 0.6x | 0.5x | 29.9x | 21.1x | |||
| $2.9B | $1.4B | 2.3x | - | 4.7x | - | |||
This data is available for Pro users. Sign up to see all wefox competitors and their valuation data. Start Free Trial | ||||||||
Common questions about wefox
| When was wefox founded? | wefox was founded in 2015. |
| Where is wefox headquartered? | wefox is headquartered in Berlin, Germany. |
| Is wefox publicly listed? | No, wefox is a private, VC-backed company. |
| What is wefox's valuation? | wefox was last valued at $4.6B in its undisclosed-stage round in November 2023. |
| How much funding has wefox raised? | wefox has raised $1.6B across 12 funding rounds. |
| What was wefox's last funding round? | wefox's last funding round was a $87M undisclosed-stage round in July 2025. |
| Who are wefox's investors? | wefox's investors include Target Global, Chrysalis Investments, Horizons Ventures, OMERS Ventures, Mubadala, The Delta, Salesforce Ventures, UniCredit, Seedcamp, Deutsche Bank and 9 others. |
| What is wefox's revenue? | wefox's latest recorded revenue is $850M (November 2023). |
| What is wefox's revenue multiple? | wefox's latest valuation implies a 5.4x revenue multiple ($4.6B valuation on $850M of revenue). |
| Which companies are comparable to wefox? | Companies comparable to wefox include Lemonade, Root Insurance, Rasan, Rappi, OPay and PolicyBazaar. |
| How many companies has wefox acquired? | wefox has acquired 3 companies, including VMK Versicherungsmakler, assona and One. |
| What was the largest acquisition by wefox? | The $11M acquisition of One in June 2017 is the largest acquisition wefox has made to date. |
See companies similar to wefox
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.