Wefox, a Berlin-based insurtech startup works with the insurance agencies, brokers and individuals via a digital platform. This way, it facilitates simple and personalised consultations for various types of insurance.
Now, Wefox has raised a whopping €111 million in a Series B funding round led by Mubadala’s European Ventures Fund. This investment comes after the announcement that the startup will launch into the Asian market as it joined hands with SBI (formerly SoftBank Investment). Notably, this is the first investment for Mubadala Ventures. With this, the overall funding raised by Wefox goes to around €144 million.