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WEFOX
wefox
Insurtech (digital insurance distribution) · Switzerland · Founded · 2015 · ≈ · 200 · employees

wefox Funding — Last Valued at $500M

Private

wefox has raised $1.1B across 6 funding rounds. The latest round valued wefox at $500M post-money.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
wefox funding · at a glance
Total raised, all rounds
$1.1B
some round sizes not disclosed
Funding rounds
6
priced rounds
Latest round
$500M
post-money · Jan 2024
Lead on that event
Approx. 90% writedown versus the summer-2022 €4.5bn valuation, amid restructuring and after wefox sold its insurance-carrier subsidiary; valuation reported in euros
2024
About wefox

Target Global led wefox's $650 million Series C in June 2021, which valued the company at $3 billion, though its most recent valuation has fallen to around $500 million after a major restructuring.

Funding timeline

The wefox funding timeline

6 funding rounds, the latest highlighted.

2015
wefox founded

wefox was founded in 2015, Switzerland.

JAN 2016
Seed

A primary round — the company sells new shares to investors it selects. $5.5M raised, led by Salesforce Ventures.

Valuation basisAmount$5.5MPrice / shareLeadSalesforce Ventures
JAN 2019
Growth round (unicorn round) at $1B post-money

First round valuing the company above €1 billion, reaching unicorn status.

Valuation basispost-moneyAmountPrice / shareLead
JUN 2021
Series C at $3B post-money

A primary round — the company sells new shares to investors it selects. $650M raised, led by Target Global.

Valuation basispost-moneyAmount$650MPrice / shareLeadTarget Global
JAN 2022
Series D at $4.5B post-money

A primary round — the company sells new shares to investors it selects.

Valuation basispost-moneyAmountPrice / shareLead
JUL 2022
Series D

A primary round — the company sells new shares to investors it selects. $400M raised, led by Mubadala.

Valuation basisAmount$400MPrice / shareLeadMubadala
JAN 2024LATEST
Down round / rescue financing at $500M post-money

Approx. 90% writedown versus the summer-2022 €4.5bn valuation, amid restructuring and after wefox sold its insurance-carrier subsidiary; valuation reported in euros.

Valuation basispost-moneyAmountPrice / shareLead
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

wefox funding rounds in full

6 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Down round / rescue financing LATEST
Jan 2024
—
$500Mpost-money
—
—
Approx. 90% writedown versus the summer-2022 €4.5bn valuation, amid restructuring and after wefox sold its insurance-carrier subsidiary; valuation reported in euros
Series D
Jul 2022
$400M
—
—
Mubadala
—
Series D
Jan 2022
—
$4.5Bpost-money
—
—
—
Series C
Jun 2021
$650M
$3Bpost-money
—
Target Global
—
Growth round (unicorn round)
Jan 2019
—
$1Bpost-money
—
—
First round valuing the company above €1 billion, reaching unicorn status
Seed
Jan 2016
$5.5M
—
—
Salesforce Ventures
—
wefox · investors

Investors

MMubadalaLEADTarget GlobalLEADSalesforce VenturesLEAD

Frequently asked questions

Who has invested in wefox?›

Lead investors for each round are in the funding timeline.

Who are wefox's competitors?›

The closest insurtech (digital insurance distribution) peers are on the competitors page.

How can I get exposure to wefox?›

The routes section explains what is realistically available for a company at this stage.

Is wefox publicly traded?›

No. wefox is a private company; its shares do not trade on a public exchange.

What is wefox's valuation?›

The last valuation is $500M.

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