Wefox: Raises $650 million in Series C funding round
- Wefox a digital insurer that combines innovative rates and experienced experts under one roof
- Raised $650 million in a Series C funding round led by Target Global, according to the TechCrunch website
- Focused on personal insurance products, such as insurance, motor insurance, and personal liability insurance
- The funding round was oversubscribed by around four times, according to co-founder and CEO, Julian Teicke
- New investors are cited as FinTLV, Ace & Co, LGT and its affiliated impact investing platform, Lightrock, Partners Group
- With the app, customers have all insurance policies on their smartphone, with complete digital management of the contracts
