Wefox Group: Extends Series B to USD $235M
- Wefox Group closed an additional USD$110 million, extending its overall 2019 funding to USD$235 million fuelling its hyper-growth
- Funding was led by OMERS Ventures in their first European insurtech investment
- Additional investors in this round include Merian Chrysalis, Samsung Catalyst Fund, Mundi Ventures and existing investors
- In March 2019 wefox Group announced an initial closing of $125 million series B funding round led by Mubadala Ventures
- The company’s solid performance from its two business units ONE and wefox has also made wefox Group an attractive investment target
- Wefox Group is also an exciting demonstration of a fast-moving company harnessing data and AI to disrupt traditional industries
