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Wefox raises EUR 151 million to reinforce its MGA model and expansion in Europe, led by existing investors and Searchlight Capital Partners.
Amount Raised
€151 Million
BerlinSoftwareInsuranceInvestors
Description
Wefox has raised EUR 151 million through equity financing and debt refinancing for its shift towards a Managing General Agent model. The funding includes EUR 76 million in fresh capital and EUR 75 million in refinanced debt. This capital will help Wefox expand its operations in Austria, the Netherlands, and Switzerland. The company aims to scale its partnerships with insurance carriers and enhance its local distribution platforms.
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