The Berlin-based insurtech wefox Holding has announced that it has successfully reached an agreement for its Series D funding round, increasing its post-money valuation to USD 4.5 bn. The equity round was led by Mubadala Investment Company with participation from Eurazeo, LGT, Horizons Ventures, OMERS Ventures and Target Global.
wefox is a fully licensed digital insurance company that sells insurance through intermediaries and not directly to customers. The company intends to use the funding for product development and to further expand across Europe and thereafter Asia and the US.
Homburger has advises wefox Holding as Swiss counsel in this Series D funding round. The team comprises partner Andreas Müller (corporate / m&a; technology and digital economy, pictured), lead associate Kevin M. Hubacher (corporate / m&a; insurance), associates Oriana Schöni (corporate / m&a; technology and digital economy) and Oliver Kneubühl (corporate / m&a), and junior associates Alexander Cochardt, Nicolas Wetzel and Michele Fazari (all corporate / m&a), counsel Eduard De Zordi (capital markets), partner Stefan Oesterhelt and associate Laetitia Fracheboud (both tax), partner Balz Gross and associate Anissa Kern (both employment and executive compensation), and associate Kirsten Wesiak-Schmidt (data protection).