Wefox completes its USD 650 mln series C financing. The advisors
The insurtech startup Wefox – with its Zurich based parent company Wefox Holding (formerly FinanceApp) – has completed on 1 June a Series C financing round of 650 million USD.
The legal team
Walder Wyss advised the company in this transaction with a team led by Florian Gunz Niedermann (partner, corporate/m&a, pictured) and Christian Lütolf (managing associate, corporate/m&a) and further included Alice Vorburger (senior associate, corporate/m&a), Maurus Winzap (partner, tax), Janine Corti (counsel, tax), Daniel Staffelbach (partner, regulatory/insurance), Fabian Altmann (trainee, regulatory/insurance), Michael Kissling (associate, commercial contracts), Rafal Szala (senior associate, finance), Nadja D. Leuthardt (associate, employment), Benno Fischer-Siddiqui (associate, ip/technology). The law firm startup desk supported Wefox from the very beginning.
The company
Wefox Insurance (formerly ONE Versicherung) is a digital real-time insurer operating in Germany, Poland, and Switzerland. Led by CEO Oliver Lang, Wefox Insurance’s partners include Munich Re and the software group Salesforce. So far, global investors have invested in the company a three-digit million amount. Among them: SBI Investments, Mubadala Ventures, CreditEase, Target Global, Ashton Kutchers Sound Ventures, Speedinvest, Horizons and iD Ventures.
