Wefox Holding AG, an insurance-technology firm based in Berlin, raised $110 million to build a platform that will make its technology available to other insurers.
JPMorgan Chase & Co. and Barclays Plc provided half the funds as a revolving credit facility, the German company said in a statement Wednesday. The round, an extension to Wefox’s 2022 Series D, raised an additional $55 million in equity from new and existing investors, including Squarepoint, it said.
