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Insurtech WeFox Raises $110 Million in Extension to 2022 Funding Round

May 17, 2023


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.

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