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German insurtech Wefox secures additional $55m equity funding and $55m credit facility

May 17, 2023

The extension follows on from Wefox’s $400 million Series D round held in July last year and saw participation from existing and new investors including Squarepoint. The company raised the funding at an unchanged valuation of $4.5 billion.

Founded in 2015, Wefox is a full-stack digital insurance company that sells insurance through intermediaries and not directly to customers.

The company plans to put the cash towards growing its business and further developing its technology platform.

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