Is Wefox the next unicorn?

There have been repeated rumors about a new round of financing for Wefox. Now there are increasing indications that the start-up has closed a round of over 500 million dollars, valuing it at over two billion dollars.

Wefox is said to have raised 500 million dollars in its Series C financing round, according to reports from Finance Forward. There has been much speculation about Wefox's current funding in recent months, but nothing has been confirmed by the insurtech. The funding is to be announced soon, the investors are unknown. The round increases Wefox's valuation to over two billion dollars.

Since it was founded in 2014, the insurtech has continued to expand its offering: The centerpiece is the platform through which customers can take out their insurance policies in bundles. In 2017, the company added the sale of its own insurance policies via its subsidiary One Insurance, which was renamed Wefox Insurance in March and is already profitable.