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Timeline
THE STORY OF
wefox is a force to be reckoned with. As Europe’s leading insurtech company it has also just secured the largest ever investment round fund of any insurtech globally. We track the highs – and more highs of this dynamic and disruptive insurtech.
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2014 2015 2016
The meeting In the money
FinanceFox is launched Fresh from his victories with Groupon, Julian Teicke creates FinanceFox, an app that enables users to manage their existing insurance policies from one mobile platform. FinanceFox completes an angel funding round with an undisclosed amount of funding from EMPAUA GmbH, Dario Fazlic, Julian Teicke, and Amir Suissa.
Funding spree
In just eight months, FinanceFox raises $28m from its investors in two rounds led by Salesforce Ventures, Anglelist, IDinvest Seedcamp and Speedinvest. The boost enables FinanceFox to expand its offerings and the company goes on a massive hiring drive.
2017 2021
Rebrand
With its own insurance offering now available, FinanceFox is sent out to pasture and the insurtech rebrands as wefox following the acquisition of ONE Insurance for an undisclosed amount of money.
The big time
Now the largest insurtech in Europe, wefox recently raised $650m in the biggest investment drive for an insurtech globally. Following this, CEO Julian Teicke also announced that every employee was to become a shareholder in the company.
