Newsletter registration

By using our website, you are agreeing to cookies being stored and Google Analytics being used on your device in order to offer the best possible service. You can find more information on thishere.
Austria.
Dynamic Business Location.

Wefox invests in Austria

CEO Julian Teicke © Wefox

In its second round of financing, the startup generated record proceeds of USD 125 million (about EUR 110 million). A significant share of these investments will be made in Austria. The main investor in the latest financing round is the Mubadala Investment Company of the state funds of Abu Dhabi. Founded in 2014, the Wefox Group brings together more than 1,500 insurance brokers and more than 400,000 customers on its platform. According to the company, revenue recently rose to USD 40 million (EUR 35.3 million).

The objective of the Wefox Group is to bring together all insurance companies in the world on one platform and to become the largest insurer, said Wefox founder Julian Teicke. The new investments will be used to expand to other markets and further develop the core technology, which also makes use of artificial intelligence

Read more:

Share on Facebook Share on Facebook Share on Twitter Share on Twitter Share on Linkedin Share on Linkedin

Testimonials

Events

Meet us at events, seminars and trade shows - worldwide.

  • Business Location Austria

    24.09.2019, Bucharest, Romania

  • Business Location Austria

    25.09.2019, Cluj-Napoca, Romania

Austria Map

Find the perfect location for your company

The new Amazon distribution center in Großebersdorf is our first logistics site in Austria It will enable us to create additional and more flexible delivery capacities for the benefit of customers. We feel that we are in good hands, also thanks to the support of ABA – Invest in Austria.

Amazon

amazon.de
More testimonials

news from the business location Austria

ERC Starting Grant for molecular biologist in Innsbruck

The molecular biologist Jerome Mertens received a Starting Grant of the European Research Council (ERC) for his research into understanding the molecular and cellular causes of aging, especially brain aging and molecular cell biology of Alzheimer's disease in nerve cells.

Not Only for Startups: The Business Plan as the Road Map to Success

A great idea has been born. The product the world is waiting for has been invented. Actually, nothing can seemingly go wrong. At least one would be inclined to think so. However, the best idea or invention is worthless without a business plan to successfully bring the idea down to earth. Here you will find out what you should take into consideration when drawing up a business plan.

More news All blog posts