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.
Where Your Profits Grow Sky High.

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.

  • AAIC - Applied Artificial Intelligence Conference

    24.05.2022 - 25.05.2022, Online

  • Connect Day

    31.05.2022, Wien, Österreich

Austria Map

Find the perfect location for your company

Thanks to its central location, excellent infrastructure and high quality staff, Austria is one of the key locations for ZTE Corporation and HQ for the Eastern Europe Region in general.

ZTE Austria

logo zte
More testimonials

news from the business location Austria

SAP Innovation Award 2022 granted to a software for energy communities

Each year SAP honours innovative software solutions through its renowned SAP Innovation Award. This year’s winners from the energy sector not only include the major players such as Netze BW GmbH, Avangrid, Engie and Bbox, but also a consortium in the DACH region which is pressing ahead with the energy transition on the basis of energy communities. It consists of the Swiss software producer Exnaton, the German SAP integrator best practice consulting and the Austrian utility Energie Burgenland.

The New Business Support Act
(Neugründungs-Förderungsgesetz - NeuFöG)

The New Business Support Act was translated to English. Read about the most important changes or get the entire translation.

More news All blog posts