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.

  • Meet us in Moscow

    23. - 26.04.2019, Moscow

  • Meet us @ Pioneers

    09. - 10.05.2019, Vienna

Austria Map

Find the perfect location for your company

Vienna is the driving force for innovations in our company,
and one of the growth drivers.

Ottobock Austria

Logo
More testimonials

news from the business location Austria

Maximize profitability with Vertec

After establishing a subsidiary in Austria in the beginning of 2019, the Swiss software specialist Vertec now operates in the entire DACH region.

Blockchain Technologies: Austria’s Contribution in the Global Race

An international race focusing on the blockchain technology underlying cryptocurrency is currently taking place, not least due to the Bitcoin hype in 2017. Asia and in particular China are a step ahead at present, whereas the USA is somewhat behind. The blockchain industry is still in an embryonic state in large parts of Europe. Find out here why there is still hope and what role Austria is playing.

More news All blog posts