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.

  • Life Sciences Wien - Ein Markt mit vielen Chancen

    28.01.2021, 10:00 - 11:30 (CET), Online Conference

  • Meet us @ HTH Styria!

    28.1.2021, 10:00 - 16:15 (CET) , Online Conference

Austria Map

Find the perfect location for your company

Reliability and expertise in the country and in the company are the convincing factors in selecting a business location. We can be justifiably proud but can still become even more attractive. This is something Austria should increasingly work on in the future!

Pfizer

Logo
More testimonials

news from the business location Austria

Austrian government creates investment premium for investors

The economic and financial consequences of the COVID-19 crisis pose major challenges to companies. In order to strengthen the Austrian business location, the Austrian Federal Government has resolved upon a new investment promotion program for companies with a total volume of EUR 3 billion, which will be further increased, if necessary.

Support measures for companies affected by COVID-19

To stimulate the economy, either new programs may be established as a result of the draft law or existing support programs (e.g. aws, ÖHT) will be expanded. All measures introduced are intended to be applicable immediately and will be in force until the end of 2020. The measures currently introduced include the following areas:

More news All blog posts