Wefox Raises €151M to Expand Smart Insurance Platform Across Europe

Wefox, a leading German digital insurance platform, has raised €151 million (approximately $177 million) in a fresh funding round aimed at scaling its smart insurance distribution and Managing General Agent (MGA) business model across Europe. The financing includes €76 million in equity from existing investors and €75 million in refinancing from Searchlight Capital Partners’ credit arm.

Founded in 2015 by Julian Teicke, Fabian Wesemann, and Dario Fazlic, Wefox was established to disrupt the inefficient, fragmented insurance industry through a tech-powered, broker-first approach. Rather than bypassing intermediaries, the company empowers brokers with digital tools, combining AI-driven risk assessment, automated processes, and seamless API integration to deliver smarter insurance experiences.

Wefox’s unique value proposition lies in its asset-light MGA model, which enables rapid scaling without the capital-heavy infrastructure of traditional insurers. This approach also allows the company to remain agile and responsive to local market dynamics, especially in fast-growing regions like Austria, Switzerland, and the Netherlands, where it plans immediate expansion.

In recent months, Wefox completed a major business restructuring, which included divesting Wefox Insurance AG in Liechtenstein and its Italian subsidiaries. This strategic shift enables the company to fully focus on tech-driven distribution and MGA operations, laying the groundwork for profitability by 2025.

As part of the company’s leadership evolution, Joachim Müller, CEO of Wefox Holding AG, has joined the board alongside Prateek Puri from Searchlight Capital. Meanwhile, co-founders Julian Teicke, Fabian Wesemann, Dario Fazlic, and Nikolaus Frei have stepped down from their board positions following the restructuring.

Wefox’s mission is to create a safer, more transparent insurance ecosystem, where brokers, insurers, and customers are seamlessly connected. With over $4.5 billion valuation from its earlier funding rounds, the company continues to attract strong investor confidence.

By investing in smart insurance distribution and digital infrastructure, Wefox is redefining the customer experience while addressing the insurance industry’s long-standing inefficiencies — from slow claims processes to limited digital engagement.