China's CreditEase-backed insurtech firm Wefox gets $110m to drive growth

Photo: wefox

German insurance technology firm Wefox said on Wednesday it had attracted an additional $110 million of investment in its second funding round, bringing the total amount of money raised this year to invest in its expansion to $235 million.

The follow-on investment in the Series B round was led by OMERS Ventures, Merian Chrysalis and Samsung Catalyst fund. Earlier investors Abu Dhabi’s Mubadala Ventures, China’s CreditEase and Spain’s VC Mundi Ventures also chipped in.

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