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German insurtech Wefox Group gets $110M more in series B funding

Germany-based insurtech Wefox Group raised an additional $110 million in its series B funding round, increasing its total haul to $235 million.

The additional investment was led by OMERS Ventures, with participation from Merian Chrysalis, Samsung Catalyst Fund, Mundi Ventures and existing investors.

In March, Wefox Group, the parent company of ONE Insurance and wefox, raised $125 million. ONE Insurance provides household and private liability insurance, while Wefox has 2,300 brokers managing more than 500,000 customers.