Wefox secures new funding at $4.5 billion valuation as it aims for profitability

Wefox, the German insurtech startup, has closed a new funding round from existing investors. The funding amount isn’t going to impress anyone as the company managed to secure $55 million. This could be considered as an extension of the $400 million Series D round as Wefox managed to maintain the same valuation of $4.5 billion.
The fact that Wefox is still valued at $4.5 billion is an interesting tidbit though. Many startups are struggling to raise funding rounds or have to lower their valuation. In addition to this traditional equity investment, Wefox also secured $55 million in a revolving c

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