News Formal

Wefox: German insurtech startup raises extra $110 million led by OMERS - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

'We want to dominate the $5 trillion insurance market on a global basis.'

This story requires our BI Prime membership. To read the full article,The German insurtech Wefox has raised an additional $110 million in funding from OMERS Ventures, Merian Chrysalis, Samsung Catalyst Fund, and Mundi Ventures.

"We want to dominate the $5 trillion insurance market on a global basis. A lot of companies disrupt specific niches, but we are more holistic," Wefox's CEO and cofounder, Julian Teicke, said in an interview with Business Insider.One of Germany's fastest-growing tech startups has raised another bumper tranche of funding to take its 2019 total to $235 million.

The company's Series B was led by the Abu Dhabi-government-owned Mubadala Ventures, alongside the Chinese investor CreditEase. Previous investors include Target Global, Salesforce Ventures, Seedcamp, Idinvest, and the Hollywood actor Ashton Kutcher's investment vehicle, Sound Ventures. "Investors have been excited by our strong unit economics, efficiency, and low loss ratio," Teicke told Business Insider in an interview. "The role of tech companies is to drive higher returns and better margins — we are striving to be profitable and not use a cash-burning model."

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 729. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Evgenia-Plotnikova-partner-dawn-capital-venture-capital-europe - Business InsiderA 32-year-old investor hotshot just became partner at $550 million Dawn Capital. Here's her view on investing in enterprise startups, Europe's hottest market right now. Love this! 😍 Broken link?
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Uber has filed an appeal after losing its license in London - Business InsiderUber drivers will still be allowed to operate while the court fight goes on, which could take months or even years. techinsider
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

AT&T signals that it would cut costs by restructuring management and network distribution - Business InsiderICYMI: AT&T's operation revamp will contribute to its ongoing plan to reduce unwieldy debt following the Time Warner acquisition
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Johnson's government not match-fit for Brexit trade talks, says ex-May adviser - Business InsiderRaoul Ruparel said Boris Johnson's government could possibly secure a 'narrow and shallow' trade deal by the end of 2020.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

10 things in tech you need to know today - Business InsiderAmazon-owned Ring has said it will introduce new security features after hackers broke into a camera in a child's bedroom.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

TikTok's owner has been quietly testing a Spotify competitor - Business InsiderTikTok's parent company ByteDance has been quietly beta testing a new music app called 'Resso' in India and Indonesia.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »