Wefox is surging ahead in typical trailblazing fashion, raising €398 million in its Series D round. Now with a valuation of over €4.48 billion, the Berlin-based insurtech is thriving while the growth of other tech businesses seems to have stalled for the time being. CEO Julian Teicke has spoken widely about the importance and beauty of Wefox’s indirect distribution business model which has contributed to its revenue doubling year on year – a mammoth achievement. Ibrahim Ajami, head of Mubadala ventures who led the raise, was quick to emphasise the impact of the model on allowing the business to “scale quickly and sustainably”.  

Source: eu-startups.com

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