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New Deal


Announced

Completed

OMERS led a $110m Series B round in wefox Group.

Financials

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Transaction Value£86m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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FinTech

Private

Private Equity

Minority

Friendly

Germany

Venture Capital

Single Bidder

insurance technology

Acquisition

Completed

Synopsis

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OMERS Ventures led a $110m Series B round in wefox Group, the Berlin-based insurtech, with participation from Merian Chrysalis, Samsung Catalyst Fund, Mundi Ventures and existing investors. "We’re delighted to have OMERS Ventures as the lead investor for this financing round, and with the addition of Merian Chrysalis and Samsung Catalyst Fund on board, we have reinforced wefox Group’s investor base substantially," Julian Teicke, wefox Group chief executive and co-founder.

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