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New Deal


Announced

Completed

Target Global led a $650m funding round in Wefox.

Financials

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Transaction Value£457m
Consideration TypeCash
Capital Owned-
Capital Bid For22%
EV/Sales21x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private Equity

Acquisition

Cross Border

Private

Minority

Completed

FinTech

insurance technology

Germany

Venture Capital

Friendly

Synopsis

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Target Global, a venture capital firm, led a $650m funding round in Wefox, a digital insurer, valuing the firm at $3bn. The round was joined by Salesforce Ventures, Partners Group and Omers. Wefox plans to use the money to expand to new countries, including Italy, and later this year add life- and health-insurance products to its portfolio.

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