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

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.