Squarepoint Capital led a $55m Series D extension round in wefox.

Squarepoint Capital, a global investment management firm, led a $55m Series D extension round in wefox, an insurtech firm. “The second close of our Series D round ensures we continue focussing on building an international business with a strong path to profitability. We have already taken important measures to fortify our business for the future and early Q1 financial performance shows that we are in good shape to navigate the challenges ahead and continue our international growth in a sustainable way,” Julian Teicke, wefox CEO and Co-Founder.