wefox Group raises USD 110 million extension of its USD 125 million Series B financing round
19 December 2019 – Swiss insurtech startup FinanceApp AG, top company of wefox Group, extends this year’s USD 125 million Series B financing round by further USD 110 million. The Series B extension is led by Omers Ventures and followed by Merian Chrysalis, Samsung CatalystFund, Mundi Ventures and existing investors. The extension follows an earlier Series B financing round in the first half of 2019 with Mubadala Ventures as lead investor. The financing round also included the conversion of existing venture loan investments from, amongst others, Speedinvest, AngelList, Salesforce Ventures and Idinvest.
Walder Wyss AG has acted as advisor to wefox Group in all legal aspects of the Series B financing round. The team was led by Florian Gunz Niedermann (Partner, Corporate/M&A) and further included Michael Kündig (Associate, Corporate / M&A), Fabienne Anner (Managing Associate, Corporate / M&A) and Maurus Winzap (Partner, Tax).