TOP 10

How WeFox , one of Europe ' s largest unicorns , is disrupting the traditional insurance business

Vaulation : US $ 4.5bn

The Berlin-based insurtech has gone from strength to strength since it was founded by Julian Teicke in 2015 . The company was originally known as FinanceFox before being rebranded after two years of business . In 2019 , the insurtech unicorn completed a Series B round worth US $ 125mn before securing a further US $ 650mn in 2021 . Earlier this year , wefox achieved the milestone of reaching 2 million customers and raised US $ 400mn in a Series D funding round that led to its recent lofty valuation .

It ’ s an impressive feat for Teicke , who is still in his mid-30s . The young entrepreneur cut his teeth at customised chocolate maker Chocri , Groupon , and his first business venture – an ecommerce company called DeinDeal that he sold in 2015 before starting wefox . The company is perhaps the pinnacle of Teicke ’ s entrepreneurial aspirations , employing more than 1,300 staff and bolstering its board in recent times . insurtechdigital . com 77