Wefox has secured €151 million in funding, comprising a €76 million capital raise from existing investors and a €75 million refinancing of an existing credit facility from Searchlight Capital Partners’ credit fund, Searchlight Opportunities Fund II. This funding follows a successful business restructuring, including the sale of wefox Insurance AG (Liechtenstein) and its Italian entities, positioning wefox for full-year profitability in 2025.
The new capital will enable wefox to strengthen its market positions in Austria, the Netherlands, and Switzerland, and to expand its asset-light Managing General Agent (MGA) and smart insurance distribution businesses globally. Wefox is the leading wholesale broker in Austria with its advanced digital platform, the #1 player in the Dutch term-life market under the TAF brand, and a top-ranked retail insurance distributor in Switzerland. The company plans to foster partnerships with insurers and scale local distribution platforms for sustainable growth.
Concurrent with the refinancing, the wefox Holding AG board of directors has seen changes. Prateek Puri (Searchlight Capital Partners) and Joachim Müller (CEO) have joined the board, while Julian Teicke, Fabian Wesemann, Dario Fazlic, and Nikolaus Frei have departed.
KEY QUOTES:
“Changing customer needs, new regulatory requirements, and new technological capabilities are transforming the insurance value chain. Our strengths and our focus on MGA and smart distribution services make us an attractive partner for risk carriers and downstream brokers. We believe that our compelling offering and our smart, asset-light business model will create value for our customers, our business partners and our investors. I would like to express my gratitude to my team and all employees who have contributed to our successful transformation, as well as our investors for their continued trust and support. I would also like to thank the outgoing board members for their support and collaboration, and I look forward to working with Prateek on the board.”
Joachim Müller, CEO of wefox Holding AG
