wefox Successfully Secures EUR 151m Funding to Support new Strategy
- Written by: iPMI Global
- Category: Breaking News
wefox has successfully secured funding of EUR 151 million. This consisted of a EUR 76 million capital raise primarily from its existing investor base as well as refinancing of an existing credit facility with EUR 75 million from Searchlight Capital Partners’ credit fund, Searchlight Opportunities Fund II. The funding follows the successful completion of the Group’s business restructuring program, including the closing of the sale processes for the Liechtenstein-based wefox Insurance AG and the Italian companies wefox MGA S.r.l. and wefox Services Italy S.r.l., and puts wefox on a clear path to profitability for the full year 2025.
