Global law firm White & Case LLP has advised wefox Holding AG, a leading pan-European insurtech, on its US$400 million Series D funding round.
The equity financing was led by Mubadala with participation from existing investors including LGT, Horizon Ventures and OMERS Ventures. The total funding of wefox has increased to US$1.2 billion since 2016. With a post-money valuation of US$4.5 billion, wefox continues to be one of the highest valued insurtechs.
The White & Case team which advised as lead counsel on the transaction was co-led by partners Sebastian Pitz (Frankfurt) and Stefan Bressler (Frankfurt & Hamburg) and included partners Andreas Lischka, Jost Kotthoff, Bodo Bender, Rebecca Emory and Thilo Diehl (all Frankfurt), local partners Johannes Goossens, Anna Dold and Sebastian Stütze (all Frankfurt), counsel Sascha Schmidt (Frankfurt) and associates Agmal Bahrami, Mathias Bogusch, Guerkan Akbaba (all Frankfurt), Moritz Schneider (Hamburg) and Martin Junker (Berlin) and transaction lawyers Niklas Kastenholz and Yannick Couturier (both Frankfurt). The wefox in-house legal team was co-led by Hilmar Hamm, Head of Legal Corporate, Lina Muellenberg, Head of Legal Commercial and Marc Morant, General Counsel.
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