Wefox

is the independent service platform for insurance in Germany, Austria and Switzerland. The marketplace allows customers, brokers and insurance companies to manage their insurance and financial products and services intelligently and efficiently.
Wefox

The story so far

After graduating from university, Julian was involved in two start-ups (Groupon and DeinDeal) but had always wanted to go into insurance. He and his co-founder, Fabian came up with the concept of digitalising the process, and created a platform that connects insurance providers, brokers and customers. Rather than bypass human brokers entirely, WeFox lets independent brokers on-board their existing customers onto the platform to help deliver a better experience and more easily manage their clients’ coverage.

Efficiencies are achieved through a degree of automation, helping a broker scale the admin side of their business while also ensuring customers get the most appropriate coverage. From a consumer’s perspective, the Wefox app and website also acts as a “digital” wallet, where they can store details of the various insurance coverage to which they have subscribed.

The company launched in Switzerland in 2015 with a few former colleagues from previous start-ups, and since then it has become Europe’s leading InsureTech company, commercially growing more than two times year on year. The lead OMERS Ventures partner, Henry Gladwyn invested in its seed round in 2015 while at a previous company, so knew Julian and Fabian well, which enabled OV to join the company's Series B. OMERS Ventures now sits on the board and is a significant shareholder.

Wefox-logo
Themes

Insurtech

Founded

2014

OMERS First Investment

2020

wefox Founder

ABOUT THE FOUNDER

Julian Teicke

Julian is the Founder & CEO of wefox Group. He started wefox in 2014, the digital platform connecting brokers to their customers and insurers as well as establishing ONE in 2018, the first fully-digital European Insurance carrier. Julian graduated with a BA in Business Administration in St. Gallen.

The OMERS team

Our focus: portfolio companies