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wefox Raises €151 Million Following Business Restructuring

  • Insurtech platform wefox has raised €151 million through a capital raise and refinancing of a credit facility.
  • The funding follows the completion of the company's restructuring program, which involved selling some of its entities.
  • wefox aims to achieve profitability by 2025 and will use the funding to expand its operations in various countries and enhance its digital platforms.
  • The board of directors of wefox Holding AG has been restructured, with new members from Searchlight Capital Partners joining.

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