Wefox lands €151m to grow smart insurance distribution

July 8, 2025

InsurTech company wefox, which focuses on smart insurance distribution and asset-light Managing General Agent (MGA) services, has raised €151m in fresh funding.

The financing includes a €76m capital raise led mainly by existing investors and a €75m refinancing from Searchlight Capital Partners’ credit fund, Searchlight Opportunities Fund II.

Wefox provides digital insurance distribution services, working with retail brokers and insurance carriers across Europe. It offers technology-driven MGA solutions and full-service insurance distribution under brands such as TAF in the Netherlands.

In Austria, the firm has established a leading wholesale broker position, while in the Netherlands it is a top player in the term-life market under TAF. In Switzerland, wefox continues to broaden its retail insurance distribution services, providing holistic risk advice for customers. The company plans to deepen partnerships with insurance firms and scale its local distribution platforms to drive sustainable growth and margin improvement.

Following the refinancing, wefox has also reshaped its board of directors. Prateek Puri, partner at Searchlight Capital Partners, and Joachim Müller, CEO of wefox Holding AG, have joined the board, while Julian Teicke, Fabian Wesemann, Dario Fazlic and Nikolaus Frei have stepped down.

wefox CEO Joachim Müller said, “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.”