wefox, the Berlin-headquartered digital insurance firm, has appointed Hanna Jacobsson to the Board.
Jacobsson will be serving as a Non-Executive Director with immediate effect.
Julian Teicke, CEO and Founder of wefox stated:
“As we continue to double our revenues and maintain our focus on growth with a clear path towards profitability, we are also strengthening our Board with the appointment of Hanna who is a senior fintech professional with invaluable experience. To have Hanna join our Board, and chair our Risk Committee, will undoubtedly help us accelerate our strategic priorities – to reinstate the original purpose of insurance, protect people against unforeseen events and support them in their times of need.”
Jacobsson remarked:
“wefox is disrupting and reinventing the world of insurance. In so doing, it has kept people at the heart of the business through its indirect distribution model. Added to that are a culture and value set that mirror my own. I am looking forward to playing my part in taking insurance to the next level by making it more transparent and more relevant to today‘s evolving customer by leveraging technology to help customers prevent risk.”
Jacobsson, an actuary by profession, who specialized in finance during her early career and held key roles as vice CFO at Skandia and Group CFO at Nordea Life and Pensions, had later expanded her remit to join Klarna as Chief Risk Officer.
She’s highly regarded and respected in her field. Her values, experiences and skill set benefits established organizations and the fast-growing scale-ups such as wefox.
As covered recently, wefox has acquired $650 million in capital as part of a Series C round. wefox now reports a post-money valuation of $3 billion.
This latest investment round represents the largest Series C to date for an Insurtech (internationally), according to a release.
wefox‘s management says the company plans to invest the capital raised into further expanding operations into the US and Asia within the next 2 years “while strengthening its presence in its existing markets in Germany, Austria, Switzerland, and Poland.”
Target Global led wefox’s round, along with contributions from existing investors: OMERS Ventures, Gsquared, Merian, Horizons Ventures, Eurazeo, Mubadala, Creditease, Salesforce Ventures, Speedinvest, Alma Mundi Ventures, Victory Park Capital, GR Capital, Mountain Partners, Seedcamp, and Sound Ventures. New investors include LGT, Partners Group, Jupiter, and FinTLV.