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BHL Holdings once again leads the financing at the business insurance InsurTech.
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Deal volume also spiked by 41% and included several high-profile transactions.
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The new entity will begin accepting risks on 1 November.
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Employees will get a £2,000 remote working budget, as the InsurTech provides rotating office space around Europe and regular off-site meetings.
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The division brings together carriers and MGAs, while providing capital advisory, analysis and modelling support.
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Funds will be used to expand in Southeast Asia, India, US and Europe.
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The commercial lines-focused InsurTech will use the round to improve its platform features.
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The US tech giant has participated in three rounds at the Indian start-up, which is valued at around $500mn.
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The New York-based InsurTech launched in Amsterdam earlier this year and made its European debut in Germany last year.
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Wefox CEO Julian Teicke says the successful IPO has calmed investor worries about the sector. -
Waterdrop has been valued at nearly $2bn in the funding round.
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Other InsurTechs are likely mulling IPO options and are garnering more investor interest, according to a report.
