Wefox, a German digital insurer, raised $400 million in Series D equity and debt funding led by existing investor Mubadala at a $4.5 billion valuation.
Why it matters: This is an up-round in a unicorn roadkill world.
Other investors include Eurazeo, LGT, Horizons Ventures, OMERS Ventures and Target Global.
Selective sharing: Wefox won't disclose the round's debt-to-equity ratio, even though it will disclose the round size, valuation and revenue ($200m+ in first round months of 2022, on $600m rev run rate).
