Tech Company Financing Transactions
Igloo Funding Round
Igloo closed a $36 million Series C funding round on 12/5/2023. Investors included Eurazeo, La Maison Partners and Openspace Ventures.
Transaction Overview
Company Name
Announced On
12/5/2023
Transaction Type
Venture Equity
Amount
$36,000,000
Round
Series C
Investors
Proceeds Purpose
The newly acquired funds will be directed towards both horizontal and vertical mergers and acquisitions, expanding Igloo's workforce, and enhancing its product offerings. This includes investment in motor, health, and climate-related insurance products, as well as advancements in underwriting, claims digitisation, and AI and blockchain technologies.
Company Information
Company Status
Private & Independent
Industry
InsureTech
Mailing Address
4 Robinson Road, The House of Eden, #08-01
Singapore, 048543
SG
Singapore, 048543
SG
Phone
Website
Email Address
Overview
We are an insurance technology company that provides people-first insurance services that are simple to understand -- easy to use, reasonably priced, honest and relevant. We are constantly looking for new, smarter ways to eliminate inefficiencies such as time-consuming procedures, unnecessary insurance agents, small print items. It is about using advanced design and technology.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Raunak Mehta
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