# Carrot General Insurance Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/carrot-general-insurance-co

- Industry: Insurance
- Headquarters: Seoul, South Korea
- Website: www.carrotins.com
- Total disclosed funding: $229M
- Latest round: Series A (Dec 28, 2023)
- Investors on record: 4

## About

Based in Seoul, South Korea, and founded in 2019, Carrot General Insurance Co., Ltd. is an insurance company that provides digital non-life insurance. In December 2023, Carrot General Insurance Co., Ltd. raised KRW 129.8 billion in Series A funding from Hanwha General Insurance and STIC Investments. The funding values the company at KRW 1 trillion post-money. The round was part of a larger KRW 302.2 billion series A funding.
 
The company provides insurance products, including car insurance, smart on insurance, individual and family insurance, and auto and liability insurance. The firm also offers general insurance, contract management, smart on service, and authentication management.

The company plans to utilize the funding raised to expand its business by growing domestically and entering the overseas market.

## Funding rounds

- Series A, Dec 28, 2023, $100M — STIC Investments, Hanwha General Insurance
- Series A, Aug 30, 2022, $129M — Altos Ventures, STIC Investments, Affirma Capital, Hanwha General Insurance

## Investors

- Altos Ventures (https://capitalatlas.ai/funds/altos-ventures) — Series A
- STIC Investments (https://capitalatlas.ai/funds/stic-investments) — Series A
- Affirma Capital (https://capitalatlas.ai/funds/affirma-capital) — Series A
- Hanwha General Insurance — Series A