# Duobaoyu Insurance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/duobaoyu-insurance

- Industry: Insurance
- Headquarters: Hangzhou, China
- Website: www.dby.cn
- Total disclosed funding: $28M
- Latest round: Series B (Sep 17, 2019)
- Investors on record: 5

## About

Established in 2017 and based in Hangzhou, China, Duobaoyu Insurance is an Internet insurance brokerage platform that allows users to directly choose insurance brokers and insurance products, and recommends the most cost-effective insurance products for users. Zhang Yaopeng, founder and CEO of Duobaoyu, graduated from Zhejiang University. He was an early core member of Pancheng Technology and the co-founder of Zhibi Technology. As of 2020, the company has a total of 456 employees. 

The company mainly operates an online insurance platform to provide users with information related to auto insurance and health insurance. Through educating users about insurance knowledge, it helps family users and individual users to choose the most cost-effective insurance products, and provides one-to-one consultation service. 

As of January 2019, the total user premiums exceeded RMB 500 million, and the total insurance coverage exceeded RMB 2 billion.

## Funding rounds

- Series B, Sep 17, 2019, $28M — Lightspeed Venture Partners, YF Capital, Shanghai Paipaidai Financial Information Service Co, Ltd., ZhenFund, BAI Capital
- Series A, Apr 26, 2019 — Lightspeed Venture Partners, ZhenFund, BAI Capital
- Series A, Feb 11, 2019 — ZhenFund, BAI Capital

## Investors

- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Series A, Series B
- BAI Capital (https://capitalatlas.ai/funds/bai-capital) — Series A, Series B
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series B
- YF Capital (https://capitalatlas.ai/funds/yf-capital) — Series B
- Shanghai Paipaidai Financial Information Service Co, Ltd. — Series B