# Fatberry Sdn. Bhd.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fatberry-sdn-bhd

- Industry: Insurance
- Headquarters: Kuala Lumpur, Malaysia
- Website: www.fatberry.com
- Total disclosed funding: $1M
- Latest round: Seed (Jun 8, 2022)
- Investors on record: 4

## About

Founded in 2017 by John Tan (CEO), Martin Khu, and Priscilla Lim, and based in Malaysia, Fatberry Sdn. Bhd. operates as an intermediary between insurance companies and customers to provide consumers with an online insurance platform where they can buy, compare, customize, and search for life, vehicle, travel, and house insurances, as well as their coverage plans. In April 2021, FatBerry raised USD 6 million in Pre-Series A funding led by Abelco Investment Group AB.

Fatberry is an insuretech platform that sells insurance products digitally and automates the entire process from selling to claiming to reduce the amount of manual work involved. The firm offers car insurance, motorcycle insurance, covid-19+ dengue insurance, health insurance, and travel insurance. Additionally, the company provides BerrySave, an insurance product that is available to privately owned private cars older than one year and with a sum insured greater than RM20,000.

## Funding rounds

- Seed, Jun 8, 2022, $0.4M — ASEAN Fintech Group, Abelco Investment Group
- Seed, Apr 21, 2021, $0.6M — Fatfish Internet Group, PitchIn, Abelco Investment Group

## Investors

- Fatfish Internet Group — Seed
- PitchIn — Seed
- Abelco Investment Group (https://capitalatlas.ai/funds/abelco-investment-group) — Seed
- ASEAN Fintech Group (https://capitalatlas.ai/funds/asean-fintech-group) — Seed