# FUSE NANO Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fuse-nano-technology-co

- Industry: Insurance
- Headquarters: West Jakarta, Indonesia
- Website: www.fuse.co.id
- Total disclosed funding: $70M
- Latest round: Series B (Dec 13, 2021)
- Investors on record: 10

## About

Based in Indonesia, FUSE NANO Technology Co. Ltd. specializes in technology solutions that connect insurance providers with clients through a mobile platform, facilitating efficient transactions in the insurance market.FUSE NANO Technology Co. Ltd. is a technology firm focused on providing a mobile platform for insurance transactions. Founded in 2014 in West Jakarta, Indonesia, it has undergone strategic pivots to enhance its service offerings. The company has successfully raised funding in four deals, with the most recent Series B round on December 13, 2021, securing USD 25.00 mn from investors including East Ventures, Emtek Group, Granite Asia, and eWTP Capital. The total amount raised by the company amounts to USD 25.00 mn, with no mention of subsidiaries or parent companies.Fuse primarily offers a mobile application named Fuse Pro, which connects insurance providers with individual and corporate clients. The application allows users to buy, sell, and manage financial products digitally, streamlining the process from purchase to claims. Targeted users include consumers seeking various insurance types such as property, vehicle, and health, alongside business partners in e-commerce and financial sectors. The company focuses on the Indonesian market, with intentions to expand into Southeast Asia.Fuse operates on a commission-based revenue model, collecting fees from transactions made through the Fuse Pro application. The business primarily engages in B2B relationships, facilitating direct sales of insurance products including property, vehicle, and health insurance. The straightforward transaction structure is designed to ensure immediate access to insurance solutions while maintaining high standards of service.Following its Series B funding round in December 2021, where FUSE NANO Technology Co. Ltd. raised USD 25.00 mn, the company plans to utilize these funds to expand its operations into more countries within Southeast Asia. This expansion aligns with their strategy to enhance market presence and develop new products aimed at improving user engagement through innovative technology solutions.

## Funding rounds

- Series B, Dec 13, 2021, $25M — Granite Asia, East Ventures, eWTP Capital, Emtek Group
- Series B, Sep 16, 2021, $15M — CreditEase Fintech Investment Fund, eWTP Capital, Saratoga
- Series B, Aug 9, 2021, $30M — Granite Asia, Golden Gate Ventures, East Ventures, SMDV, CreditEase Fintech Investment Fund, Heyokha Brothers, eWTP Capital, EV Growth, Emtek Group, Saratoga
- Series A, Oct 15, 2019 — East Ventures

## Investors

- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Series A, Series B
- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Series B
- Golden Gate Ventures (https://capitalatlas.ai/funds/golden-gate-ventures) — Series B
- SMDV (https://capitalatlas.ai/funds/smdv) — Series B
- CreditEase Fintech Investment Fund (https://capitalatlas.ai/funds/creditease-fintech-investment-fund) — Series B
- Heyokha Brothers (https://capitalatlas.ai/funds/heyokha-brothers) — Series B
- eWTP Capital — Series B
- EV Growth — Series B
- Emtek Group — Series B
- Saratoga — Series B