Igloo
Latest round
- Series B
Last raised
- Nov 2022
Total raised
- $82M
Investors
- 14
About Igloo
Igloo is an insurtech company that specializes in delivering innovative and user-friendly insurance solutions, focusing on enhancing accessibility and efficiency in the insurance market across Southeast Asia. Founded in 2016 in Singapore, Igloo operates as a full-stack insurtech company. The firm was established with a focus on providing customized insurance solutions. Notably, Singtel Innov8 has exited its stake in Igloo. Wei Zhu is among the founders, while Kamrul Hassan serves as CEO. Igloo operates as a full-stack insurtech company, offering a range of innovative insurance solutions designed to enhance accessibility and efficiency in the insurance market. The company’s core product offerings include customized insurance solutions such as usage-based coverage for automobiles and motorcycles, tailored cyber-risk insurance, and health insurance specifically for gamers. Additionally, Igloo provides direct-to-consumer insurance marketplaces, which allow businesses to embed tailored insurance products within their platforms, thereby facilitating a seamless user experience. The primary markets served by Igloo include Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, focusing on industries ranging from e-commerce and telecommunications to banking and consumer finance.50. The company's revenue model is primarily built around partnerships and direct-to-consumer transactions, leveraging its scalable insurtech platform to drive business growth. Igloo collaborates with over 75 insurance and distribution partners across Southeast Asia, facilitating a variety of insurance offerings through a mix of B2B and direct-to-consumer channels. Clients such as e-commerce platforms can integrate Igloo's insurance products into their offerings, generating revenue through policy sales and commission structures. Flagship products like gadget insurance and transit insurance are tailored to cater to consumer demands, supported by advanced technology and big data insights for competitive pricing.
Who invested in Igloo
14 investors across 6 rounds
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Questions about Igloo
Who invested in Igloo?
Igloo has 14 investors on record across 6 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Igloo raised?
Igloo has raised 6 venture rounds. Sign up free to see how much each round raised and the total.
When did Igloo last raise money?
Igloo's most recent round on record is a Series B, in Nov 2022.
What does Igloo do?
Igloo is an insurtech company that specializes in delivering innovative and user-friendly insurance solutions, focusing on enhancing accessibility and efficiency in the insurance market across Southeast Asia.
Where is Igloo headquartered?
Igloo is headquartered in Singapore, Singapore.
Which VCs invest in companies like Igloo?
Among active investors with capital left to deploy, ICBC Capital Management, China Life Capital, GoHigh Capital and ABQH Shenzhen Investment Fund Management back insurance companies at Igloo's stage. Their profiles are linked below.
VCs backing insurance startups at Series B
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