# Lima Insurance Cloud

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

- Industry: Insurance
- Headquarters: Beijing, China
- Website: www.zhongbaounion.com
- Total disclosed funding: $75M
- Latest round: Series B (Apr 22, 2021)
- Investors on record: 5

## About

Founded in 2017 and headquartered in Beijing, China, Lima Insurance Cloud specializes in providing innovative SaaS solutions for the insurance industry, enhancing operational efficiency and improving customer experiences through advanced microservices.Lima Insurance Cloud focuses on delivering SaaS-based technology solutions for the insurance sector. The company was founded in Beijing, China, in 2017, and has undergone strategic developments to enhance its service offerings. Chao Li serves as CEO. The company has successfully raised RMB 300 million in Series B funding on April 22, 2021, led by Unicorn Capital Partners, with participation from Cherubic Ventures, Jiyuan Capital, and Hillhouse Capital Group. To date, Lima Insurance Cloud has completed a total of 5 deals, bringing its total amount raised to RMB 300 million.Lima Technology offers a comprehensive suite of SaaS-based microservices and micro-core service architectures tailored for the insurance industry. Their solutions aim to enhance connectivity and deliver value-added services across the insurance ecosystem, empowering operations through technological innovation and addressing key challenges such as operational efficiency, cost reduction, and customer experience improvement. Lima Technology primarily serves large insurance companies and health service providers in the Chinese market, while also looking to expand into other regions prioritizing digital transformation in insurance.Lima Technology's revenue model is predominantly subscription-based, allowing clients to access their SaaS technology solutions continuously. This model fosters partnerships that lead to direct transactions, creating a steady revenue stream reflective of ongoing client reliance on their technology. The company's offerings are structured to cater to various client tiers, including large enterprises and smaller providers, enhancing flexibility in pricing and services. This approach strengthens long-term client relationships, contributing to revenue growth as clients scale their operations.Lima Insurance Cloud plans to further innovate by designing and launching new products that will enhance their service capabilities, although specific release dates have not been disclosed. The company aims to expand into additional markets beyond China, targeting regions where digital transformation in insurance is critical. The recent funding of RMB 300 million raised in Series B will be utilized to support these growth initiatives and product developments, reinforcing Lima's commitment to expanding its influence in the insurance technology sector.

## Funding rounds

- Series B, Apr 22, 2021, $46M — Hillhouse Investment, Unicorn Capital Partners, Cherubic Ventures, Jiyuan Capital
- Series A, Dec 3, 2019, $28M — Hillhouse Investment, Cherubic Ventures, Jiyuan Capital
- Series A, Mar 29, 2019 — Cherubic Ventures, Funcity Capital, Jiyuan Capital
- Angel, Jan 1, 2018 — Cherubic Ventures

## Investors

- Cherubic Ventures (https://capitalatlas.ai/funds/cherubic-ventures) — Angel, Series A, Series B
- Funcity Capital (https://capitalatlas.ai/funds/funcity-capital) — Series A
- Jiyuan Capital (https://capitalatlas.ai/funds/jiyuan-capital) — Series A, Series B
- Hillhouse Investment (https://capitalatlas.ai/funds/hillhouse-investment) — Series A, Series B
- Unicorn Capital Partners (https://capitalatlas.ai/funds/unicorn-capital-partners) — Series B