# OneDegree

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/onedegree

- Industry: Insurance
- Headquarters: Hong Kong SAR - China
- Website: www.onedegree.hk
- Total disclosed funding: $72M
- Latest round: Series B (Jun 29, 2023)
- Investors on record: 5

## About

Founded in 2016 and based in Kwun Tong, Hong Kong, OneDegree Hong Kong Limited, trading under the name OneDegree, is a digital insurance company that covers pet insurance and fire insurance. The company was co-founded by Alvin Kwock (CEO), and Alex Leung. In December 2024, OneDegree raised an undisclosed amount of venture funding from returning investor Dubai Insurance Co.

The company provides dog insurance, cat insurance, and fire insurance. Pet insurance reimburses up to 90% of vet bills when pets are mild injuries or serious chronic illnesses. Fire insurance covers fire, flood, lightning, and boiler or gas explosion. The firm’s proprietary platform leverages blockchain technology to realize cross-claim processing, strategy management, and advanced analysis of traditional manual processes, thereby providing automated customer service. 

OneDegree plans to use its December 2024 funding to strengthen its market presence in the Middle East and accelerate its talent acquisition.

## Funding rounds

- Series B, Jun 29, 2023, $27M — Gobi Partners, Sun Hung Kai & Co., BitRock Capital
- Series B, Aug 30, 2021, $28M — Gobi Partners, Sun Hung Kai & Co.
- Series A, May 9, 2019, $17M — Cyberport, Cathay Venture, BitRock Capital

## Investors

- Cyberport (https://capitalatlas.ai/funds/cyberport) — Series A
- Cathay Venture — Series A
- BitRock Capital (https://capitalatlas.ai/funds/bitrock-capital) — Series A, Series B
- Gobi Partners (https://capitalatlas.ai/funds/gobi-partners) — Series B
- Sun Hung Kai & Co. — Series B