Qoala

InsuranceSeries CJakarta, Indonesiaqoala.id

Latest round

Series C

Last raised

Mar 2024

Total raised

$137M

Investors

27

About Qoala

Founded in 2018 in Jakarta, Indonesia, Qoala operates as a leading provider of insurance products. The company has pivoted towards integrating advanced technological solutions to enhance customer experiences and streamline operations. Qoala was co-founded by Harshet Lunani and Tommy Martin, who have a history of entrepreneurship in the tech and insurance sectors. Qoala Indonesia operates as a leading insurtech company, offering a comprehensive suite of insurance solutions tailored to meet the diverse needs of consumers and businesses. The company’s core product offerings include various insurance plans that encompass health, property, and personal liability, designed to provide extensive coverage and financial protection against unforeseen circumstances. These solutions target key end-use cases such as safeguarding individual assets, ensuring health security, and protecting families from financial burdens related to accidents or emergencies.Qoala Indonesia's revenue generation model is primarily based on direct-to-consumer transactions, where individuals purchase insurance products tailored to their needs. These transactions typically occur through a digital platform, allowing customers to easily compare and select insurance plans that best suit their requirements. The company employs a pricing structure that varies based on the type of insurance product acquired, with specific plans offering extensive coverage at competitive rates. Notably, flagship products may include specialized health insurance plans and comprehensive property coverage, which are essential offerings designed to attract a wide array of clients. The company's focus on digital accessibility ensures streamlined transactions, enhancing customer experience and engagement while driving revenue growth through increased policy uptake.

Who invested in Qoala

27 investors across 6 rounds

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Funding rounds

  1. Series C

    Mar 26, 2024

    Amount

    $47M

    Investors

    Locked

  2. Series B

    Jan 26, 2023

    Amount

    $7.5M

    Investors

    Locked

  3. Series B

    Jun 7, 2022

    Amount

    $61M

    Investors

    Locked

  4. Series A

    Mar 10, 2021

    Amount

    $5.2M

    Investors

    Locked

  5. Series A

    Jul 1, 2020

    Amount

    $14M

    Investors

    Locked

  6. Seed

    Apr 12, 2019

    Amount

    $2.8M

    Investors

    Locked

Questions about Qoala

Who invested in Qoala?

Qoala has 27 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 Qoala raised?

Qoala has raised 6 venture rounds. Sign up free to see how much each round raised and the total.

When did Qoala last raise money?

Qoala's most recent round on record is a Series C, in Mar 2024.

What does Qoala do?

Founded in 2018 in Jakarta, Indonesia, Qoala operates as a leading provider of insurance products.

Where is Qoala headquartered?

Qoala is headquartered in Jakarta, Indonesia.

Which VCs invest in companies like Qoala?

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 Qoala's stage. Their profiles are linked below.

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