Blockchain insurtech company Igloo has completed a $36 million Series C pre-financing, led by Eurazeo

2023-12-04 09:56:25

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ChainCatcher news, according to Tech in Asia, blockchain insurtech company Igloo has completed a $36 million Series C pre-financing round, led by French investment firm Eurazeo, with participation from Openspace Ventures and La Maison. This round of financing will be used to support acquisition efforts next year and strengthen its data infrastructure.

Founded in 2016, Igloo has launched an AI-driven productivity enhancement platform called Ignite by Igloo for sales intermediaries in Vietnam, which is also available in Indonesia. Additionally, the company has introduced a blockchain-based specific adverse weather insurance product, Weather Index Insurance, for farmers in Vietnam and other Southeast Asian markets.

Previously, in November 2022, according to Techcrunch, blockchain insurtech startup Igloo secured an additional $27 million investment, completing a total of $46 million in Series B financing, with participation from the German Development Bank KfW's InsuResilience Investment Fund II, WAM, Finnfund, La Maison, and Cathay Innovation.

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