Page 19 - IGLOO PR REPORT - JANUARY 2024

1/16/24, 1:48 PM Igloo closes US$36mln Pre-Series C fundraise with 50% valuation increase
stable foothold for transformational growth. Its solid institutional and family shareholder base, robust
financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its
companies over the long term. Eurazeo has offices in Paris, New York, London, Frankfurt, Berlin, Milan,
Madrid, Luxembourg, Shanghai, Seoul, Singapore and Sao Paulo. Eurazeo is listed on Euronext Paris.

About Openspace

Openspace is a leading Southeast Asian venture capital firm, finding and backing companies creating a
transformative impact where tech meets life. It has 6 funds with $800M in committed capital and has 39
dedicated employees, including full-time specialists within the Portfolio Success team. It is co-

headquartered in Singapore and Jakarta, with active offices in Bangkok, Manila and Ho Chi Minh City. Its
portfolio of 40+ companies includes GoTo, Pick Up Coffee, Halodoc, Kredivo
Holdings. www.openspace.vc

About Igloo

Igloo is a regional full-stack insurtech firm headquartered in Singapore. It has offices in Singapore,
Indonesia, Thailand, The Philippines, Vietnam and Malaysia and tech centres in China and India. With a

mission of making insurance accessible for all, the firm leverages big data, real-time risk assessment,
and end-to-end automated claims management to create B2B2C insurance solutions for platform
companies and insurance companies. Igloo’s insurance solutions enable companies to eliminate their

exposure to operational risk, create new revenue streams, and optimise and enhance existing products
and services. It has partnered with over 75 well-known brand names across the markets in various
verticals, including insurance, telecommunications, e-commerce, hospitality, health tech and financial
services. Recognised by the industry for its innovations and expertise in its space, Igloo was named
‘Insurtech of the Year’ in the 2023 Asia Fintech Awards.

For more information, please visit https://www.iglooinsure.com/.

For further information, please contact:
Orient Planet Group (OPG)
Tel: +971 4 4562888

Email: media@orientplanet.com
Website: www.orientplanet.com

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