Page 20 - IGLOO PR REPORT - JANUARY 2024

1/16/24, 1:48 PM Igloo closes US$36M Pre-Series C fundraise with 50% valuation increase | UAE News 24/7
BUSINESS & INVESTMENTS
IGLOO CLOSES US$36M PRE-

SERIES C FUNDRAISE WITH

50% VALUATION INCREASE

JANUARY 15, 2024 LEAVE A COMMENT

Igloo closes US$36M Pre-Series C fundraise with 50%
valuation increase

The regional insurtech has closed a US$36 million Pre-Series C
funding round to support its regional expansion via strategic
acquisitions
The company has seen a 50 per cent rise in its valuation as it
achieves significant business momentum in 2023, and moves
closer to profitability in 2024
Funding led by global investment firm Eurazeo, through its
insurtech fund backed by the insurer BNP Paribas Cardif, with
participation from Openspace’s OSV+, and returning investor La
Maison

UAE, January 15, 2024– Regional insurtechIgloo today
announced that it has closed a US$36 million Pre-Series C funding
round. Global investment firm Eurazeo, through its insurtech fund

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