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1/16/24, 1:49 PM Igloo closes US$36M Pre-Series C fundraise with 50% valuation increase | Web Release
BUSINESS
Igloo Closes US$36M Pre-Series C Fundraise With 50% Valuation
Increase
By Editor_wr Last updated Jan 15, 2024
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Regional insurtech Igloo today announced that it has closed a US$36 million Pre-Series C funding round. Global
investment firm Eurazeo, through its insurtech fund backed by the insurer BNP Paribas Cardif, led the investment.
Openspace and La Maison, who previously participated in Igloo’s Series B and Series B+ fundraises, also joined in,
reaffirming their confidence in the company’s strong business fundamentals. Eurazeo invested through its insurtech fund
focused on innovative technologies and business ideas disrupting the insurance industry, whilst Openspace’s investment
in this round comes via its mid-stage fund, OSV+, which is focused on the Series C and D rounds of transformative
technology companies in Southeast Asia.
Matthieu Baret, Managing Partner – Venture at Eurazeo shared: “We are thrilled to invest in Igloo with the insurer BNP
Paribas Cardif. With our investments in China, Indonesia, India, and Singapore, we’re extending our footprint with the
ambition to become a leading player in Asia.”
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