Igloo, a regional insurtech in Asia, 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.
At the same time, Openspace and La Maison, who previously participated in Igloo’s Series B and Series B+ fundraises, also joined in on the investment.
According to the announcement, 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 focuses on the Series C and D rounds of transformative technology companies across Southeast Asia.
