What is Fuse?
Founded in 2017 and headquartered in Jakarta, Indonesia, Fuse operates as a mobile technology platform designed to bridge the gap between insurance companies and their customers. The company aims to streamline the insurance process through its innovative mobile solutions, making insurance more accessible and efficient for all parties involved. Its focus on mobile technology positions it as a key player in the digital transformation of the insurance industry in Southeast Asia.
How much funding has Fuse raised?
Fuse has raised a total of $90M across 3 funding rounds:
Multiple Rounds
$90M
Series A (2021): $10M with participation from Escavel Capital, Target Global, and PICO Venture Partners
Series B (2021): $55M led by EV Growth, Jack Ma, GGV Capital, Emtek, and East Ventures
Series B (2021): $25M, investors not publicly disclosed
Key Investors in Fuse
EV Growth
EV Growth is a venture capital firm that invests in early-stage companies, likely focusing on technology and consumer-facing businesses in Southeast Asia.
Jack Ma
Jack Ma is a prominent Chinese business magnate and investor, known for co-founding Alibaba Group. His investment suggests a belief in Fuse's disruptive potential in the digital economy.
GGV Capital
GGV Capital is a global venture firm investing in seed-to-growth stage companies across Social/Internet, Enterprise Tech, and Smart Tech sectors, with a focus on backing founders worldwide.
What's next for Fuse?
With the recent infusion of major strategic capital, Fuse is poised for accelerated growth and further platform development. The company is likely to leverage this investment to enhance its technological infrastructure, expand its market reach within Indonesia and potentially other regions, and forge deeper partnerships with insurance providers. This funding will be instrumental in solidifying Fuse's position as a leader in the mobile insurtech space, driving innovation and improving customer experiences in the insurance sector.
See full Fuse company page
