What is Igloo?
Igloo operates as a comprehensive insurtech platform, bridging the gap between traditional insurance providers and the digital economy. With a robust presence spanning Singapore, Indonesia, Thailand, The Philippines, Vietnam, and Malaysia, the company leverages advanced big data analytics and real-time risk assessment to facilitate B2B2C insurance distribution. By automating the end-to-end claims management process, Igloo empowers partners in sectors ranging from telecommunications and e-commerce to health tech and financial services to mitigate operational risks while unlocking new revenue streams. The firm's ability to optimize product offerings through data-driven insights has made it a preferred partner for over 55 major brands, effectively democratizing access to insurance products in emerging markets.
How much funding has Igloo raised?
Igloo has raised a total of $90.2M across 3 funding rounds:
Series A
$8.2M
Series B
$46M
Other Financing Round
$36M
Series A (2020): $8.2M with participation from Linear Capital, Singtel Innov8, Partech International, Cathay Innovation, and Openspace Ventures
Series B (2022): $46M led by Finnfund, Cathay Innovation, BlueOrchard Finance, and La Maison
Other Financing Round (2023): $36M supported by La Maison Partners, Eurazeo, and OSV
Key Investors in Igloo
Partech International
A global investment firm that provides capital, operational experience, and strategic support for entrepreneurs at seed, venture, and growth stages across multiple continents.
Cathay Innovation
A global venture capital firm that supports multi-stage startups by connecting them to a worldwide ecosystem and fostering innovation in sectors like finance and healthcare.
Eurazeo
A leading global investment company with deep expertise in private equity and venture capital, supporting companies of all sizes through transformational growth.
What's next for Igloo?
With the infusion of $36M, Igloo is well-positioned to accelerate its regional expansion and deepen its technological moat. The company's strategic roadmap focuses on scaling its automated claims infrastructure and expanding its footprint in high-growth markets like India and China. As the insurtech landscape matures, Igloo is expected to leverage its existing partnerships to introduce more sophisticated, personalized insurance products, further cementing its status as a foundational layer in the digital insurance stack. The continued support from global investment firms suggests a strong market confidence in Igloo's ability to navigate complex regulatory environments while maintaining a sustainable growth trajectory.
See full Igloo company page
