What is Igloo?
Headquartered in Singapore, Igloo operates as a comprehensive full-stack insurtech platform, bridging the gap between traditional insurance providers and digital-first consumers. The company leverages sophisticated big data analytics, real-time risk assessment models, and end-to-end automated claims management to deliver scalable insurance solutions. With a footprint spanning Indonesia, Thailand, The Philippines, Vietnam, and Malaysia, alongside specialized tech centers in China and India, Igloo empowers platform companies to mitigate operational risks and unlock new revenue streams. Its ecosystem approach has facilitated partnerships with over 55 major brands across diverse verticals, including telecommunications, e-commerce, and financial services, effectively democratizing access to insurance products in high-growth regions.
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, Partech, Singtel Innov8, 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
Linear Capital
Linear Capital is a premier business development firm focused on providing emerging companies with actionable guidance and corporate advisory services to accelerate shareholder value.
Partech
Partech is a global investment firm that provides capital, operational expertise, and strategic support to entrepreneurs across seed, venture, and growth stages.
Cathay Innovation
Cathay Innovation is a global venture capital firm that connects multi-stage startups to a worldwide ecosystem, fostering innovation and sustainability through technology.
What's next for Igloo?
With the recent infusion of capital, Igloo is well-positioned to accelerate its regional expansion and deepen its technological moat. The company's strategic roadmap focuses on enhancing its proprietary risk-assessment algorithms and expanding its B2B2C product suite to address the evolving needs of the digital economy. As the firm transitions into a more mature enterprise phase, the focus will likely shift toward deepening market penetration in existing territories and exploring new verticals where automated, data-driven insurance solutions can provide significant competitive advantages. By maintaining its commitment to operational excellence and strategic partnerships, Igloo is poised to remain a dominant force in the insurtech landscape, driving sustainable growth and long-term value for its stakeholders.
See full Igloo company page
