What is OneDegree?
OneDegree operates as a licensed virtual general insurer headquartered in Hong Kong. The company distinguishes itself by integrating advanced technology into the traditional insurance value chain, offering a seamless, digital-native experience for policyholders. By focusing on transparency and efficiency, OneDegree addresses the evolving needs of modern consumers and enterprises, positioning itself as a disruptive force within the competitive Asian insurance market. Its business model relies on robust data analytics and agile infrastructure to provide comprehensive coverage solutions that are both accessible and scalable.
How much funding has OneDegree raised?
OneDegree has raised a total of $85M across 2 funding rounds:
Series A
$30M
Series B
$55M
Series A (2020): $30M, investors not publicly disclosed
Series B (2023): $55M led by Sun Hung Kai & Co, Gobi Partners, BitRock Capital, and AEF Greater Bay Area Fund
Key Investors in OneDegree
Sun Hung Kai & Co
An alternative investment firm based in Hong Kong that manages a diverse portfolio across public markets, real assets, and financial services.
Gobi Partners
A prominent venture capital firm in Asia dedicated to fostering innovation and supporting digital transformation across emerging markets.
BitRock Capital
A Singapore-based investment firm specializing in FinTech, AI, and digital assets, backed by global strategic relationships.
What's next for OneDegree?
Looking ahead, OneDegree is poised to leverage its recent capital to accelerate product development and expand its footprint within the Greater Bay Area and beyond. The company's strategic roadmap likely includes deepening its technological capabilities in AI-driven risk assessment and enhancing its customer engagement platforms. As the insurtech sector matures, OneDegree's ability to maintain regulatory compliance while fostering innovation will be critical. The ongoing support from institutional investors suggests a long-term commitment to scaling the platform, with a focus on sustainable growth and the potential for further market penetration in the digital insurance space.
See full OneDegree company page
