Igloo

company

About

Igloo is an insurtech AI platform that provides insurance accessible through creating digital insurance products.

Details

Last Funding Type
Series B
Last Funding Money Raised
$27M
Industries
Artificial Intelligence,Financial Services,FinTech,Insurance,InsurTech
Founded date
Jun 1, 2016
Number Of Employee
101 - 250
Operating Status
Active
Legal Name
Axinan Pte. Ltd.
Also Known As
Axinan

Igloo is the first full-stack insurtech firm to emerge from Singapore. It has offices in Singapore, Indonesia, Thailand, The Philippines, Vietnam, and Malaysia and tech centers in China and India. With a mission of making insurance accessible for all, the firm leverages big data, real-time risk assessment, and end-to-end automated claims management to create B2B2C insurance solutions for platform companies and insurance companies. Igloo’s insurance solutions enable companies to eliminate their exposure to operational risk, create new revenue streams, and optimize and enhance existing products and services. Igloo has partnered with over 55 well-known brand names across the markets in various verticals, including insurance, telecommunications, e-commerce, hospitality, health tech and financial services.


For more information, please visit https://www.iglooinsure.com/.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$62M
Igloo has raised a total of $62M in funding over 2 rounds. Their latest funding was raised on Nov 28, 2022 from a Series B round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 28, 2022 Series B $27M 5 InsuResilience Investment Fund Detail
Mar 10, 2022 Series B $19M 5 Cathay Innovation Detail
Apr 24, 2020 Series A $16M 6 InVent Detail

Investors

Number of Lead Investors
Number of Investors
3
11
Igloo is funded by 11 investors. InsuResilience Investment Fund and InVent are the most recent investors.
Investor Name Lead Investor Funding Round
InsuResilience Investment Fund Yes Series B
InVent Yes Series A
Finnfund Series B
Cathay Innovation Series B
La Maison Partners Series B
Women’s World Banking Asset Management Series B
Asian Capital Alliance Series B
Openspace Series B
Partech Series B
Singtel Innov8 Series B

Employee Profiles

Number of Employee Profiles
14
Igloo has 14 current employee profiles, including Board member Rajive Keshup
Board member
Board member
Executive
Board member
Board member