03/02/2024
How Igloo has grown over the years. Let's get to know us more!
๐๐๐๐ - ๐๐๐๐:
Founded by former Grab CTO Wei Zhu as โAxinanโ, with the mission of making insurance accessible for all through technology.
๐๐๐๐ -๐๐๐๐:
- Rebranded to โIglooโ with a Vision of 'Insurance for All'.
- Spearheaded commercialization with product, regional, and channel expansion.
- Market validation: Raised Series A and A+ funding.
๐๐๐๐: Expanded operations to Vietnam and Malaysia.
๐๐๐๐:
- Launched Ignite by Igloo, a digital platform for intermediaries.
- Chief Commercial Officer, Raunak Mehta gets promoted to Co-Founder and Chief Executive Officer.
- Raised US$19 million in Series B funding, bringing Igloo's total fundraising to over US$36 million.
- Extended Series B funding by US$27 million, bringing Igloo's total fundraising to over US$ 63 million.
๐๐๐๐:
- Expanded to the Philippines
- Launched a rebrand of Ignite to celebrate its first-year milestone, the Ignite platform has recruited over 22,000 agents in Vietnam and Indonesia, facilitating the issuance of more than 36,000 policies and showcasing remarkable growth in the markets.
- Pre-Series C funding of US$36 million, bringing Iglooโs total fundraising to US$100 million.