About Igloo Insure
Igloo Insure is a company based in Singapore (Singapore) founded in 2016 by Raunak Mehta.. Igloo Insure has raised $95.2 million across 6 funding rounds from investors including Singtel, Eurazeo and Partech Partners. Igloo Insure has completed 1 acquisition, including Frame XYZ. Igloo Insure offers products and services including Igloo Agent, Igloo Consumer, and Turbo Core System. Igloo Insure operates in a competitive market with competitors including Asuroo and Budget Direct Insurance, among others.
- Headquarter Singapore, Singapore
- Founders Raunak Mehta
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Axinan Pte. Ltd.
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Annual Revenue
$3.72 M (USD)44as on Dec 31, 2022
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Net Profit
$-11.09 M (USD)-57as on Dec 31, 2022
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EBITDA
$-10.73 M (USD)-52as on Dec 31, 2022
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Total Equity Funding
$95.2 M (USD)
in 6 rounds
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Latest Funding Round
$5 M (USD), Series B
Jan 27, 2026
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Investors
Singtel
& 16 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Igloo Insure
Igloo Insure offers a comprehensive portfolio of products and services, including Igloo Agent, Igloo Consumer, and Turbo Core System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managing insurance agents and distribution
Direct platform for consumer insurance products
System for policy and claims management
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Funding Insights of Igloo Insure
Igloo Insure has successfully raised a total of $95.2M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $5 million completed in January 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $5.0M
- First Round First Round
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Series B - Igloo Insure | Valuation |
investors |
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| Dec, 2023 | Amount | Series B - Igloo Insure | Valuation | Eurazeo , BNP Paribas Cardif | |
| Nov, 2022 | Amount | Series B - Igloo Insure | Valuation | Finnfund , La Maison |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Igloo Insure
Igloo Insure has secured backing from 17 investors, including venture fund and institutional investors. Prominent investors backing the company include Singtel, Eurazeo and Partech Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity and debt investments are managed across multiple sectors.
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Founded Year | Domain | Location | |
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Early-stage technology startups are invested in by Openspace Ventures.
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Founded Year | Domain | Location | |
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Growth-stage tech companies are invested in by La Maison Partners.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Igloo Insure
Igloo Insure has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Frame XYZ. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Network building and loyalty management platform for creators
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Igloo Insure
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Igloo Insure Comparisons
Competitors of Igloo Insure
Igloo Insure operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Asuroo and Budget Direct Insurance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers direct insurance services to individuals and businesses for comprehensive coverage needs.
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| domain | founded_year | HQ Location |
Delivers affordable, internet-based insurance solutions for budget-conscious customers.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Igloo Insure
Frequently Asked Questions about Igloo Insure
When was Igloo Insure founded?
Igloo Insure was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Igloo Insure located?
Igloo Insure is headquartered in Singapore, Singapore.
Who is the current CEO of Igloo Insure?
Raunak Mehta is the current CEO of Igloo Insure. They have also founded this company.
Is Igloo Insure a funded company?
Igloo Insure is a funded company, having raised a total of $95.2M across 6 funding rounds to date. The company's 1st funding round was a Series B of $27M, raised on Feb 12, 2018.
What is the annual revenue of Igloo Insure?
Annual revenue of Igloo Insure is $3.72M as on Dec 31, 2022.
What does Igloo Insure do?
Igloo was founded in 2016 in Singapore as an online platform within the insurtech sector. Coverage is provided for health, travel, social, and content insurances, alongside property and casualty options. A claims management system is available for policyholders. AI-based software is employed for product development, market expansion, sales, distribution, and claims processing. Operations are centered in Singapore with a focus on digital insurance services.
Who are the top competitors of Igloo Insure?
Igloo Insure's top competitors include Asuroo and Budget Direct Insurance.
What products or services does Igloo Insure offer?
Igloo Insure offers Igloo Agent, Igloo Consumer, and Turbo Core System.
How many acquisitions has Igloo Insure made?
Igloo Insure has made 1 acquisition, including Frame XYZ.
Who are Igloo Insure's investors?
Igloo Insure has 17 investors. Key investors include Singtel, Eurazeo, Partech Partners, BNP Paribas Cardif, and InsuResilience Investment Fund.