About OneDegree
OneDegree is a company based in Kwun Tong (China) founded in 2016 by Alvin Kwock and Alex Leung.. OneDegree has raised $108.5 million across 7 funding rounds from investors including HSBC, Cathay Financial Holdings and Sun Hung Kai & Co. OneDegree operates in a competitive market with competitors including ZhongAn Insurance, Baozhuniu, ZA Tech, Anbang and Avo Insurance, among others.
- Headquarter Kwun Tong, China
- Founders Alvin Kwock, Alex Leung
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$108.5 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
HSBC
& 8 more
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Employee Count
Employee Count
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Funding Insights of OneDegree
OneDegree has successfully raised a total of $108.5M across 7 strategic funding rounds. 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 7
- Last Round Last Round
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First Round
First Round
(10 Sep 2018)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series B - OneDegree | Valuation | BitRock Capital | |
| Jul, 2023 | Amount | Series B - OneDegree | Valuation | Hailstone Labs | |
| Jul, 2023 | Amount | Debt – Venture - OneDegree | Valuation |
investors |
| 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 OneDegree
OneDegree has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include HSBC, Cathay Financial Holdings and Sun Hung Kai & Co. 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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Venture capital firm investing in the fintech sector
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Founded Year | Domain | Location | |
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Capital and guidance are provided to startups for growth.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage tech startups
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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 OneDegree
| 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 |
Financial Statements - OneDegree
| 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 |
Onedegree Comparisons
Competitors of OneDegree
OneDegree 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 ZhongAn Insurance, Baozhuniu, ZA Tech, Anbang and Avo 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 |
Online insurance platform for individuals
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| domain | founded_year | HQ Location |
Business insurance coverage is provided through an online platform.
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| domain | founded_year | HQ Location |
Digital insurance solutions provider
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| domain | founded_year | HQ Location |
Provides an online platform for diversified insurance products.
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| domain | founded_year | HQ Location |
Web-based insurance quotes and management for individuals are provided.
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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 Onedegree
Frequently Asked Questions about OneDegree
When was OneDegree founded?
OneDegree was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is OneDegree located?
OneDegree is headquartered in Kwun Tong, China. It is registered at Kwun Tong, Hong Kong, China.
Who is the current CEO of OneDegree?
Alvin Kwock is the current CEO of OneDegree. They have also founded this company.
Is OneDegree a funded company?
OneDegree is a funded company, having raised a total of $108.5M across 7 funding rounds to date.
What does OneDegree do?
OneDegree was established in 2016 as an online platform focused on property and casualty insurance. Various coverage options are provided, including fire protection, pet insurance, flood and earthquake damage protection, and cyber insurance. Operations are based in Kwun Tong, Hong Kong, serving users in the region with digital insurance services tailored to personal and business needs.
Who are the top competitors of OneDegree?
OneDegree's top competitors include ZhongAn Insurance, Baozhuniu and ZA Tech.
Who are OneDegree's investors?
OneDegree has 9 investors. Key investors include HSBC, Cathay Financial Holdings, Sun Hung Kai & Co, BitRock Capital, and Alibaba Entrepreneurs Fund.