About Qoala
Qoala is a company based in Jakarta (Indonesia) founded in 2017. Qoala has raised $134.5 million across 6 funding rounds from investors including Mirae Asset, Eurazeo and Peak XV Partners. Qoala has completed 2 acquisitions, including FairDee and KuPay. Qoala offers products and services including Asuransi Kesehatan, Asuransi Jiwa, Asuransi Mobil, Asuransi Motor, and Asuransi Santunan Tunai. Qoala operates in a competitive market with competitors including Generali Indonesia, 9LIVES, Jagadiri, SeaInsure and WowPremi, among others.
- Headquarter Jakarta, Indonesia
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Pt. Mitra Jasa Pratama
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$134.5 M (USD)
in 6 rounds
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Latest Funding Round
$47 M (USD), Series C
Mar 27, 2024
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Investors
Mirae Asset
& 24 more
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Employee Count
Employee Count
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Investments & Acquisitions
FairDee
& 1 more
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Products & Services of Qoala
Qoala offers a comprehensive portfolio of products and services, including Asuransi Kesehatan, Asuransi Jiwa, Asuransi Mobil, Asuransi Motor, and Asuransi Santunan Tunai.
Covers medical and hospital expenses for policyholders.
Provides financial protection against life events.
Offers coverage for car damages and risks.
Insures motorcycles against accidents.
Delivers cash benefits for health-related events.
People of Qoala
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Funding Insights of Qoala
Qoala has successfully raised a total of $134.5M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $47 million completed in March 2024. 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 C — $47.0M
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First Round
First Round
(14 May 2019)
- Investors Count 25
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series C - Qoala | Valuation | PayPal Ventures , MassMutual Ventures | |
| Dec, 2023 | Amount | Series B - Qoala | Valuation |
investors |
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| Jan, 2023 | Amount | Series B - Qoala | Valuation | responsAbility |
Investors in Qoala
Qoala has secured backing from 25 investors, including venture fund and institutional investors. Prominent investors backing the company include Mirae Asset, Eurazeo and Peak XV Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital fund investing in early-stage tech startups
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Founded Year | Domain | Location | |
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Corporate-backed venture capital fund
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage startups backed by corporate office
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Founded Year | Domain | Location |
Financial Statements - Qoala
Qoala Comparisons
Competitors of Qoala
Qoala 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 Generali Indonesia, 9LIVES, Jagadiri, SeaInsure and WowPremi, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers life, health, critical illness, and pension insurance services in Indonesia.
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| domain | founded_year | HQ Location |
Platform offering insurance solutions
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| domain | founded_year | HQ Location |
Provides insurance coverage for health, accidents, vehicles, and life needs.
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| domain | founded_year | HQ Location |
Life and general insurance products
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| domain | founded_year | HQ Location |
Offers a platform for multiple insurance products.
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Frequently Asked Questions about Qoala
Qoala was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Qoala is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Qoala is a funded company, having raised a total of $134.5M across 6 funding rounds to date. The company's 1st funding round was a Series B of $7.5M, raised on May 14, 2019.
Qoala was founded in 2017 in Jakarta, Indonesia, as a diversified internet-first insurance platform targeting individuals. Life and non-life insurance services are delivered through a mobile app, including quotes for travel, health, gadget, and P2P coverage. Claims processing and settlement are managed digitally to support users in the insurance sector across Indonesia.
Qoala's top competitors include 9LIVES, SeaInsure and Generali Indonesia.
Qoala offers Asuransi Kesehatan, Asuransi Jiwa, Asuransi Mobil, Asuransi Motor, and Asuransi Santunan Tunai.
Qoala has 25 investors. Key investors include Mirae Asset, Eurazeo, Peak XV Partners, Mirae Asset, and responsAbility.