About Singlife
Singlife is a company based in Singapore (Singapore) founded in 2014 was acquired by Sumitomo Life Insurance Company in December 2023.. Singlife has raised $319.05 million across 7 funding rounds from investors including Aflac, Aboitiz and Sumitomo Life Insurance Company. Singlife has completed 2 acquisitions, including Aviva and Your Canvas.
- Headquarter Singapore, Singapore
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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
$319.05 M (USD)
in 7 rounds
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Latest Funding Round
$132.8 M (USD), Series D
Nov 09, 2023
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Investors
Aflac
& 8 more
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Employee Count
Employee Count
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Investments & Acquisitions
Aviva
& 1 more
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Acquired by
Sumitomo Life Insurance Company
(Dec 22, 2023)
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Leadership Team
42 people
Software Development Team
30 people
Product Management Team
14 people
Finance and Accounting
14 people
Human Resources and Administration
9 people
Head Team
8 people
Sales and Marketing
5 people
Operations Team
4 people
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Funding Insights of Singlife
Singlife has successfully raised a total of $319.05M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $132.8 million completed in November 2023. 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 Series D — $132.8M
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First Round
First Round
(27 Apr 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2023 | Amount | Series D - Singlife | Valuation | Sumitomo Life Insurance Company |
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| Aug, 2021 | Amount | Series C - Singlife | Valuation | Aboitiz |
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| Jul, 2019 | Amount | Series C - Singlife | Valuation | Sumitomo Life Insurance Company |
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| 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 Singlife
Singlife has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Aflac, Aboitiz and Sumitomo Life Insurance Company. 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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Diversified secondary market and venture capital investments are managed.
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Founded Year | Domain | Location | |
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Investments in early to late-stage tech startups are managed.
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Founded Year | Domain | Location | |
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Investments are made by IPGL in financial and multiple sectors.
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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 Singlife
Singlife has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Aviva and Your Canvas. 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.
|
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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NFC-enabled prepaid cards are offered for parents, kids, and workers.
|
2017 | ||||
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Insurance services are provided to customers in Singapore by Aviva.
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Singlife
| 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 |
Singlife Comparisons
Competitors of Singlife
| 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 Singlife
Frequently Asked Questions about Singlife
When was Singlife founded?
Singlife was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Singlife located?
Singlife is headquartered in Singapore, Singapore.
Is Singlife a funded company?
Singlife is a funded company, having raised a total of $319.05M across 7 funding rounds to date. The company's 1st funding round was a Series C of $90M, raised on Apr 27, 2017.
What does Singlife do?
Provider of an app-based life and health insurance platform. It offers quotes for term life insurance, critical illness, death, terminal illness, cancer plans, and more. It also provides claims processing services. It offers wealth management services. It allows users to track insurance and control money spending. Its app is available on Android and iOS platforms.
How many acquisitions has Singlife made?
Singlife has made 2 acquisitions, including Aviva, and Your Canvas.
Who are Singlife's investors?
Singlife has 9 investors. Key investors include Aflac, Aboitiz, Sumitomo Life Insurance Company, Aberdeen Standard, and Ion Pacific.
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