Qoala is an insurtech startup founded in 2018 with a mission to simplify and democratize insurance for customers in Southeast Asia. The company operates as an omnichannel insurance platform across Indonesia, Malaysia, Vietnam, and Thailand. Its offerings include the Qoala App, a digital insurance marketplace, Qoala Plus, a digital solution for selling various insurance products, and Qoala for Enterprise, a corporate insurance solution. Qoala is also committed to building a diverse and inclusive workforce and is dedicated to providing value to all stakeholders including insurance partners, customers, and regulators. With its latest $47.00M Series C investment secured on March 27, 2024, Qoala is backed by prominent investors such as AppWorks, MassMutual Ventures, MUFG Innovation Partners, Omidyar Network, Euazeo, Flourish Ventures, PayPal Ventures, and Ohana Holdings. The company's focus on leveraging technology to make insurance accessible and affordable for all and its strategic expansion in the Southeast Asian market make it an attractive prospect for potential investors. Qoala's commitment to innovation, diverse talent pool, and its strong foothold in the region position it as a promising player in the evolving insurtech landscape.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series C | IDR713.30B | 8 | PayPal Ventures, Ohana Holdings | 27 Mar 2024 |
Series B | $7.50M | 4 | 03 Jan 2023 | |
Series B | $65.00M | 10 | MMV Europe & Asia-Pacific | 12 May 2022 |
Series A | $13.50M | 10 | MMV Europe & Asia-Pacific | 28 Apr 2020 |
Seed Round | $3.00M | 4 | MMV Europe & Asia-Pacific | 19 Apr 2019 |