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Singapore based Insurtech Symbo Secures $9 4M to Expand Coverage Across India and Southeast Asia

Singapore based Insurtech Symbo Secures $9.4M to Expand Coverage Across India and Southeast Asia   Singapore-based Symbo Platform Holdings, an Insurtech platform, has finalized a $9.4 million funding round that was led by the CreditEase Fintech Investment Fund. Symbo’s investment round included contributions from San Francisco’s investment company Think Investments along with investments from existing investors AJ Capital, Insignia Ventures, and Integra Partners. With this latest investment, the Symbo team plans to enhance its core technology stack and further support a dynamic leadership team in order to bring its product offerings to scale across India and the wider Southeast Asia region.

[Weekly funding roundup] Venture investments begin on a tepid note for month of March

[Weekly funding roundup] Venture investments begin on a tepid note for month of March Venture funding for first week of March was little under $50 million with lower number of deals, but debt financing was higher at $55 million 0 claps Share on The first week of March has not begun on a positive note for the Indian startup ecosystem with decline in venture funding when compared to the last week of February. The week saw total venture funding of $49 million spread across 14 deals. This compared poorly with the last week of February, where the amount had touched $403 million. Although, the positive highlight of the week was debt venture fund, which actually had a higher amount when compared to the equity funding. There were four debt deals during the week which garnered $55 million.

Insurtech startup Symbo raises $9 4M in round led by CEFIF, Think Investments

Share on Singapore-based insurtech startup Symbo Platform Holdings raised $9.4 million in a round led by CreditEase Fintech Investment Fund (CEFIF) and San Francisco-based Think Investments. The round also saw participation from existing investors Integra Partners, Insignia Ventures, and AJ Capital. In a statement, the startup said a large portion of the fund has been earmarked for investments in Symbo’s Indian affiliate.  The Indian arm, Symbo India Insurance Broking, has been mainly working towards simplifying insurance for customers. It is helping users buy covers personalised to their needs.  The startup said it provides small-ticket products such as marathons, fitness, and spectacle covers. In India, Symbo works with clients including

Startup news and updates: daily roundup (March 4, 2021)

Startup news and updates: daily roundup (March 4, 2021)
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