JAKARTA. Qoala, an insurtech startup based in Southeast Asia, announced that the company obtains Series A funding worth US$ 13.5 million, led by Centauri Fund.
Harshet Lunani, Founder and CEO of Qoala, said that the funding would help the company marketing its insurance products. "This makes us very optimistic in achieving Qoala's vision and mission in promoting insurance and providing access to insurance for everyone," Lunani explained through an official statement.
With the funding, Qoala will invest more in improving its technology, resources, and branding. Especially in the coronavirus (COVID-19) pandemic, when the need for insurance products is increasing.
"We see an increasing need for innovation to support the insurance industry especially to overcome the limitations of offline marketing," explained Tommy Martin, Co-Founder of Qoala.
For information, Centauri Fund is a joint venture between KB Financial Group from South Korea and PT Telekomunikasi Indonesia (Persero) Tbk (TLKM). Besides Centauri Fund, there are five new investors involved in this funding (Sequoia India, Flourish Ventures, Kookmin Bank Investment, Mirae Asset Venture Investment, and Mirae Asset Sekuritas).
Meanwhile, six other investors participated in the previous funding round (Central Capital Venture, PT Bank Central Asia Tbk (BBCA), MDI Ventures, Surge, MassMutual Ventures, and Seedplus). (KR/AR)