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OneDegree - Extended Series B
Overview
About OneDegree - Extended Series B
OneDegree, one of Hong Kong’s first virtual insurers, has raised US$27 million in its latest fundraising campaign to finance expansion of its digital assets insurance portfolio, the company said on Thursday.
Gobi Partners, Sun Hung Kai and BitRock, which have already invested in the online insurer, are joined by new investors in financing this round of fundraising. This is the fifth fundraising effort since the company’s establishment in 2016, and follows the US$28 million financing completed in 2021, bringing the aggregate funds raised to more than US$97 million.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | China | 2002 | 3 | [email protected] | ||
| Fund | Hong Kong | 1969 | 4 | -- | ||
| Fund | Singapore | 2018 | 3 | -- |
Founders & Team
Alvin Kwock Yin-lun
Alex Leung Te-yuan
Company Profile / Project Introduction
OneDegree was established in 2016 to accelerate technological innovations in the insurance industry and to make insurance more accessible to everyone. OneDegree has operations in Hong Kong, Taipei, Shenzhen and Singapore. Its subsidiary OneDegree Hong Kong received a virtual insurer licence from the Hong Kong Insurance Authority in April 2020. It has a multi-line digital insurance business that offers protection for pet, e-commerce, home, critical illness and digital assets for individuals and businesses. Another subsidiary, OneDegree Global, is a provider of modern insurance technology solutions, which have been well-received in the industry and are adopted by leading insurers in Asia seeking to accelerate digital transformation.