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OneDegree - Strategic
Overview
Funding Date
December 18, 2023
Financing amount
--
Valuation
--
Category
Subcategory
About OneDegree - Strategic
OneDegree announced it has raised an undisclosed investment amount from Dubai Insurance. The investment is on top of a $55 million Series B round in June, says OneDegree cofounder and CEO Alvin Kwock in a video interview from Dubai. It brings OneDegree’s total amount raised closer to $100 million.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Uncategorized | Emirate of Dubai | 1970 | 1 | -- |
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.