, Indonesia

Qoala raises $65m in new funding round

The round was led by Eurazeo with participation from several existing investors.

Indonesian insurtech Qoala has successfully raised $65m in a Series B funding round led by Eurazeo with participation from several existing investors including Flourish Ventures, KB Investment, MassMutual Ventures, MDI Ventures, SeedPlus and Sequoia Capital India. 

In addition, BRI Ventures, Daiwa PI Partners, Indogen Capital, Mandiri Capital Indonesia and Salt Ventures also joined the investment round as new investors.

Qoala is an insurtech firm based in Indonesia that distributes retail insurance products to consumers for cars, bikes, homes, and health through its omnichannel platform. It recently had a successful expansion to Thailand and Malaysia in 2021.

Since Series A funding round in 2020, Qoala has acquired over 50,000 insurance marketers and provided them a platform supported by over 50 insurers for them to sell insurance from multiple insurers, whilst managing pre-sale and post-sale services. It also provides several innovative micro-insurance products through its partnerships with Traveloka, Redbus, DANA, JD.ID, Shopee, Kredivo and Investree among others.

Qoala plans to use the fresh funds to invest in technology and product as well as grow its team.

You may also like:

Generali Asia appoints new general manager of China business

Robots gets insurance cover in South Korea

CoverGo raises $15m in new funding round

Follow the links for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Top three things killing the insurance industry
Thanks to these threats, 54% of insurers had an ROE below their cost of equity.
How Emma transforms AXA Mandiri's digital strategies
Emma is an all-in-one digital platform that meets the customers' needs, from purchasing an insurance policy to booking gym classes.