Founded in 2016, Igloo develops a technology platform that embeds micro-insurance products into the digital customer journeys of e-commerce, fintech and other online partners. The company operates in eight Southeast Asian markets and has facilitated more than 600 million insurance policies to date. Beyond traditional cover, Igloo has moved into climate-resilience insurance, offering data-driven protection against floods, fires and extreme weather events. It recently formed a joint venture with Thailand’s JMT Network Service to launch a fully digital insurer, a blueprint it intends to replicate in Indonesia and the Philippines. Igloo positions itself as an enabler of affordable, retail-focused insurance, leveraging data and partnerships to widen access. Financially, the startup raised over US$26 million in December 2023 and has accumulated US$79.19 million in equity funding from investors such as Openspace Ventures, Cathay Innovations, Blue Orchard and FinnFund.

Total raised

$76M

Funding rounds

4

Latest round

Equity

Latest activity

Jan 2026