Successfully Closes US$19 Million Series B Round Led by Cathay Innovation Igloo’s insurance solutions have facilitated over 200 million policies across Southeast Asia since 2019 Bolsters leadership: Raunak Mehta, previously Chief Commercial Officer, is promoted to Co-founder and Chief Executive Officer Successfully closed a Series B fundraise to drive its regional expansion efforts; looks to secure additional funding this year Series B funding was led by Cathay Innovation, a global venture capital firm, with participation from ACA Investments, a Daiwa-backed growth-stage investment fund, and existing investors including Openspace Ventures (a Temasek-backed and Southeast Asia focused multi-stage investor), Singtel Innov8 (the corporate venture capital arm of Singtel Group), and Partech Ventures (a US-headquartered global venture capital firm). Regional insurtech firm, Igloo , recently announced the promotion of Raunak Mehta, previously Chief Commercial Officer as its new Co-founder and
