Insurance technology developer InsGeek, whose shareholders already include Tsinghua University-linked THG Ventures and TusStar, has added $25m in series C funding to its coffers.
InsGeek, a China-based employee insurance broker backed by several entities affiliated with Tsinghua University, has closed a $25m series C round co-led by quantitative trading and technology firm Susquehanna International Group, China Money Network reported on Wednesday.
Huaxing New Economic Fund, an investment fund run by asset manager China Renaissance, co-led the round with SIG.
Founded in 2014, InsGeek operates an insurance and health management software platform that allows enterprise clients to build customised corporate insurance and welfare packages. Insurance providers can meanwhile use the product to process claims.
The company will spend the capital on recruitment and an expansion into additional large cities across China. It will also double down on development of its artificial intelligence and big data technology related to pre-diagnosis health and chronic disease management, online diagnostics and rehabilitation treatment.
InsGeek raised $14.4m in series B funding from conglomerate Legend Holdings…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
