The online insurer took its total valuation to $500m in a round led by Munich Re Ventures and backed by fellow corporate investors Amazon and Intact Financial.

Munich Re Ventures, the corporate venturing arm of reinsurer Munich Re, led a $60m series D round for India-based online insurance platform Acko Technology yesterday, TechCrunch reported.

E-commerce and cloud services group Amazon also invested, as did Intact Ventures, the corporate venture capital arm of insurance provider Intact Financial, and venture capital firm RPS Ventures. The round reportedly valued the company at approximately $500m.

Acko runs an online platform that sells automotive and healthcare insurance policies directly to consumers and…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
Email LinkedIn