Munich Re and Intact Financial helped the digital insurance platform developer raise series D financing to take its overall funding past $450m.

India-based online insurance platform Acko has raised $255m in a series D round featuring insurance providers Munich Re and Intact Financial at a valuation of $1.1bn, TechCrunch reported yesterday.

The round was co-led by General Atlantic and Multiples Private Equity and also backed by Canada Pension Plan Investment Board and Lightspeed Growth, while Munich Re and Intact Financial invested through their respective corporate venturing…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.