PDDai and Bertelsmann Asia Investments invested as part of a round bringing the online insurance consultancy’s overall funding to more than $41m.

China-based online insurance consultancy Duobaoyu Insurance has collected RMB200m ($28.3m) in a series B round co-led by online lending marketplace PPDai and private equity firm Yunfeng Capital, 36Kr has reported.

The round included Bertelsmann Asia Investments (BAI), a corporate venturing vehicle for media group Bertelsmann, as well as Lightspeed China Partners and ZhenFund. The company was advised by Taihe Capital.

Founded in 2017, Duobaoyu runs an online consultancy service providing advice on long-term health insurance products for customers aged 25…