CreditEase Insurance Agency amasses $11m

Feb 28, 2017 • Thierry Heles

IDG Capital has participated in an $11m funding round for CreditEase Insurance Agency, a subsidiary of CreditEase.

CreditEase Insurance Agency, an internet insurance arm of China-based financial services firm CreditEase, has raised RMB800m ($11m) from investors including IDG Capital, according to China Money Network.

IDG Capital, the local VC affiliate of media and technology research firm International Data Group, invested alongside CreditEase’s investment vehicle New Finance Industrial Investment Fund. The transaction valued the internet insurance firm at $200m post-money.

Founded in 2011, CreditEase Insurance Agency sells insurance products through partnerships with a more than 50 domestic and…

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