MassMutual Ventures SEA, MDI Ventures and Central Capital Ventura have participated in the insurtech provider’s seed round sized at more than $1.5m.

Indonesia-based insurance technology developer Qoala has raised an undisclosed amount in a seed round from investors including corporates MassMutual, Telkom Indonesia and Bank Central Asia, Daily Social reported yesterday.

Insurance firm MassMutual, telecommunications firm Telkom Indonesia and financial services firm Bank Central Asia invested through MassMutual Ventures SEA, MDI Ventures and Central Capital Ventura vehicles.

The round also included SeedPlus, Golden Gate Ventures, Genesia Ventures and Sequoia Capital India, which provided $1.5m through its Surge accelerator.

Founded in 2018, Qoala…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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