Fundz

Amazon-Backed Acko Nears $120 Million In New Funding

PRIVATEMar 29, 2023

Amount Raised

$120 Million

Round Type

Funding Round

BengaluruTravelEmployee BenefitsInsurtechInsurance

Investors

General Atlantic

Description

Indian insurtech Acko is in late-stage discussions to secure $120 million in a funding round at a time when weak global market conditions have subdued large financing deliberations in the South Asian market.

Quick answer

Acko raised $120 Million in a Funding Round round, dated March 29, 2023. Investors: General Atlantic. Acko is based in Bengaluru, Karnataka, India.

How much did Acko raise?
Acko raised $120 Million in a Funding Round round on March 29, 2023.
Who invested in Acko?
General Atlantic is named as investors in this round.
What does Acko do?
ACKO, launched in 2016, is a tech company which is solving real-world problems for customers, starting with insurance.
Where is Acko based and how big is it?
Acko is based in Bengaluru, Karnataka, India.
Who are the decision-makers at Acko?
Fundz holds 3 contacts at Acko. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Travel and Employee Benefits around the same time

Companies in the same sectors as Acko that raised within 45 days of this round, from Fundz verified event records.

  • Go Digit Infoworks Services raised an undisclosed amount (IPO) on April 24, 2023.
  • Axle raised $4M (Seed) on April 13, 2023.
  • Nsure.com raised an undisclosed amount (Corporate Round) on April 11, 2023.
  • Naked Insurtech raised $17M on February 15, 2023.
  • Curacel raised an undisclosed amount (Funding Round) on February 14, 2023.
  • Ravin AI raised an undisclosed amount on May 11, 2023.

Who to call at Acko, and when

A new round usually means Acko is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Acko raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Acko, from your own LinkedIn network

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Company Information

Company

Acko

Location

Bengaluru, Karnataka, India

About

ACKO, launched in 2016, is a tech company which is solving real-world problems for customers, starting with insurance. We are India’s first digital-native insurer and have meaningfully redefined the insurance category. As a new-age brand, ACKO has brought the customer into the focus with fair pricing, convenience, and superior customer experience.

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Related People

3 contacts
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Acko raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.