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Boost secures US$20 million from IFC, raising its valuation to US$340 million. This investment will support Boost’s expansion plans.
PRIVATEAug 31, 2026•5 days ago
Amount Raised
$20 Million
Round Type
Venture - Series Unknown
Investors
International Finance Corporation
Description
The International Finance Corporation (IFC) acquired an interest in Boost Holdings through a US$20 million preference-share investment that placed its post-money valuation at US$340 million. Boost continues to engage with other prospective investors for additional backing. Axiata Group's CEO indicated that more capital would help Boost with its expansion plans. An agreement signed on 31 July covered IFC’s subscription for 11.7 million preference shares.
Company Information
Company
Boost
About
Boost is a property and casualty insurer committed to adding new distribution partners, expanding reinsurance capacity, and launching new lines of business. They are dedicated to strengthening their team with top-tier talent.
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