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Bowtie Life Insurance raises US$70 million in Series C funding round, led by Sun Life. This marks its largest funding effort since launching in 2018.
Amount Raised
$70 Million
Round Type
series c
Investors
Description
Bowtie Life Insurance, Hong Kong's first virtual insurer, announced it has raised US$70 million in its Series C funding round from existing shareholder Sun Life. This funding comes amid a remarkable stock market rally in Hong Kong, enhancing market sentiment for start-ups. Bowtie aims to leverage this investment to expand its operations. Established in 2018, Bowtie can only sell policies online and recently opened a café for customer service.
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