Fundz

Qoala Raises Us$ 65 Million In Series B, Clocking 30X Business Growth Since Series A

PRIVATEMay 12, 2022

Amount Raised

$65 Million

Round Type

Series A

Insurance

Description

Entering 2022, Indonesian insurtech startup Qoala, has successfully raised Series B funding of US$ 65 million. The company distributes retail insurance products to consumers for car, bike, home, and health through its omnichannel platform. Based in Indonesia, the platform has successfully expanded to Thailand and Malaysia in 2021, strengthening Qoala's commitment to make insurance accessible, easy to understand, and help consumers better with their claims.

Quick answer

Qoala raised $65 Million in a Series A round, dated May 12, 2022.

How much did Qoala raise?
Qoala raised $65 Million in a Series A round on May 12, 2022.
What does Qoala do?
Founded in 2018, Qoala is an omnichannel insuretech company, with a purpose to democratize, empower and redefine insurance for customers.
Who are the decision-makers at Qoala?
Fundz holds 1 contact at Qoala. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Insurance around the same time

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

  • Amplify raised $10M on June 24, 2022.
  • Laka raised an undisclosed amount (Funding Round) on June 24, 2022.
  • Nava Benefits raised $40M (Funding Round) on June 8, 2022.
  • Fulcrum raised $5M (Funding Round) on May 19, 2022.
  • Konsileo raised $6.1M (Series A) on May 7, 2022.
  • Juno raised $3.1M (Seed) on May 6, 2022.

Who to call at Qoala, and when

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

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

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Company Information

Company

Qoala

About

Founded in 2018, Qoala is an omnichannel insuretech company, with a purpose to democratize, empower and redefine insurance for customers. Qoala believes in order to redefine insurance, it takes all stakeholders to be involved. Hence, Qoala is committed to provide the upmost value to all of its stakeholders including insurance partners, customers and regulators. Today, backed by prominent investors, Qoala is operating in four countries in Southeast Asia - Indonesia, Malaysia, Vietnam, and Thailand - and moving closer towards our goal to make insurance accessible and affordable for all.

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Fundz sees it the moment Qoala raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

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

145 of these a day, filtered to the companies you pick, 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.