Fundz

Square Insurance raised $3 million in equity funding led by BizDateUp and Negen Capital to enhance its technology infrastructure and create micro-insurance products.

PRIVATEAug 01, 2024

Amount Raised

$3 Million

Round Type

Venture

JaipurInsurtechInsurance

Investors

Yogesh ChaudharyPrashant KothariNegen CapitalBiz Date Up

Description

Square Insurance, a Jaipur-based insurance broking startup, has secured $3 million in equity funding led by BizDateUp and Negen Capital. The funds will be utilized to enhance technology infrastructure and streamline operations while building partnerships to expand insurance reach in underserved markets.

Quick answer

Square Insurance raised $3 Million in a funding round, dated August 1, 2024. Investors: Yogesh Chaudhary, Prashant Kothari, Negen Capital and Biz Date Up. Square Insurance is based in Jaipur, Rajasthan, India.

How much did Square Insurance raise?
Square Insurance raised $3 Million in a funding round on August 1, 2024.
Who invested in Square Insurance?
Yogesh Chaudhary, Prashant Kothari, Negen Capital and Biz Date Up are named as investors in this round.
What does Square Insurance do?
Square Insurance is a Jaipur-based insurance broking startup focused on enhancing technology infrastructure to improve customer experience.
Where is Square Insurance based and how big is it?
Square Insurance is based in Jaipur, Rajasthan, India.
Who are the decision-makers at Square Insurance?
Fundz holds 1 contact at Square Insurance. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Insurtech and Insurance around the same time

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

  • MGT Insurance raised $20M on September 13, 2024.
  • Korint raised $5.5M (Series A) on September 6, 2024.
  • InsurancePadosi raised $500K (Pre-Seed) on August 27, 2024.
  • YouSet raised $3.5M (Seed) on August 20, 2024.
  • Root raised $8.9M (Seed) on August 19, 2024.
  • QuickFacts raised $2M (Seed) on August 16, 2024.

Who to call at Square Insurance, and when

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

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

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Company Information

Company

Square Insurance

Location

Jaipur, Rajasthan, India

About

Square Insurance is a Jaipur-based insurance broking startup focused on enhancing technology infrastructure to improve customer experience. The company aims to create micro-insurance products in partnership with leading insurers and develop relationships with fintech and ecommerce platforms. It is committed to expanding insurance access in underserved markets, particularly in rural areas. Square Insurance plans to open numerous new offices in tier-II and tier-III cities to better serve its growing customer base.

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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.