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Upstage raises $381m in a Series C round, backed by key investors like Korea Development Bank, aiming to enhance its insurtech offerings.
PRIVATEAug 17, 2026•about 4 hours ago
Amount Raised
$381 Million
Round Type
Series C
San JoseInformation TechnologySoftwareinformation technology & servicesInvestors
Shinhan Venture InvestmentMirae Asset Venture InvestmentIndustrial Bank Of KoreaSazze PartnersKorea Development Bank
Description
Upstage closed a $381m Series C funding round on June 3, 2026, significantly contributing to the $600m raised by insurtech startups in Asia in Q2 2026. The funding valued the company at $1b. Major investors included Korea Development Bank, Sazze Partners, and the Industrial Bank of Korea. This funding supports Upstage’s growth in the competitive insurtech sector.
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