Fundz

ZA Tech raised $35m in a Series A round led by EQT and Alpha JWC Ventures to further develop its analytics and artificial intelligence capabilities.

PRIVATEJun 19, 2024

Amount Raised

$35 Million

Round Type

Series A

SingaporeInsurtechInsurance

Investors

Alpha JWC VenturesEQT

Description

ZA Tech, an insurance Software as a Service (SaaS) provider, has raised $35m in its Series A funding round. The investment was led by global technology investor EQT and Southeast Asia’s venture firm Alpha JWC Ventures. Concurrently, the Singapore-based insurance technology provider ZA Tech has announced a rebrand to Peak3. Founded in 2018, the insurtech company has created a cloud-native, modular insurance core and distribution system that caters to life, health, and property and casualty (P&C) insurance sectors.

Who else raised in Insurtech and Insurance around the same time

Companies in the same sectors as Peak3 (formerly ZA Tech) that raised within 45 days of this round, from Fundz verified event records.

  • Square Insurance raised $3M on August 1, 2024.
  • InsuranceZebra raised $2.1M on July 25, 2024.
  • Gradient AI raised $36M on June 28, 2024.
  • Amplify raised $20M (Series B) on June 14, 2024.
  • Coversure raised $4M (Pre-Series A) on May 27, 2024.
  • Cover Whale raised $28M (Series A) on May 22, 2024.

Who to call at Peak3 (formerly ZA Tech), and when

A new round usually means Peak3 (formerly ZA Tech) is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Peak3 (formerly ZA Tech) raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Peak3 (formerly ZA Tech), from your own LinkedIn network

Works inside ChatGPT and Claude. Ask who to call at Peak3 (formerly ZA Tech). With Fundz connected, it knows.

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Company Information

Company

Peak3 (formerly ZA Tech)

Location

Singapore, Southeast Asia, Singapore

About

Our purpose is to make insurance more relevant, convenient, and affordable for everyone through our leading technology and ingenuity. Together with our clients, we build a future that is both resilient and innovative. Founded by experts in insurance, digital, and technology, Peak3 powers the digital operating system of the global insurance industry. We integrate cutting-edge solutions in insurance core systems, distribution channels, and AI to deliver a step change in performance for insurers, MGAs, and insurance intermediaries. From greenfield embedded insurance ventures to digital-first, multi-country core modernisation programs, our cloud-native software-as-a-service (SaaS) solutions empower leading clients in life, health, and P&C insurance. Our solutions have been battle-proven at scale, supporting more than fifty clients across more than twenty countries with the issuance of over one billion insurance policies.

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Fundz sees it the moment Peak3 (formerly ZA Tech) 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

Peak3 (formerly ZA Tech) 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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