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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.

Jul 18, 202515 days ago

Amount Raised

$70 Million

Round Type

series c

Hong KongHealth Care

Investors

Sun Life

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.

Company Information

Company

Bowtie Life Insurance

Location

Hong Kong, China

About

Bowtie Life Insurance is Hong Kong's first virtual insurer, established in December 2018. It exclusively sells policies online and has opened a customer service cafe in Wan Chai along with some physical health clinics. Bowtie aims to leverage the improving market sentiment in Hong Kong to expand its operations and offerings. The company has recently raised US$70 million in its Series C funding round.

Funding Insights

Based on industry data
VC-backed spending patterns
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