Announced
Completed
Financials
Sources
Tags
Private
Life Insurance
Completed
China
Friendly
Venture Capital
Private Equity
insurtech services
Cross Border
Acquisition
Single Bidder
Minority
Synopsis
Source Code Capital, a Chinese venture capital firm, led the $156m Series C round in Yuanbao, an insurtech company. Existing investors including Cathay, Qiming, and Susquehanna participated in the round. The funds raised will be used to invest in the R&D of the main technology. The desire of Yuanbao is to develop an integrated "health plus insurance plus medical care" platform.
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