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Announced

Completed

Source Code Capital led the $156m Series C round in Yuanbao.

Financials

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Transaction Value£111m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Life Insurance

Completed

China

Friendly

Venture Capital

Private Equity

insurtech services

Cross Border

Acquisition

Single Bidder

Minority

Synopsis

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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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