Mitsui & Co led a $23m Series B1 funding round in Bowtie.

Mitsui & Co, a global trading and investment company, led a $23m Series B1 funding round in Bowtie, a virtual insurer, with participation from Sun Life Hong Kong. “This is our first investment in a health insurance company, which has long been the missing puzzle in our value-based healthcare ecosystem. We selected Bowtie for our shared vision of both making healthcare more accessible and affordable. Bowtie is one of the most promising insurtech start-ups in Asia with the ambition to disrupt health insurance through modern technology,” Koichiro Sato, MBK Healthcare Management CEO.