Blockchain insurtech company Igloo has completed a $46 million Series B funding round, with participation from Cathay Innovation

ChainCatcher news, blockchain insurtech startup Igloo announced that it has secured an additional $27 million investment, completing a total of $46 million in Series B funding. The investment was participated by KfW's InsuResilience Investment Fund II, WAM, ACA, OpenSpace, BlueOrchard, Women's World Banking Asset Management (WAM), and Finnfund.

It is reported that Igloo was founded in 2016, and the company launched insurtech products based on blockchain smart contracts that can automatically calculate claims payouts. It is currently being promoted in the Vietnamese market. (source link)