Insurtech Startup Onsurity Bags $21 Mn From Creaegis, Closes Series B Round At $45 Mn

Insurtech Startup Onsurity Bags $21 Mn From Creaegis, Closes Series B Round At $45 Mn

SUMMARY

The startup plans to deploy the fresh capital to launch new SME focused digital offerings and product lines

In October last year, the startup announced raising $24 Mn from International Finance Corporation, Nexus Venture Partners and Quona Capital as part of the funding round

With the fresh funds, Onsurity is eyeing to expand its client base from the existing 8,000 to 50,000 companies by 2026

Small and medium enterprises (SMEs)-focussed insurtech startup Onsurity has raised an additional $21 Mn, led by private equity fund Creaegis, to close its Series B round at $45 Mn. 

In October last year, the startup announced raising $24 Mn from International Finance Corporation, Nexus Venture Partners and Quona Capital as part of the funding round. 

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