Acko raises new funds led by General Atlantic, Multiples as valuation jumps to $1.1 billion

General insurance startup Acko has raised $255 million in a new funding round led by private equity majors General Atlantic and Multiples Private Equity, valuing the four-year-old company at $1.1 billion.

Canada’s largest pension fund, CPPIB, and Lightspeed Growth as well as existing investors Intact Ventures and Munich Re Ventures also participated in the funding round.