Insurtech company RenewBuy closes $40 million series D funding round

Insurtech company RenewBuy has secured $40 million in a series D funding round from Japanese insurance giant Dai-ichi Life Holdings, the firm announced on Thursday.

RenewBuy said it now has the opportunity to expand its tech platform into 11 countries, enhancing its product and technology functions with the goal of improving the consumer experience.

In its previous fundraising efforts, RenewBuy raised $45 million in a series C round from Apis Growth Fund II, a private equity fund, in 2021. Earlier, in 2019, the digital insurance platform secured $19 million in a series B round led by Lok Capital and IIFL Asset Management Company.