FundedIQ
Artificial Intelligence

Igloo: Funding, Investors & Team (Sep 2026)

Igloo is a Singapore-based insurtech firm that aims to provide insurance solutions for all. They have offices in several countries and leverage big data and advanced technology to offer B2B2C insurance solutions. Their partnerships with well-known companies in various industries allow them to help businesses manage operational risk, generate new revenue, and improve existing products and services. To learn more about Igloo, visit their website at https://www.iglooinsure.com/.

www.iglooinsure.com LinkedIn Singapore, Singapore 101-250 employees
Artificial Intelligence (AI) Financial Services FinTech Insurance InsurTech B2B
Total raised
$76.0M
Rounds
4
Latest
Undisclosed round
Jan 2026

Igloo has raised $76.0M across 4 funding rounds on record, the most recent an undisclosed round of $5.0M announced in Jan 2026.

That round is in line with the $5.5M median round size for Artificial Intelligence companies tracked on FundedIQ over the last two years.

Igloo Company Profile and Key Stats

Total funding raised
$76.0M
across 4 rounds on record
Funding rounds on record
4
Latest funding round
Undisclosed round
$5.0M in Jan 2026
Employees
101-250
reported band
Headquarters
Singapore, Singapore

Latest funding round on record: Jan 2026.

Igloo Funding Rounds

Date
Round
Amount
Undisclosed round
$5.0M
Series C
$36.0M
Series B
$19.0M
Undisclosed round
$16.0M

Igloo raised $16.0M in an undisclosed round announced in Apr 2020.

1.9 years later, a Series B of $19.0M was announced in Mar 2022.

1.8 years later, a Series C of $36.0M was announced in Dec 2023.

2.1 years later, an undisclosed round of $5.0M was announced in Jan 2026.

Igloo Founders and Leadership Team

Name
Role
Contact
Raunak Mehta
Founder
Locked
Wei Zhu
CEO

Contact details for the Igloo team: 1 of 2 have an email address on file.

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Igloo Funding Compared to Other Artificial Intelligence Startups

Segment
Companies
Median round

Igloo's latest round of $5.0M is in line with the median round in Artificial Intelligence. Medians cover the last 24 months of disclosed rounds.

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Igloo Funding FAQs

What does Igloo do?

Igloo is a Singapore-based insurtech firm that aims to provide insurance solutions for all. They have offices in several countries and leverage big data and advanced technology to offer B2B2C insurance solutions. Their partnerships with well-known companies in various industries allow them to help businesses manage operational risk, generate new revenue, and improve existing products and services. To learn more about Igloo, visit their website at https://www.iglooinsure.com/.

How much funding has Igloo raised?

Igloo has raised $76.0M across 4 rounds on record. The most recent is an undisclosed round of $5.0M announced in Jan 2026.

When did Igloo last raise funding?

Igloo's most recent funding round on record is an undisclosed round of $5.0M, announced in Jan 2026.

Who founded Igloo?

FundedIQ lists Raunak Mehta (Founder) at Igloo.

Who is the CEO of Igloo?

Wei Zhu is listed as CEO at Igloo.

Where is Igloo headquartered?

Igloo is based in Singapore, Central Region, Singapore.

How many employees does Igloo have?

Igloo is in the 101-250 employee band.

How does Igloo's funding compare to other Artificial Intelligence startups?

Igloo's latest round of $5.0M is in line with the $5.5M median round size for Artificial Intelligence companies on FundedIQ across 7,233 tracked companies over the last two years.

About FundedIQ's Igloo Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Igloo is left off this page rather than filled in.

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