Acko raises $60 million from Munich Re

Date posted: Thursday 17 September 2020

General insurance startup Acko has raised $60 million from German reinsurer Munich Re in its Series D funding round that also saw participation from existing investors including Amazon, RPS Ventures and Intact Ventures Inc. “Munich Re has been a strategic partner to Acko since inception and we are really excited to bring them on board as our investor,” said Varun Dua, founder and CEO of Acko. “As one of the largest reinsurance companies globally, their investment shows confidence in our data and technology-driven business model.”

(ET Tech)