[Daily Social] Qoala Announces 113 Billion Rupiah Additional Series B Funding

The total funding in the series B round reached $ 72,5 million or more than 1,09 trillion Rupiah.

*28/3/2023: We updated the funding amount information according to the release published by Qoala

Startups insurtech Qoala announced that it has completed an additional $7,5 million (over 112 billion Rupiah) in Series B funding. The new investors in this round are Responability and AppWorks. A number of previous investors also participated, including Eurazeo and Indogen.

When totaled with Series B funding in May 2022 yesterday was $65 million, so Qoala's total revenue for this round was $72,4 million (over 1,09 trillion Rupiah). This round was joined by previous Qoala investors, such as Flourish Ventures, KB Investment, MDI Ventures, SeedPlus, and Sequoia Capital India. Several new investors also joined, including BRI Ventures, Daiwa PI Partners, Indogen Capital, Mandiri Capital Indonesia, and Salt Ventures.

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