The recent financing round is viewed as highly notable amid lackluster market performance of publicly traded insurtechs & global recession
SEOUL, South Korea, Sept. 8, 2022 /PRNewswire/ — South Korean digital insurance carrier Carrot General Insurance (“Carrot” or the “Company”) today announced it has secured a fresh funding of 300 billion Korean won. Led by private equity firm Affirma Capital, the capital will be raised across two connected rounds with wide participation of existing investors. Carrot has successfully closed the initial funding of 175 billion won (US $145 million) past week and the remaining 125 billion (US $105 million) will be raised through the extended round during Q4 this year.
Proof of trust and confidence in times of unstable markets
Investors writing a…