Hong Kongese digital insurance platform OneDegree has secured a total of more than $30 million in an extended Series A financing round led by BitRock Capital.
Additionally, the Series A2 round also saw participation from backers including Cyberport Macro Fund and Cathay Venture.
OneDegree will allocate the new capital towards accelerating its digital insurance platform, launch new product offerings in Hong Kong, and explore growth opportunities including the Greater Bay Area.
Last year, the company secured around $25.5 million from institutional investors and family offices in the first close of its Series A financing round.