Eurazeo, through its insurtech fund backed by BNP Paribas Cardif, has announced that it is investing in Singapore-based insurtech Igloo's pre-series C financing round for $36 million, with the participation of Openspace and La Maison.

This latest round of financing comes just 10 months after the company's previous series B+ round, led by BlueOrchard via its InsuResilience Investment Fund II. In total, the company raised $100 million.

Eurazeo specifies that this new financing will be devoted to M&A opportunities - Igloo having added intermediate licenses throughout Southeast Asia this year, in addition to its license in Indonesia.

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