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Tech in Asia (YC W15) is the largest English-language technology media company that focuses on Asia. From the latest news to the hottest trends and the boldest startups to the strongest titans, we cover everything tech in the region. Our goal is to build and serve Asia’s tech and startup community.

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<ul><li>Indonesian insurtech startup <a href="https://www.qoala.app/id-en" target="_blank" rel="noopener">Qoala</a> announced that it has raised US$7.5 million in a series B extension round led by Europe’s <a href="https://www.responsability.com/" target="_blank" rel="noopener">responsAbility Investments</a>.</li><li>Existing investors Eurazeo and Indogen as well as new investor AppWorks also participated in the round.</li><li>The startup declined to comment on its valuation, but VentureCap Insights currently pegs it at US$310 million following the fundraise.</li></ul>

Indonesian insurtech startup Qoala announced that it has raised US$7.5 million in a series B extension round led by Europe’s responsAbility Investments.Existing investors Eurazeo and Indogen as well as new investor AppWorks also participated in the round.The startup declined to comment on its valuation, but VentureCap Insights currently pegs it at US$310 million following the fundraise.

Qoala Raises Another $7.5m, Targets Profitability in 3 Years