Insurtech Symbo raises US$9.4m, acquires health platform Vivant

As published in Business Times.

SINGAPORE-BASED insurtech startup Symbo has raised US$9.4 million in a Series A round led by CreditEase Fintech Investment Fund.

Other investors in the round include San Francisco-based investment firm Think Investments, and existing investors Integra Partners (formerly Dymon Asia Ventures), Insignia Ventures and AJ Capital. 

Symbo has also acquired Vivant, a startup that helps brands and institutions create digital health platforms, in an all-stock transaction.

Both Symbo and Vivant were established and incubated by AJ Capital, a Singapore-based family office that manages money for India’s Jhunjhunwala family. AJ Capital owns about half of the combined entity, founder and chief executive officer (CEO) of AJ Capital, Abhinav Jhunjhunwala, told The Business Times.

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