AXA Strategic Ventures Leads $20M Series B Round In One Inc

AXA Strategic Ventures, the strategic investment arm of global insurance company AXA, has led a US$20 million series B funding round in One Inc., a California-based insurance software development start-up.

Mass Mutual Ventures and existing investor Asian private equity firm H&Q Asia Pacific also participated in the round.

H&Q led a US$16.7 million series A financing in One Inc. in September 2014. H&Q and its affiliates invested approximately US$13 million back then, and injected US$5 million in the latest series B round, the firm announced today.

The company says it will use the proceeds to build up its research and development capabilities, as well as driving up sales and expanding globally.

One Inc. develops streamlined operating systems for the property and casualty insurance market. Its cloud-based insuran...

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