Openspace and La Maison, who previously participated in Igloo's Series B and Series B+ fundraises, also joined in, reaffirming their confidence in the company's strong business fundamentals. This latest round comes just 10 months after Igloo’s previous Series B+ fundraise led by BlueOrchard-managed InsuResilience Investment Fund II. Notably, Igloo’s Pre-Series C round closed at an increased valuation of 50 per cent from its Series B+ round in 2022, as the company moves closer to profitability in 2024. Igloo’s offerings include Ignite by Igloo, a digital platform that enhances the productivity of sales intermediaries in Việt Nam and Indonesia. The product has drawn interest from partners in Việt Nam and across Southeast Asia for its potential to greatly benefit the agricultural sector.
