How much funding has OneDegree raised?

OneDegree has raised $95.7M in total funding, most recently a Extension Round.

Who are OneDegree's investors?

OneDegree's investors include Gobi Partners, Dubai Insurance Company, Bitrock Capital, Sun Hung Kai & Co, Cyberport Macro Fund, Cathay Venture.

Where is OneDegree headquartered?

OneDegree is headquartered in Hong Kong, Hong Kong.

OneDegree

Pet Insurance | Home Insurance | Fire Insurance | Critical Illness

Hong Kong, Hong Kong · Founded 2016 · $95.7M raised

Fintech

Headquarters: Hong Kong
Founded: 2016
Business Model: B2C
Website: onedegree.hk

Total Funding: $95.7M
Last Round: $27.0M Extension RoundJun 2023
Rounds: 4

About

OneDegree is a Hong Kong-based InsurTech company founded in 2016 by Alvin Kwock and Alex Leung. It was among the first independent insurers in Hong Kong to receive a virtual insurance license from the Insurance Authority, enabling it to operate as a fully digital, app-first insurer. OneDegree offers a range of consumer insurance products including pet insurance, home and fire insurance, home appliance warranty, critical illness coverage, and cyber and digital asset insurance for enterprise clients. The company operates the Pawbook app for pet health records and provides a core insurance system platform for corporate partnership. In January 2026, OneDegree reported its first full-year profit, five years after launch.

Summary

OneDegree is a Fintech company based in Hong Kong, Hong Kong, founded in 2016. It has raised $95.7M in total across 4 rounds, most recently a $27.0M Extension Round round in Jun 2023. Investors include Gobi Partners, Dubai Insurance Company and Bitrock Capital.