Waterdrop Raises $230M in Series D Funding

Waterdrop, a Beijing, China-based insurance platform, raised $230m in Series D funding.

Backers included Swiss Re, Tencent and existing investors IDG Capital and Wisdom Choice Global fund.

The company intends to use the funds to continue to expand its business reach.

Founded in 2013 and led by Peng Shen , Waterdrop operates a medical expense crowdfunding platform focused on mutual aid that helps when members are inflicted with unexpected illnesses and accidents in order to obtain financial assistance and reduce the related burden.



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