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Software provider One raises $16.7m in H&Q Asia Pacific-backed Series A

3 Sep 2014

cloudH&Q Asia Pacific has led a $16.7m Series A round for One, Inc, which provides cloud-based software to the property and casualty insurance market.

Camp One Ventures and AGI Partners also participated in the round, which will help the company step up its sales and marketing efforts.

The company’s main product is InsureOne, which enables property and casualty insurers to expand their distribution channels and replace legacy core systems that are inefficient and inflexible.

One’s customers include National General Insurance Company, Confie Seguros, and Mutual of Enumclaw.

H&Q Asia Pacific founder and chairman Ta-lin Hsu said, “Without taking any outside capital, the company has operated very efficiently since it was founded and has achieved amazing success serving some of the largest P&C brands.

“We are very excited to help One, Inc. leverage its leading technology, proven management expertise and business acumen to further expand in the US and international markets. In particular, we look forward to working closely with management to continue our 30-year track record of successfully migrating technology platforms to Asia.”

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