Hong Kong’s Insurtech Pioneer, Bowtie, Secures $34.9 Million in Series B2 Funding: A Stepping Stone to Revolutionize Health Insurance Landscape

Hong Kong-based insurtech company, Bowtie, has recently concluded a highly successful Series B2 funding round, securing a significant investment of $34.9 million. The achievement reflects the strong trust and confidence that investors have in Bowtie’s potential to revolutionize access to health insurance for customers. With this infusion of funds, Bowtie aims to enhance its technological capabilities and tackle Hong Kong’s substantial $886 billion protection gap in the health insurance sector.

Investors’ Trust and Confidence

The substantial investment garnered by Bowtie underscores the unwavering trust and confidence that investors have placed in the company’s vision and innovation. It reflects their belief that Bowtie has the potential to disrupt and reshape the health insurance landscape, providing improved access and coverage for customers.

Utilization of Funds

The funds raised in the Series B2 funding round will be utilized to enhance Bowtie’s technological capabilities, empowering the company to develop cutting-edge solutions to address Hong Kong’s significant protection gap in health insurance. By investing in advanced technologies, Bowtie endeavors to bridge the gap and ensure that individuals and businesses have access to comprehensive and affordable insurance options.

Product Development and Integration

A key focus for Bowtie will be accelerating product development and deepening integration with healthcare providers. By forging strategic partnerships, Bowtie aims to reshape the customer experience in the health insurance industry, offering unique value propositions that enhance convenience and accessibility.

Market Success

Bowtie’s outstanding performance in the market is evident as it has topped Hong Kong’s direct sales channel, securing a coveted market share of approximately 30% in the first half of 2023. This achievement marks the second consecutive year that Bowtie has maintained its leading position.

Driving Growth Factors

Bowtie attributes its remarkable growth to its digital health and insurance offerings, which have attracted a significant customer base. By leveraging technology, Bowtie has been able to provide innovative and convenient insurance solutions that meet the evolving needs of customers.

Expansion and Success in Specific Areas

Apart from its market success, Bowtie has experienced robust growth in specific sectors. The company has witnessed a surge of over 100% in critical illness product sales over the past year, demonstrating the increasing demand for such coverage. Additionally, Bowtie has made extensive inroads into group medical insurance, serving over 500 small and medium enterprises (SMEs) as well as forward-thinking tech firms.

Strong Growth Metrics and Customer Base

With a yearly recurring revenue of $25 million and a customer base exceeding 100,000, Bowtie’s growth metrics and brand strength are evident. The company’s commitment to providing exceptional customer value and meeting the ever-changing insurance needs of individuals and businesses has contributed to its remarkable success.

Leading Investors

The Series B2 funding round was led by Sun Life Hong Kong, a prominent insurer, demonstrating their confidence in Bowtie’s potential to transform the health insurance market. Significant contributions were also made by Mitsui & Co., further validating the insurtech’s credibility and future prospects.

Bowtie’s successful completion of its Series B2 funding round and the significant investment secured underscore its promising potential to revolutionize the health insurance industry in Hong Kong. The company’s focus on innovation, technological advancements, and strategic partnerships will enable it to bridge the protection gap and provide customers with holistic and accessible insurance solutions. With strong growth metrics, a loyal customer base, and the support of leading investors, Bowtie is well-positioned to shape the future of health insurance in Hong Kong and beyond.

Explore more

Why Corporate Wellness Programs Fail to Fix Workplace Stress

The modern professional often finds that for every dollar spent on a meditation app by their employer, nearly one hundred and fifty dollars are drained from the global economy due to systemic burnout and disengagement. This economic disparity highlights a growing tension between the wellness industry, which has grown into a juggernaut worth sixty billion dollars, and the eight point

How to Fix the Workplace Communication and Feedback Crisis

The silent erosion of professional morale often begins not with a grand failure of strategy but with the subtle, persistent friction caused by poorly articulated managerial guidance. This disconnect between managerial intent and employee performance represents a significant hurdle for modern organizations, as traditional critique methods frequently lead to burnout rather than improvement. Addressing the central challenge of workplace communication

How Can You Close the Feedback Gap to Retain Top Talent?

When elite professionals choose to resign, the departure frequently stems from a prolonged absence of meaningful dialogue regarding their trajectory within the organization and the specific expectations surrounding their professional contributions. This silence creates a vacuum where uncertainty flourishes, eventually pushing high achievers toward the exit. Research indicates that nearly half of all employees who voluntarily leave their roles cite

Can AI Infrastructure Redefine Wealth Management?

The once-revolutionary promise of digital wealth management has hit a ceiling where simply layering more software atop crumbling legacy systems no longer yields a competitive edge for modern firms. This realization has sparked a fundamental shift in how the industry approaches technology. Instead of pursuing cosmetic updates, firms are now looking at the very bones of their operations to find

Family Office Models Reshape Korean Wealth Management

The skyline of Seoul no longer just represents industrial might but also signals a historic accumulation of private capital that is forcing the nation’s most prestigious financial institutions to rewrite their playbooks entirely. The traditional private banking model, once centered on the 1-billion-won investor, is undergoing a radical metamorphosis. As of 2026, a burgeoning class of ultra-wealthy households has redefined