According to Techcrunch, Igloo, a blockchain insurance technology start-up, received an additional investment of US$27 million, and then completed a total of US$46 million in Series B financing. German development bank KfW's InsuResilience Investment Fund II, WAM, Finnfund, La Maison, and Cathay Innovation participates. Proceeds will be used for hiring, infrastructure and M&A opportunities. Igloo was founded in 2016. Its insurtech products based on blockchain smart contracts can automatically calculate claims payments, and it has been promoted and applied in the Vietnamese market.