Sumitomo Life Insurance acquired a stake sized at about 25%, in a deal that increased the online life insurance providers' total funding to $153m.

Singapore-based digital life insurance startup Singapore Life has received a $90m investment from insurance provider Sumitomo Life, The Business Times reported yesterday. Sumitomo Life purchased approximately 25% of the company through the deal, which increased Singapore Life’s valuation to $358m, Singapore Life CEO Walter de Oude told the publication. Founded in 2014, Singapore Life operates an…

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