Singlife banked $50m with this series A pitch deck

Q&A

1. When was the deck created?
De Oude: The deck was created in around September 2014, but this is how it had evolved by September 2015. We finally only closed funding in 2017, but this was the basis of the core deck used throughout.

2. How much did you raise?
De Oude: US$50 million. It was difficult in that we had no revenue or customers at the time.

3. What happened after the fundraise?
De Oude: Party, party, party! Then, we got licensed and went to market within a month. And next, we continued to build out the proposition.

4. Lessons learned?
De Oude: To raise funds you need:

• Eternal optimism and resilience
• A loving and supportive family ❤️
• Time

Editor’s note: Insurance startup Singlife went on to raise a total of US$180.3 million in disclosed funding. The company’s latest financing round was US$90 million from Japan’s Sumitomo Life Insurance, which was completed in July 2019.

We previously interviewed de Oude a year ago to learn more about his background, motivation, and future plans for the company.

SOURCE

• Singlife’s pitch deck
• Q&A with Walter de Oude, CEO of Singlife