Updated:
Peak3
With the successful completion of its US$35 million Series A fundraising from EQT (lead investor) and Alpha JWC Ventures, Peak3 now accelerates its expansion...
Peak3
With the successful completion of its US$35 million Series A fundraising from EQT (lead investor) and Alpha JWC Ventures, Peak3 now accelerates its expansion in the EMEA region and investments in complementary data and AI solutions.
General information
Firm type
other
Year founded
2018
AUM
Undisclosed
Location
Region
—
Country
—
City
—
Corporate office
—
Principals
Bill Song
Group CEO and Co-Founder
Sector focus
Frequently asked questions
Is Peak3 a family office or an operating company?
Peak3 operates as a venture-backed enterprise-software company, not a family office. It sells a cloud-native insurance core system SaaS to carriers and embedded-insurance capabilities to digital platforms. The firm’s cap table includes institutional investors EQT and Alpha JWC Ventures, with no public indication of family-office involvement.
Who runs investment decisions at Peak3?
Peak3 does not deploy capital as an investor — it focuses on product development and commercial growth. Allocation decisions within the company belong to Group CEO and Co-Founder Bill Song and his executive team, while capital-raising strategy was advised by J.P. Morgan during the Series A round.
What does Peak3’s platform actually replace in an insurer’s stack?
The platform replaces legacy policy administration, claims, billing, and distribution systems with a modular, cloud-native core. It covers life, health, and property and casualty lines on a multi-tenant architecture. Carriers using Peak3 include AIA, Generali, Prudential, and Zurich (per the firm’s June 2024 rebrand announcement).
Which markets does Peak3 target, and where is it expanding?
Peak3 originated in Asia-Pacific and has since expanded into Europe, the Middle East, Africa, and North America. The Series A funding is earmarked for accelerating EMEA growth, establishing a European technology centre, and building system-integrator partnerships across the region.
What is Peak3’s relationship with EQT and Alpha JWC?
EQT served as the lead investor and Alpha JWC Ventures joined as a co-investor in Peak3’s $35 million Series A round, which closed alongside the firm’s rebrand in June 2024. Both firms hold board-level influence, with EQT leveraging its European network to support go-to-market acceleration (per Clara Ho, Partner at EQT, cited in the rebrand announcement).
Does Peak3 disclose financial metrics beyond the Series A size?
The firm has not disclosed total AUM, revenue, or valuation. It targets double-digit annual recurring revenue growth and a path to cashflow breakeven in the near term, but it has not released absolute figures.
How did Peak3 evolve from ZA Tech, and who founded it?
Group CEO Bill Song co-founded the company as ZA Tech in 2018 with a focus on embedded insurance distribution in Asia. As the business expanded into full-stack carrier core modernisation across three continents and surpassed a billion policies on its systems, it rebranded to Peak3 in mid-2024 to reflect the global, multi-product scope.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on investors?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: