# Peak3

Peak3 is an other.

## Overview

- **Organization type:** other
- **Founded:** 2018
- **Assets under management:** Undisclosed
- **Website:** zatech.com
- **LinkedIn:** https://www.linkedin.com/company/zatg

## Regulatory record

- **Reports private funds:** No

## About

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. 

## Sectors

- InsurTech
- Enterprise Software
- AI/ML
- FinTech

## People

- Bill Song — Group CEO and Co-Founder

## Questions

### 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.

## Related profiles

- [Fireblocks](https://altss.com/profile/fireblocks)

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Last updated: 2026-06-03T20:00:00.000Z

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