GIC, Singapore’s state-owned investment company and one of the world’s biggest sovereign wealth funds, has led the $102 million Series D funding round in Pagaya, a New York and Tel Aviv-headquartered AI-driven asset management firm.
In a statement, Pagaya said Aflac Global Ventures, Poalim Capital Markets, and existing investors Viola Ventures, Oak HC/FT, Siam Commercial Bank, Clal Insurance Ltd, GF Investments, and Harvey Golub, Pagaya’s board member, participated in the funding round, which was closed amid the global coronavirus pandemic.
