Insurify Overview
- Year Founded
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2013
- Status
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Private
- Employees
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190
- Latest Deal Type
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Series B
- Latest Deal Amount
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$100M
- Investors
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16
Insurify General Information
Description
Developer of an online car, home, and life insurance platform intended to help users to compare insurance quotes all in one place. The company's platform uses artificial intelligence to make insurance shopping simple, affordable, and hassle-free, enabling customers to compare quotes, discounts, and payment options about each insurance business in one place.
Contact Information
Website
www.insurify.comCorporate Office
- 10 Canal Park
- 4th Floor
- Cambridge, MA 02141
- United States
Corporate Office
- 10 Canal Park
- 4th Floor
- Cambridge, MA 02141
- United States
Insurify Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Later Stage VC (Series B) | 09-Aug-2021 | $100M | Completed | Generating Revenue | ||
| 4. Accelerator/Incubator | 29-Sep-2020 | Completed | Generating Revenue | |||
| 3. Later Stage VC (Series A) | 15-Jan-2020 | Completed | Generating Revenue | |||
| 2. Seed Round | 01-Mar-2017 | $4.6M | $6.65M | Completed | Generating Revenue | |
| 1. Seed Round | 20-Feb-2015 | $2.05M | $2.05M | Completed | Generating Revenue |
Insurify Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series B | ||||||||
| Series A-1 | ||||||||
| Series A | 4,045,848 | $0.000100 | $0.31 | $5.24 | $5.24 | 1x | $5.24 | 18.47% |
| Seed | 2,560,066 | $0.000100 | $0.8 | $0.8 | 1x | $0.8 | 11.69% |
VC Exit Predictor
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Opportunity Score
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Exit Type
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Insurify Comparisons
Industry
Financing
Details
Insurify Competitors (3)
One of Insurify’s 3 competitors is The Zebra, a Venture Capital-Backed company based in Austin, TX.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| The Zebra | Venture Capital-Backed | Austin, TX | ||||
| Compare.com Insurance Agency | Corporate Backed or Acquired | Richmond, VA | ||||
| Gabi Personal Insurance Agency | Formerly VC-backed | San Francisco, CA |
Insurify Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Insurify Patents
Insurify Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-10200355-B2 | Methods and systems for generating a user profile | Inactive | 29-Aug-2016 | ||
| US-20180063110-A1 | Methods and systems for generating a user profile | Active | 29-Aug-2016 |
Insurify Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Insurify Investors (16)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Motive Partners | PE/Buyout | Minority | ||
| R136 Ventures | Venture Capital | Minority | ||
| Toyota Insurance Management Solutions | Corporation | Minority | ||
| Viola Growth | Growth/Expansion | Minority | ||
| AI Venture Labs | Accelerator/Incubator |
Insurify Investments & Acquisitions (2)
Insurify’s most recent deal was a Merger/Acquisition with Compare.com Insurance Agency. The deal was made on 27-Mar-2023.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Compare.com Insurance Agency | 27-Mar-2023 | Merger/Acquisition | Information Services (B2C) | ||
| Guros | 01-Jun-2021 | Seed Round | Information Services (B2C) |
Insurify Affiliates
Subsidiaries (1)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Compare.com Insurance Agency | Richmond, VA | 2013 |
Insurify FAQs
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When was Insurify founded?
Insurify was founded in 2013.
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Where is Insurify headquartered?
Insurify is headquartered in Cambridge, MA.
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What is the size of Insurify?
Insurify has 190 total employees.
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What industry is Insurify in?
Insurify’s primary industry is Information Services (B2C).
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Is Insurify a private or public company?
Insurify is a Private company.
-
What is the current valuation of Insurify?
The current valuation of Insurify is .
-
What is Insurify’s current revenue?
The current revenue for Insurify is .
-
How much funding has Insurify raised over time?
Insurify has raised $134M.
-
Who are Insurify’s investors?
Motive Partners, R136 Ventures, Toyota Insurance Management Solutions, Viola Growth, and AI Venture Labs are 5 of 16 investors who have invested in Insurify.
-
Who are Insurify’s competitors?
The Zebra, Compare.com Insurance Agency, and Gabi Personal Insurance Agency are competitors of Insurify.
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