FirstBest Overview

  • Founded
  • 2006
Founded
  • Status
  • Acquired/​Merged
  • Employees
  • 51
Employees
  • Latest Deal Type
  • M&A
  • Latest Deal Amount
  • $37.8M
Latest Deal Amount

FirstBest General Information

Description

Provider of underwriting management software to property & casualty insurers. The company provides insurance software and services that help property & casualty insurance companies to improve underwriting profitability, scale their business and achieve high service levels with agents and brokers.

Contact Information

Website
www.firstbest.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Primary Industry
Property and Casualty Insurance
Other Industries
Other Financial Services
Financial Software
Acquirer
Guidewire Software
Primary Office
  • 213 Burlington Road
  • Bedford, MA 01730
  • United States
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FirstBest Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Merger/Acquisition 04-Aug-2016 $37.8M 000.00 000.00 Completed Generating Revenue
5. Later Stage VC (Series C1) 16-Jan-2014 00.000 000.00 000.00 Completed Generating Revenue
4. Later Stage VC (Series C) 03-Apr-2012 000.00 0000 0000 Completed Generating Revenue
3. Early Stage VC (Series B) 24-Mar-2009 000 000.00 0000 Completed Startup
2. Early Stage VC (Series A1) 13-Nov-2007 $7M $9.3M 0000 Completed Startup
1. Early Stage VC (Series A) 17-Aug-2007 $2.3M $2.3M 000.00 Completed Startup
To view FirstBest’s complete valuation and funding history, request access »

FirstBest Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series C1 0,000,000 00.000000 00.00 00.00 00 00.00 00.000
Series C 0,000,000 00.000000 00.00 00.00 00 00.00 00.00
Series B 0,000,000 00.000000 00 00.00 00.00 00 00.00 00.000
Series A1 4,098,273 $0.000010 8% $1.74 $1.74 1x $1.74 14.27%
Series A 1,916,668 $0.000010 $1.2 $1.2 1x $1.2 6.68%
To view FirstBest’s complete cap table history, request access »

FirstBest Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last Financing Details
Provider of underwriting management software to property & casualty insurers. The company provides insurance software an
Property and Casualty Insurance
Bedford, MA
51 As of 2016
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00.00 0000-00-00
000000&0 000.00

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000000000 00000000
University Park, IL
000000&0

00000000

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00000000000000000000000 000000000
Toronto, Canada
00 As of 0000
00.00
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FirstBest Competitors (25)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Insuresoft Corporate Backed or Acquired University Park, IL 000000&0
00000000 Venture Capital-Backed Toronto, Canada 00 00.00 00000000000
000000000 Venture Capital-Backed Chicago, IL 000 000.00 00000000000 000.00
00000000 Private Equity-Backed Shanghai, China 0000 0000 0000000 0000 0000
0000000 Venture Capital-Backed Cape Town, South Africa 00 000 000000000000 000
You’re viewing 5 of 25 competitors. Get the full list »

FirstBest Executive Team (12)

Name Title Board Seat Contact Info
Julian Pelenur Co-Founder & Chief Technology Officer
Massood Abolfazli Vice President of Marketing & Communications
David Burns Vice President, Professional Services
Ed Giangrasse Vice President, Sales
John Belizaire Co-Founder, Chief Executive Officer and Board Member
You’re viewing 5 of 12 executive team members. Get the full list »

FirstBest Board Members (7)

Name Representing Role Since
John Belizaire Self Co-Founder, Chief Executive Officer and Board Member 000 0000
John Chu Self Board Member 000 0000
Michael Roe Self Board Member 000 0000
Neil Spector FirstBest Board Member 000 0000
You’re viewing 4 of 7 board members. Get the full list »

FirstBest Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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FirstBest Former Investors (6)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Eastward Capital Partners Venture Capital Minority 000 0000 000000 0
Flybridge Capital Partners Venture Capital Minority 000 0000 000000 0
NewSpring Capital Growth/Expansion Minority 000 0000 000000 0
NextStage AM Asset Manager Minority 000 0000 000000 0
Pilot Growth Equity Venture Capital Minority 000 0000 000000 0
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