Carrot General Insurance Overview
- Year Founded
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2019
- Status
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Acquired/Merged
- Employees
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300
- Latest Deal Type
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2ndary - Private
- Financing Rounds
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5
- Investments
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2
Carrot General Insurance General Information
Description
Provider of general insurance services focused on customizable non-life insurance. The company offers a wide range of products, including general, auto, travel, family insurance, and liability insurance coverage, enabling its consumers to fulfill their needs while driving down costs effectively.
Contact Information
Website
www.carrotins.com(Operating Subsidiary)
Corporate Office
- B-dong, Fine Avenue, 100 Eulji-ro
- Jung-gu 20th floor
- Seoul, 04451
- South Korea
Corporate Office
- B-dong, Fine Avenue, 100 Eulji-ro
- Jung-gu 20th floor
- Seoul, 04451
- South Korea
Carrot General Insurance Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Carrot General Insurance Comparisons
Industry
Financing
Details
Carrot General Insurance Competitors (4)
One of Carrot General Insurance’s 4 competitors is Smallticket, a Venture Capital-Backed company based in Seoul, South Korea.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Smallticket | Venture Capital-Backed | Seoul, South Korea | ||||
| Lemonade (New York) | Formerly PE-Backed | New York, NY | ||||
| Root Insurance | Formerly VC-backed | Columbus, OH | ||||
| Kakao Pay | Corporate Backed or Acquired | Seongnam, South Korea |
Carrot General Insurance Patents
Carrot General Insurance Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| WO-2024143695-A1 | Gps tracking device and abnormal use detection method thereof | Inactive | 29-Dec-2022 | ||
| WO-2024143696-A1 | Gps tracking device and method for detecting power off due to removal thereof | Inactive | 29-Dec-2022 | ||
| WO-2023075206-A1 | Method and apparatus for detecting driving behavior without yaw calculation | Inactive | 28-Oct-2021 | ||
| WO-2023033406-A1 | Method and device for accident detection | Inactive | 31-Aug-2021 | ||
| WO-2022191389-A1 | Method and apparatus for detecting malicious plug re-installation by policyholder of auto insurance linked to mileage | Inactive | 12-Mar-2021 |
Carrot General Insurance Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Carrot General Insurance Former Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Carrot General Insurance Investments (2)
Carrot General Insurance’s most recent deal was a Joint Venture with Lucky Box Solutions. The deal was made on 19-May-2022.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Lucky Box Solutions | 19-May-2022 | Joint Venture | Electronic Equipment and Instruments | ||
| Hero Claims Management | 01-Apr-2022 | Joint Venture | Other Insurance |
Carrot General Insurance FAQs
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When was Carrot General Insurance founded?
Carrot General Insurance was founded in 2019.
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Where is Carrot General Insurance headquartered?
Carrot General Insurance is headquartered in Seoul, South Korea.
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What is the size of Carrot General Insurance?
Carrot General Insurance has 300 total employees.
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What industry is Carrot General Insurance in?
Carrot General Insurance’s primary industry is Multi-line Insurance.
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Is Carrot General Insurance a private or public company?
Carrot General Insurance is a Private company.
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What is the current valuation of Carrot General Insurance?
The current valuation of Carrot General Insurance is .
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What is Carrot General Insurance’s current revenue?
The current revenue for Carrot General Insurance is .
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How much funding has Carrot General Insurance raised over time?
Carrot General Insurance has raised $350M.
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Who are Carrot General Insurance’s investors?
Affirma Capital, Altos Ventures, Hyundai Motor, STIC Investments, and Tmap Mobility have invested in Carrot General Insurance.
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Who are Carrot General Insurance’s competitors?
Smallticket, Lemonade (New York), Root Insurance, and Kakao Pay are competitors of Carrot General Insurance.
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When was Carrot General Insurance acquired?
Carrot General Insurance was acquired on 01-Oct-2025.
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Who acquired Carrot General Insurance?
Carrot General Insurance was acquired by Hanwha General Insurance.
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