Pattern (Insurance) Overview
- Year Founded
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2020
- Status
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Acquired/Merged
- Employees
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16
- Latest Deal Type
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M&A
Pattern (Insurance) General Information
Description
Developer of an insurance platform designed to help businesses protect critical parts of their technology and cloud operations. The company's platform assists in addressing issues like cloud downtime, utility outages, supply chain disruptions, and weather-related incidents by leveraging parametric insurance, enabling businesses to avail of frictionless, self-service policies.
Contact Information
Website
www.patterninsurance.comCorporate Office
- 4546 El Camino Real B10
- Suite 1023
- Los Altos, CA 94022
- United States
Corporate Office
- 4546 El Camino Real B10
- Suite 1023
- Los Altos, CA 94022
- United States
Pattern (Insurance) Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Merger/Acquisition | 07-May-2025 | Completed | Generating Revenue | |||
| 4. Accelerator/Incubator | Completed | Generating Revenue | ||||
| 3. Early Stage VC (Series A) | 11-Jan-2023 | Completed | Generating Revenue | |||
| 2. Seed Round | 08-Apr-2020 | $10M | $14.5M | Completed | Generating Revenue | |
| 1. Seed Round | $4.5M | $4.5M | Completed | Generating Revenue |
Pattern (Insurance) Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series A | ||||||||
| Seed-1 | ||||||||
| Seed | 612,506 | $0.000020 | $7.35 | $7.35 | 1x | $7.35 | 9.31% |
Pattern (Insurance) Related Research & Analysis
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Pattern (Insurance) Signals
Growth Rate
Growth
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Key Data Points
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Majestic Referring Domains
Pattern (Insurance) Former Investors (12)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Abstract Ventures | Venture Capital | Minority | ||
| Comcast Ventures | Corporate Venture Capital | Minority | ||
| FinTLV Ventures | Venture Capital | Minority | ||
| Foundation Capital | Venture Capital | Minority | ||
| GUTS | Accelerator/Incubator |
Pattern (Insurance) Acquisitions (1)
Pattern (Insurance)’s most recent deal was a Merger/Acquisition with Setoo. The deal was made on 15-Jul-2021.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Setoo | 15-Jul-2021 | Merger/Acquisition | Media and Information Services (B2B) |
Pattern (Insurance) FAQs
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When was Pattern (Insurance) founded?
Pattern (Insurance) was founded in 2020.
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Where is Pattern (Insurance) headquartered?
Pattern (Insurance) is headquartered in Los Altos, CA.
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What is the size of Pattern (Insurance)?
Pattern (Insurance) has 16 total employees.
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What industry is Pattern (Insurance) in?
Pattern (Insurance)’s primary industry is Other Insurance.
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Is Pattern (Insurance) a private or public company?
Pattern (Insurance) is a Private company.
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What is Pattern (Insurance)’s current revenue?
The current revenue for Pattern (Insurance) is .
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How much funding has Pattern (Insurance) raised over time?
Pattern (Insurance) has raised $29M.
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Who are Pattern (Insurance)’s investors?
Abstract Ventures, Comcast Ventures, FinTLV Ventures, Foundation Capital, and GUTS are 5 of 12 investors who have invested in Pattern (Insurance).
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When was Pattern (Insurance) acquired?
Pattern (Insurance) was acquired on 07-May-2025.
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Who acquired Pattern (Insurance)?
Pattern (Insurance) was acquired by PassportCard.
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