Flyreel Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 39

Employees

  • Latest Deal Type
  • M&A

Flyreel General Information

Description

Developer of an underwriting assistance platform designed to help insurance carriers make data-based underwriting and policy decisions. The company's platform adapts and guides users through fully configurable workflows for self-service inspections and claims as well as helps them to make data-based underwriting and risk management decisions, enabling clients to improve underwriting efficiency, risk management, and loss ratio, and customer satisfaction.

Contact Information

Website
www.flyreel.co
Formerly Known As
MyFactals
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 3000 Lawrence Street
  • Denver, CO 80205
  • United States
Primary Industry
Business/Productivity Software
Other Industries
Financial Software
Other Financial Services
Acquirer
LexisNexis Risk Solutions
Vertical(s)
Artificial Intelligence & Machine Learning, InsurTech, FinTech
Corporate Office
  • 3000 Lawrence Street
  • Denver, CO 80205
  • United States

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Flyreel Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Merger/Acquisition 27-May-2022 Completed Generating Revenue
4. Later Stage VC (Series A) 17-Nov-2020 Completed Generating Revenue
3. Seed Round 18-Dec-2019 Completed Generating Revenue
2. Seed Round 08-Mar-2019 $6.19M $8.19M Completed Generating Revenue
1. Angel (individual) 01-Jan-2017 $2M $2M Completed Generating Revenue/Not Profitable
To view Flyreel’s complete valuation and funding history, request access »

Flyreel Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series A
Seed-3
Seed-2
Seed-1 5,171,015 $0.000100 8% $0.25 $0.25 1x $0.25 8.74%
Seed 12,467,613 $0.000100 8% $0.31 $0.31 1x $0.31 21.08%
To view Flyreel’s complete cap table history, request access »

Flyreel Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of an underwriting assistance platform designed to help insurance carriers make data-based underwriting and po
Business/Productivity Software
Denver, CO
39 As of 2022

London, United Kingdom
 

Ann Arbor, MI
 
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Flyreel Competitors (10)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
REG Technologies Private Equity-Backed London, United Kingdom
Groundspeed Formerly VC-backed Ann Arbor, MI
Murex Venture Capital-Backed Paris, France
Moodys Insurance Solutions Corporate Backed or Acquired Newark, CA
Insuresoft Corporate Backed or Acquired Tuscaloosa, AL
You’re viewing 5 of 10 competitors. Get the full list »

Flyreel Patents

  • 4

    Total Documents Applications and Grants

  • Total Patents Families

  • Granted

  • 4

    Pending

  • Expiring in next 12 mo

Flyreel Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20240320936-A1 Systems and methods for provoking image capture of a physical space using live and historical feedback Pending 10-Dec-2021
EP-4229552-A1 Generating measurements of physical structures and environments through automated analysis of sensor data Pending 13-Oct-2020
EP-4229552-A4 Generating measurements of physical structures and environments through automated analysis of sensor data Pending 13-Oct-2020
US-20240331067-A1 Property inspection system and method Pending 15-Feb-2018 G06Q50/16

Flyreel Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Flyreel Former Investors (18)

Investor Name Investor Type Holding Investor Since Participating Rounds
Brendan Winans Angel (individual) Minority
Crystal Venture Partners Venture Capital Minority
Darryl Hair Angel (individual) Minority
Donan Corporation Minority
Edward Milstein Angel (individual) Minority
You’re viewing 5 of 18 investors. Get the full list »

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Flyreel FAQs

  • When was Flyreel founded?

    Flyreel was founded in 2013.

  • Who is the founder of Flyreel?

    Cole Winans, Laurie Kuhn, and Randy Hamilton are the founders of Flyreel.

  • Where is Flyreel headquartered?

    Flyreel is headquartered in Denver, CO.

  • What is the size of Flyreel?

    Flyreel has 39 total employees.

  • What industry is Flyreel in?

    Flyreel’s primary industry is Business/Productivity Software.

  • Is Flyreel a private or public company?

    Flyreel is a Private company.

  • What is Flyreel’s current revenue?

    The current revenue for Flyreel is .

  • How much funding has Flyreel raised over time?

    Flyreel has raised $20.3M.

  • Who are Flyreel’s investors?

    Brendan Winans, Crystal Venture Partners, Darryl Hair, Donan, and Edward Milstein are 5 of 18 investors who have invested in Flyreel.

  • Who are Flyreel’s competitors?

    REG Technologies, Groundspeed, Murex, Moodys Insurance Solutions, and Insuresoft are some of the 10 competitors of Flyreel.

  • When was Flyreel acquired?

    Flyreel was acquired on 27-May-2022.

  • Who acquired Flyreel?

    Flyreel was acquired by LexisNexis Risk Solutions.

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