About Alaska National Insurance Company
Alaska National Insurance Company is a company based in Anchorage (United States) founded in 1980 was acquired by CopperPoint in September 2019.. Alaska National Insurance Company has raised $10.22 million across 10 funding rounds from investors including CopperPoint. The company has 250 employees as of December 31, 2022. Alaska National Insurance Company offers products and services including Workers' Compensation Insurance, Commercial P&C Insurance, and Cyber Insurance. Alaska National Insurance Company operates in a competitive market with competitors including National General Insurance, AmTrust Financial, The Hartford, Intact Ventures and The Hanover Insurance Group, among others.
- Headquarter Anchorage, United States
- Employees 250 as on 31 Dec, 2022
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Copperpoint Insurance Company
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$10.22 M (USD)
in 10 rounds
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Latest Funding Round
$953.14 K (USD), Unspecified
Oct 07, 2019
- Investors
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Employee Count
250
as on Dec 31, 2022
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Acquired by
CopperPoint
(Sep 17, 2019)
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Products & Services of Alaska National Insurance Company
Alaska National Insurance Company offers a comprehensive portfolio of products and services, including Workers' Compensation Insurance, Commercial P&C Insurance, and Cyber Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Covers workplace injuries and claims for businesses.
Provides property and liability coverage for commercial entities.
Protects against cyber threats and data breaches.
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Funding Insights of Alaska National Insurance Company
Alaska National Insurance Company has successfully raised a total of $10.22M across 10 strategic funding rounds. The most recent funding activity was a Unspecified round of $953.14 thousand completed in October 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Unspecified — $953,143
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First Round
First Round
(16 Jun 2009)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Unspecified - Alaska National Insurance Company | Valuation |
investors |
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| Oct, 2018 | Amount | Unspecified - Alaska National Insurance Company | Valuation |
investors |
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| Aug, 2017 | Amount | Unspecified - Alaska National Insurance Company | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Alaska National Insurance Company
Alaska National Insurance Company has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include CopperPoint. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Offers workers' compensation and commercial insurance to businesses across various industries.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Alaska National Insurance Company
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Alaska National Insurance Company
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Alaska National Insurance Company Comparisons
Competitors of Alaska National Insurance Company
Alaska National Insurance Company operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as National General Insurance, AmTrust Financial, The Hartford, Intact Ventures and The Hanover Insurance Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Property and casualty insurance is provided by National General Insurance.
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| domain | founded_year | HQ Location |
Property and casualty insurance company
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| domain | founded_year | HQ Location |
Insurance, benefits, and mutual funds are provided in financial services.
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| domain | founded_year | HQ Location |
Provider of property & casualty insurances
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| domain | founded_year | HQ Location |
Insurance brokerage services are provided to various clients.
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| domain | founded_year | HQ Location |
Auto & home insurance company
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Alaska National Insurance Company
Frequently Asked Questions about Alaska National Insurance Company
When was Alaska National Insurance Company founded?
Alaska National Insurance Company was founded in 1980 and raised its 1st funding round 29 years after it was founded.
Where is Alaska National Insurance Company located?
Alaska National Insurance Company is headquartered in Anchorage, United States. It is registered at Anchorage, Alaska, United States.
Is Alaska National Insurance Company a funded company?
Alaska National Insurance Company is a funded company, having raised a total of $10.22M across 10 funding rounds to date. The company's 1st funding round was a Unspecified of $776.65K, raised on Jun 16, 2009.
How many employees does Alaska National Insurance Company have?
As of Dec 31, 2022, the latest employee count at Alaska National Insurance Company is 250.
What does Alaska National Insurance Company do?
Alaska National Insurance Company was founded in 1980 and is headquartered in Anchorage, United States. Operations focus on the property and casualty insurance sector, where coverage for personal and commercial risks is provided. Services include auto, home, and business insurance policies, primarily serving clients within Alaska. The company maintains a domain at alaskanational.com for customer access and policy management.
Who are the top competitors of Alaska National Insurance Company?
Alaska National Insurance Company's top competitors include National General Insurance, AmTrust Financial and First American.
What products or services does Alaska National Insurance Company offer?
Alaska National Insurance Company offers Workers' Compensation Insurance, Commercial P&C Insurance, and Cyber Insurance.
Who are Alaska National Insurance Company's investors?
Alaska National Insurance Company has 1 investor. Key investors include CopperPoint.