About Anorak
Anorak is a company based in London (United Kingdom) founded in 2017 was acquired by Clark Group in January 2023. It operates as a Brokerage / Intermediation. Anorak has raised $19.12 million across 3 funding rounds from investors including Outward VC, Triple Point Ventures and Kamet Ventures. The company has 33 employees as of January 31, 2021. Anorak offers products and services including Income Protection Insurance and Life Insurance. Anorak operates in a competitive market with competitors including Reassured, Simplesurance, Denim Social, Digital Fineprint and BrokerIQ, among others.
- Headquarter London, United Kingdom
- Employees 33 as on 31 Jan, 2021
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Candid Insurance Services Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$19.12 M (USD)
in 3 rounds
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Latest Funding Round
$7.08 M (USD), Series A
Jun 03, 2021
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Investors
Outward VC
& 7 more
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Employee Count
33
as on Jan 31, 2021
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Acquired by
Clark Group
(Jan 25, 2023)
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Products & Services of Anorak
Anorak offers a comprehensive portfolio of products and services, including Income Protection Insurance and Life 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.
Income protection is provided for medical work incapacity.
Life insurance is offered for financial security needs.
Funding Insights of Anorak
Anorak has successfully raised a total of $19.12M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $7.08 million completed in June 2021. 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 3
- Last Round Series A — $7.1M
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First Round
First Round
(22 Jan 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series A - Anorak | Valuation | Outward | |
| Nov, 2018 | Amount | Series A - Anorak | Valuation | Kamet |
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| Jan, 2018 | Amount | Seed - Anorak | Valuation |
investors |
| 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 Anorak
Anorak has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Outward VC, Triple Point Ventures and Kamet Ventures. 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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Early-stage tech companies are invested in by venture capital fund.
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Founded Year | Domain | Location | |
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Kamet Ventures is engaged in building transformative companies in HealthTech and InsurTech.
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Founded Year | Domain | Location | |
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Early-stage investments are made in B2B software companies.
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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 Anorak
| 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 - Anorak
| 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 |
Anorak Comparisons
Competitors of Anorak
Anorak 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 Reassured, Simplesurance, Denim Social, Digital Fineprint and BrokerIQ, 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 |
Life insurance quotes are compared via an online platform.
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| domain | founded_year | HQ Location |
Point-of-sale insurance solutions are provided to e-commerce and retail businesses.
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| domain | founded_year | HQ Location |
Cloud-based social media management platform
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| domain | founded_year | HQ Location |
Life insurance sales are boosted via social media autofill technology.
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| domain | founded_year | HQ Location |
App-based customer management and branding solutions for insurance are delivered.
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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 Anorak
Frequently Asked Questions about Anorak
When was Anorak founded?
Anorak was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Anorak located?
Anorak is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Anorak a funded company?
Anorak is a funded company, having raised a total of $19.12M across 3 funding rounds to date. The company's 1st funding round was a Seed of $5.54M, raised on Jan 22, 2018.
How many employees does Anorak have?
As of Jan 31, 2021, the latest employee count at Anorak is 33.
What does Anorak do?
Income protection and life insurance solutions are offered by Anorak. Services are focused on the financial services sector, specifically personal insurance. Policies are designed to cover essential expenses during medical incapacity to work. Expert guidance is provided to ensure suitable coverage is selected. The process is streamlined for quick and easy access to quotes and plans.
Who are the top competitors of Anorak?
Anorak's top competitors include Simplesurance, Denim Social and Reassured.
What products or services does Anorak offer?
Anorak offers Income Protection Insurance and Life Insurance.
Who are Anorak's investors?
Anorak has 8 investors. Key investors include Outward VC, Triple Point Ventures, Kamet Ventures, Nic Kohler, and Paul Evans.