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
Locked
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Website
Locked
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Social
Locked
- Legal Name Candid Insurance Services Ltd
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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.
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.
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.
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Kamet Ventures is engaged in building transformative companies in HealthTech and InsurTech.
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Early-stage investments are made in B2B software companies.
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Investor details for Anorak
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Anorak
Investment portfolio details for Anorak
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Financial Statements - Anorak
Detailed financials for Anorak
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Anorak Comparisons
Peer comparison for Anorak
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Life insurance quotes are compared via an online platform.
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Point-of-sale insurance solutions are provided to e-commerce and retail businesses.
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Cloud-based social media management platform
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Life insurance sales are boosted via social media autofill technology.
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App-based customer management and branding solutions for insurance are delivered.
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Detailed competitors of Anorak
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Latest news on Anorak
Complete news archive for Anorak
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Frequently Asked Questions about Anorak
Anorak was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Anorak is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Anorak is a funded company, having raised a total of $19.12M across 3 funding rounds to date.
As of Jan 31, 2021, the latest employee count at Anorak is 33.
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.
Anorak's top competitors include Simplesurance, Denim Social and Reassured.
Anorak offers Income Protection Insurance and Life Insurance.
Anorak has 8 investors. Key investors include Outward VC, Triple Point Ventures, Kamet Ventures, Nic Kohler, and Paul Evans.