About Anorak
Anorak is a Financial Services company based in London (United Kingdom) founded in 2017, and was acquired by Clark Group in January 2023. Income protection and life insurance are provided by Anorak. It operates on a Brokerage / Intermediation model. 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. Anorak offers products and services including Income Protection Insurance and Life Insurance. Its focus areas include Insurance and Personal Insurance. Its legal entity is Candid Insurance Services Ltd. Its competitors include Reassured, Digital Fineprint and BrokerIQ; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters London, United Kingdom
- Employees 33
- Stage Acquired
- SectorsFinancial Services
- Phone•••• ••••
- Website anorak.life
- Social LinkedIn
- Acquired by Clark Group (Jan 2023)
- Legal Name Candid Insurance Services Ltd
- Total Equity Funding$19.12M (USD)
in 3 rounds
- Latest Funding Round$7.08M (USD), Series A
Jun 2021
- InvestorsOutward VC
& 7 more
- Employee Count33
- Acquired byClark Group
(Jan 2023)
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.
- Total Funding $19.12M
- Total Rounds 3
- Last Round Series A — $7.08M
- First Round $5.54M
(Jan 2018)
- Investors Count 7
All 3 funding rounds of Anorak with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
8 investors in total: 4 institutional and 4 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage tech companies are invested in by venture capital fund. | outwardvc.com | London, United Kingdom | ||
Kamet Ventures is engaged in building transformative companies in HealthTech and InsurTech. | kametventures.com | Paris, France | ||
Early-stage investments are made in B2B software companies. | triplepoint.vc | London, United Kingdom | ||
NK Nic Kohler | Angel investor and entrepreneur, focusing on tech startups in India. | unknown_34a510fda2bc43188 | ||
PE Paul Evans | Angel investor focusing on Indian startups, based in Bangalore. | unknown_3e06cde5ae4e4e4b9 | ||
WN Will Neale | UK-based angel investor in Indian startups, focused on tech and innovation. | unknown_507ae26177914e75b | ||
CD Charles Delingpole | Founder of ComplyAdvantage, angel investor in Indian startups, fintech expert | unknown_6e8daab8ae45462fb | ||
CLARK is recognized as a leading InsurTech in Europe. | 2015 | clarkgroup.io | Frankfurt am Main, Germany |
Investor details for Anorak
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Anorak
4 dated milestones of Anorak across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Anorak is founded.
- Funding First funding round of $5.5M.
- Funding Latest funding round, Series A, of $7.1M.
- Exit Acquired by Clark Group.
Competitors of Anorak
Anorak has 3 listed competitors in our database, 1 of them funded. They include Reassured, Digital Fineprint and BrokerIQ.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| reassured.co.uk | 2009 | Basingstoke, United Kingdom | 1,582 | Life insurance quotes are compared via an online platform. | ||
| digitalfineprint.com | 2015 | Oxford, United Kingdom | $6.71M | 8 | Life insurance sales are boosted via social media autofill technology. | |
| brokeriq.co.uk | 2020 | Belfast, United Kingdom | App-based customer management and branding solutions for insurance are delivered. |
Detailed competitors of Anorak
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Anorak
The website of Anorak (anorak.life) receives about 8.7K visits a month.
- Monthly visits8.7K
▲ 3.8% vs previous month
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Anorak
Complete news archive for Anorak
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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. The company's 1st funding round was a Seed of $5.54M, raised on Jan 2018.
Anorak has 33 employees.
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 Reassured, Digital Fineprint and BrokerIQ.
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.
Anorak operates through Candid Insurance Services Ltd.
Yes. Anorak was acquired by Clark Group in January 2023.