About ARMD
ARMD is a company based in London (United Kingdom) founded in 2020 by Bernard Granados and Devin Chawda. ARMD has raised $469.92 thousand across 1 funding round. The company has 3 employees. ARMD operates in a competitive market with competitors including MicroEnsure, BGL Group, Bima Milvik, Stable and The Exeter, among others.
- Total Equity Funding$469.92K (USD)
in 1 rounds
- Latest Funding Round$469.92K (USD), Seed
Dec 2021
- Employee Count3
Funding Insights of ARMD
ARMD has successfully raised a total of $469.92K through 1 strategic funding round. The most recent funding activity was a Seed round of $469.92 thousand completed in December 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 $469,918
- Total Rounds 1
- Last Round Seed — $469,918
- First Round $469,918
(Dec 2021)
All 1 funding rounds of ARMD with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2021 | $469,918 | Seed | – | – | – |
People of ARMD
2 people are tracked at ARMD (2 in leadership); the tracked headcount is 3.
| Name | Role | Group |
|---|---|---|
Bernard Granados | Co-Founder | Leadership |
Devin Chawda | Co-Founder & CEO | Leadership |
Complete people profiles for ARMD
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of ARMD
2 dated milestones of ARMD across 1 years, from founding to its latest funding, stage changes and deals.
- Founded ARMD is founded.
- Funding First funding round of $470K.
Competitors of ARMD
ARMD 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 MicroEnsure, BGL Group, Bima Milvik, Stable and The Exeter, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| microensure.com | 2002 | Cheltenham, United Kingdom | $28M | – | Micro-insurance is delivered online to low-income individuals and businesses. | |
| bglgroup.co.uk | 1992 | Peterborough, United Kingdom | $905.72M | 1,708 | Insurance and financial services are distributed digitally by BGL Group. | |
| bimamobile.com | 2010 | London, United Kingdom | $208.8M | 31 | Mobile-based insurance and health services are delivered through a platform. | |
| stableclub.com | 2017 | London, United Kingdom | $50M | – | AI and web-enabled supply chain risk management solutions are provided. | |
| the-exeter.com | 2008 | Exeter, United Kingdom | – | – | Offers life insurance, income protection, health coverage, and member benefits to individuals. | |
| capsulecover.com | 2021 | Cheltenham, United Kingdom | $1.22M | – | Specialized insurance products are offered to high-growth companies. | |
| william-russell.com | 1992 | Lightwater, United Kingdom | – | – | Online life & non-life insurance for individuals and businesses |
Detailed competitors of ARMD
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- Full competitor set
- Operating metrics
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Web traffic of ARMD
The website of ARMD (armd.uk) receives about 3.1K visits a month.
- Monthly visits3.1K
▼ 23.4% vs previous month
Latest news on Armd
Complete news archive for ARMD
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- Full article archive
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Similar companies to ARMD
10 companies that operate in the same segment as ARMD (Insurance Providers), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 466.54 M | USD 1.12 B | 4,530 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 655.23 M | USD 216.04 M | 461 | |
Provider of a cloud-based platform for life and P&C insurance | 2015 | New York, New York, United States | USD 643.86 M | USD 615.2 M | 1,240 | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, France | USD 863.12 M | – | – | |
Online small business insurance policies are provided. | 2016 | Palo Alto, California, United States | USD 1.2 B | – | – | |
App-based comparison platform for financial products | 2009 | San Francisco, California, United States | USD 123.3 M | USD 836.6 M | 650 | |
Homeowners insurance coverage is delivered via an online platform. | 2015 | Palo Alto, California, United States | USD 709.36 M | USD 468.6 M | 478 | |
Online health insurance is provided to individuals and businesses. | 2012 | New York, New York, United States | USD 1.63 B | USD 11.7 B | 2,400 | |
Insurance plans are compared and purchased via an online marketplace. | 2008 | Gurugram, Haryana, India | – | – | – | |
Provider of protection plans and repair services for gadgets and appliances | 2011 | Mumbai, Maharashtra, India | USD 53.15 M | USD 35.77 M | 336 |
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Frequently Asked Questions about ARMD
ARMD was founded in 2020 and raised its 1st funding round 1 year after it was founded.
ARMD is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Devin Chawda is the current CEO of ARMD. They have also founded this company.
ARMD is a funded company, having raised a total of $469.92K across 1 funding round to date. The company's 1st funding round was a Seed of $469.92K, raised on Dec 2021.
ARMD has 3 employees.
ARMD was founded in 2020 in London, United Kingdom, as a technology platform in the insurance sector. Operations focus on supporting tradespeople with risk mitigation tools via a mobile app. Services encompass tool inventory tracking, security enhancements, specialized tool insurance, and streamlined purchasing or replacement of stolen equipment. Van protection and smart alarm integrations for tool monitoring are also included. The platform is available on iOS and Android devices.
ARMD's top competitors include Bima Milvik, MicroEnsure and BGL Group.
ARMD operates through Armd Limited.