About Asurion
Asurion is a company based in Nashville (United States) founded in 1994 by Kevin Taweel was acquired by iQor in October 2016.. Asurion has raised $466.72 million across 5 funding rounds from investors including Welsh, Carson, Anderson & Stowe, CPP Investments and Berkshire Partners. Asurion has completed 3 acquisitions, including Domestic & General, Soluto and uBreakiFix. Asurion offers products and services including Protection Plans, Tech Support, and Repair Services. Asurion operates in a competitive market with competitors including ESCO and School Device Coverage, among others.
- Headquarter Nashville, United States
- Founders Kevin Taweel
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Asurion Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$466.72 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
Welsh, Carson, Anderson & Stowe
& 6 more
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Employee Count
Employee Count
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Investments & Acquisitions
Domestic & General
& 2 more
- Acquired by
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Products & Services of Asurion
Asurion offers a comprehensive portfolio of products and services, including Protection Plans, Tech Support, and Repair Services. 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.
Offers coverage for device repairs and replacements.
Provides expert help for troubleshooting and setup issues.
Facilitates fast repairs for phones, computers, and appliances.
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Software Development Team
99 people
Leadership Team
79 people
Product Management Team
41 people
Sales and Marketing
37 people
Senior Team
37 people
Operations Team
26 people
Finance and Accounting
22 people
Data Analysis and Operations Team
14 people
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Funding Insights of Asurion
Asurion has successfully raised a total of $466.72M across 5 strategic funding rounds. 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 5
- Last Round Last Round
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First Round
First Round
(02 Apr 2001)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2012 | Amount | Series D - Asurion | Valuation |
investors |
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| Jun, 2007 | Amount | Series C - Asurion | Valuation | CPP Investments |
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| Jun, 2006 | Amount | Series C - Asurion | 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 Asurion
Asurion has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Welsh, Carson, Anderson & Stowe, CPP Investments and Berkshire Partners. 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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Private equity investments are directed toward growth-stage companies.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by private equity firm TA.
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Founded Year | Domain | Location | |
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Private equity investments are directed toward key sectors by MDP.
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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 Asurion
Asurion has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Domestic & General, Soluto and uBreakiFix. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Same-day repair services for electronic devices are provided.
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2009 | ||||
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Cloud-based mobile device management services are provided by Soluto.
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2008 | ||||
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Extended warranties and repairs for appliances and electronics are offered.
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1912 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Asurion
| 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 |
Asurion Comparisons
Competitors of Asurion
Asurion 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 ESCO and School Device Coverage, 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 |
Hearing aid insurance services are provided in the United States.
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| domain | founded_year | HQ Location |
Provides affordable insurance for educational technology devices to schools and parents.
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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 Asurion
Frequently Asked Questions about Asurion
When was Asurion founded?
Asurion was founded in 1994 and raised its 1st funding round 7 years after it was founded.
Where is Asurion located?
Asurion is headquartered in Nashville, United States. It is registered at Nashville, Tennessee, United States.
Who is the current CEO of Asurion?
Kevin Taweel is the current CEO of Asurion.
Is Asurion a funded company?
Asurion is a funded company, having raised a total of $466.72M across 5 funding rounds to date.
What does Asurion do?
Asurion is a handset insurance company providing technology protection services to user contents, software, wireless and wired handsets. Asurion provides device replacement services for the lost, stolen and damaged wireless handsets to malfunctioning computers or HDTVs . Partnered with North Americas top 5 nationwide companies and many regional carriers to help customers get a replacement phone. iQor has closed the acquisition of a portion of Asurions customer support operations in December 2016. Earlier to this DST Systems Inc. has agreed to sell a significant stake of Asurion Corp. to undisclosed PE firms.
Who are the top competitors of Asurion?
Asurion's top competitors include ESCO and School Device Coverage.
What products or services does Asurion offer?
Asurion offers Protection Plans, Tech Support, and Repair Services.
How many acquisitions has Asurion made?
Asurion has made 3 acquisitions, including Domestic & General, Soluto, and uBreakiFix.
Who are Asurion's investors?
Asurion has 7 investors. Key investors include Welsh, Carson, Anderson & Stowe, CPP Investments, Berkshire Partners, TA Associates, and Madison Dearborn Partners.
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