Atec
About Atec
Atec is a company based in United Kingdom was acquired by Perwyn in June 2024. It operates as a InsurTech, and Direct-to-Consumer (D2C). Atec has completed 1 acquisition, including Moorhouse Group. Atec offers products and services including Niche Insurance Solutions, Data-Driven Technology, and Omnichannel Distribution.
- Headquarter United Kingdom
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Sectors
Financial Services
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Phone
*********
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Website
*********
- Legal Name Atec Group Limited
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Perwyn
(Jun 24, 2024)
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Products & Services of Atec
Atec offers a comprehensive portfolio of products and services, including Niche Insurance Solutions, Data-Driven Technology, and Omnichannel Distribution. 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.
Solutions for niche and non-standard insurance are provided.
Data-centric systems for insurance distribution are developed.
Flexible omnichannel solutions for insurance partners are offered.
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Finance and Accounting
2 people
Group Team
1 people
Sales and Marketing
1 people
Leadership Team
1 people
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Funding Insights of Atec
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Atec
Atec has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Perwyn. 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 firm focused on multiple sectors
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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 Atec
Atec has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Moorhouse Group. 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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Provider of construction, courier, fleet, business, and other insurance services
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1990 |
| 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 - Atec
| 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 |
Atec Comparisons
Competitors of Atec
| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Atec
Where is Atec located?
Atec is headquartered in United Kingdom.
What does Atec do?
Atec is focused on delivering data-driven insurance solutions tailored for niche and non-standard markets. Operations are centered around a customer-centric approach, utilizing a central data warehouse to enhance customer choice, regulatory compliance, and operational efficiency. Omnichannel distribution solutions are offered, spanning underwriting, intermediaries, and white-label customer journeys. Scalable technology with modular approaches ensures speed to market and long-term growth. The company operates in the financial services sector, specifically targeting complex insurance needs with accessible, secure, and personalized digital experiences.
What products or services does Atec offer?
Atec offers Niche Insurance Solutions, Data-Driven Technology, and Omnichannel Distribution.
How many acquisitions has Atec made?
Atec has made 1 acquisition, including Moorhouse Group.
Who are Atec's investors?
Atec has 1 investor. Key investors include Perwyn.
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