About Bamboo Insurance
Bamboo Insurance is a company based in Gold River (United States) founded in 2017 by John Chu was acquired by White Mountains in October 2023.. Bamboo Insurance has raised $40.88 million across 3 funding rounds from investors including White Mountains and Eos Venture Partners. The company has 100 employees as of December 31, 2023. Bamboo Insurance offers products and services including Homeowners Insurance, Renters Insurance, and Auto Insurance. Bamboo Insurance operates in a competitive market with competitors including Vouch, Branch, Pier, Goodcover and Wax Collect, among others.
- Headquarter Gold River, United States
- Employees 100 as on 31 Dec, 2023
- Founders John Chu
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bamboo Ide8 Insurance Services, Llc
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Annual Revenue
$71.69 K (USD)-41as on Oct 31, 2022
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Net Profit
$-14.36 K (USD)-305as on Oct 31, 2022
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EBITDA
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Total Equity Funding
$40.88 M (USD)
in 3 rounds
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Latest Funding Round
$18.83 M (USD), Series B
May 01, 2023
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Investors
White Mountains
& 1 more
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Employee Count
100
as on Dec 31, 2023
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Acquired by
White Mountains
(Oct 20, 2023)
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Products & Services of Bamboo Insurance
Bamboo Insurance offers a comprehensive portfolio of products and services, including Homeowners Insurance, Renters Insurance, and Auto Insurance. 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.
Protects homes and personal property from losses and liabilities.
Covers renters' belongings and associated risks.
Provides coverage for auto accidents and vehicle damages.
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Funding Insights of Bamboo Insurance
Bamboo Insurance has successfully raised a total of $40.88M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $18.83 million completed in May 2023. 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 3
- Last Round Series B — $18.8M
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First Round
First Round
(07 Aug 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series B - Bamboo Insurance | Valuation |
investors |
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| Sep, 2022 | Amount | Series A - Bamboo Insurance | Valuation | Eos Venture Partners |
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| Aug, 2017 | Amount | Series A - Bamboo Insurance | Valuation |
investors |
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| 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 Bamboo Insurance
Bamboo Insurance has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include White Mountains and Eos Venture 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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Eos Venture Partners is focused on insurance technology investments.
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Founded Year | Domain | Location | |
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Financial service holding company with focus in P&C insurance
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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 Bamboo Insurance
| 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 |
Financial Statements - Bamboo Insurance
| 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 |
Bamboo Insurance Comparisons
Competitors of Bamboo Insurance
Bamboo Insurance 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 Vouch, Branch, Pier, Goodcover and Wax Collect, 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 |
Insurance solutions for early-stage and high-growth companies are provided by Vouch.
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| domain | founded_year | HQ Location |
Auto and home insurance solutions are provided by Branch.
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| domain | founded_year | HQ Location |
P&C insurance for individuals is provided via mobile app.
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| domain | founded_year | HQ Location |
Renters insurance is provided through a cooperative member dividend model.
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| domain | founded_year | HQ Location |
Platform for insuring valuables
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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 Bamboo Insurance
Frequently Asked Questions about Bamboo Insurance
When was Bamboo Insurance founded?
Bamboo Insurance was founded in 2017.
Where is Bamboo Insurance located?
Bamboo Insurance is headquartered in Gold River, United States. It is registered at Gold River, California, United States.
Who is the current CEO of Bamboo Insurance?
John Chu is the current CEO of Bamboo Insurance. They have also founded this company.
Is Bamboo Insurance a funded company?
Bamboo Insurance is a funded company, having raised a total of $40.88M across 3 funding rounds to date. The company's 1st funding round was a Series A of $6.05M, raised on Aug 07, 2017.
How many employees does Bamboo Insurance have?
As of Dec 31, 2023, the latest employee count at Bamboo Insurance is 100.
What is the annual revenue of Bamboo Insurance?
Annual revenue of Bamboo Insurance is $71.69K as on Oct 31, 2022.
What does Bamboo Insurance do?
Bamboo Insurance was founded in 2017 and is headquartered in Gold River, United States. An online platform is maintained for comparing property and casualty insurance products. Coverage options including homeowners insurance, property insurance, flood insurance, and earthquake insurance are provided, in addition to auto insurance. Operations focus on enabling users to evaluate and select policies within the insurance sector.
Who are the top competitors of Bamboo Insurance?
What products or services does Bamboo Insurance offer?
Bamboo Insurance offers Homeowners Insurance, Renters Insurance, and Auto Insurance.
Who are Bamboo Insurance's investors?
Bamboo Insurance has 2 investors. Key investors include White Mountains, and Eos Venture Partners.