About BGL Group
BGL Group is a company based in Peterborough (United Kingdom) founded in 1992 by Douw Steyn. BGL Group has raised $905.72 million across 2 funding rounds from investors including CPP Investments. The company has 1,708 employees. BGL Group has completed 2 acquisitions, including BillTech and Courtanet. BGL Group operates in a competitive market with competitors including MicroEnsure, Bima Milvik, Stable, ARMD and Capsule Cover, among others.
- Headquarter Peterborough, United Kingdom
- Employees 1,708
- Founders Douw Steyn
- Stage Minicorn
- SectorsFinancial Services
- Website bglgroup.co.uk
- Legal Name Bgl Group Limited
- Date of Incorporation 21 Mar, 1991
- Jurisdiction PETERBOROUGH, CAMBRIDGESHIRE
- Annual Revenue$257.9 (USD)0as on Dec 31, 2020
- Net Profit$23.61 (USD)0as on Dec 31, 2020
- Total Equity Funding$905.72M (USD)
in 2 rounds
- Latest Funding Round$895.72M (USD), Series E
Nov 2017
- Investors
- Employee Count1,708
- Investments & AcquisitionsBillTech
& 1 more
Funding Insights of BGL Group
BGL Group has successfully raised a total of $905.72M across 2 strategic funding rounds. The most recent funding activity was a Series E round of $895.72 million completed in November 2017. 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 $905.72M
- Total Rounds 2
- Last Round Series E — $895.72M
- First Round $10M
(Jun 1996)
- Investors Count 1
All 2 funding rounds of BGL Group 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 |
|---|---|---|---|---|---|
| Nov 2017 | $895.72M | Series E | – | CPP Investments | – |
| Jun 1996 | $10M | Unspecified | $33M | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Jun 1996 | $33M | •••••••• |
Last known valuation $33M (Jun 1996). 1 investors in total: 1 institutional.
Investors in BGL Group
BGL Group has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include CPP Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Pension fund assets are managed for sustainable long-term growth. | 1997 | cppinvestments.com | Toronto, Canada |
Investor details for BGL Group
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People of BGL Group
26 people are tracked at BGL Group (5 in leadership, 4 in board & advisors, 17 in team); the tracked headcount is 1,708.
| Name | Role | Group |
|---|---|---|
Douw Steyn | Founder | Leadership |
Dominic Platt | Chief Financial Officer | Leadership |
Pierre Gambarini | Finance & Operations Director / BGL France | Leadership |
Jeremy Marsden | Chief Risk and Compliance Officer | Leadership |
Mark Bailie | Chief Executive Officer | Leadership |
Katherine Chung | Non-Executive Director | Board & advisors |
Iñaki Echave | Independent Non-Executive Director | Board & advisors |
Debbie Hewitt | Independent Non-Executive Chairman | Board & advisors |
Ian Leech | Non-Executive Director | Board & advisors |
Lynn Bell | Lending Support Team | Team |
Gianni Mastrocristino | Compliance Manager | Team |
Anna Warnes | Commercial Finance Manager | Team |
Lesley Cassidy | Senior Commercial Analyst | Team |
James Fraser | Assistant Management Accountant | Team |
Chris Jones | Asst Management Accountant | Team |
Lee Potter | Accounts Assistant | Team |
Thomas Rennison | Finance Graduate | Team |
Kristina Juskyte | Assistant Management Accountant | Team |
Robert Weald | Senior Manager, Risk Review | Team |
Rachel Sullivan | Fraud Intelligence Executive | Team |
6 more people are available in the full profile.
Complete people profiles for BGL Group
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Investments & Acquisitions by BGL Group
BGL Group has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include BillTech and Courtanet.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Subscriptions are tracked and managed via automated bank analysis. | usebean.com | London, United Kingdom | 2016 | Oct 2018 | •••• | |
Insurance products are compared and purchased online in France. | courtanet.fr | Paris, France | 2007 | Nov 2010 | •••• |
Complete acquisition details for BGL Group
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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- Exports
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Timeline of BGL Group
6 dated milestones of BGL Group across 26 years, from founding to its latest funding, stage changes and deals.
Competitors of BGL Group
BGL Group 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, Bima Milvik, Stable, ARMD and Capsule Cover, 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. | |
| 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. | |
| armd.uk | 2020 | London, United Kingdom | $469,918 | 3 | Risks for tradespeople are mitigated through an app-based insurance platform. | |
| capsulecover.com | 2021 | Cheltenham, United Kingdom | $1.22M | – | Specialized insurance products are offered to high-growth companies. | |
| the-exeter.com | 2008 | Exeter, United Kingdom | – | – | Offers life insurance, income protection, health coverage, and member benefits to individuals. | |
| william-russell.com | 1992 | Lightwater, United Kingdom | – | – | Online life & non-life insurance for individuals and businesses |
Detailed competitors of BGL Group
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Latest news on Bgl Group
Complete news archive for BGL Group
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to BGL Group
10 companies that operate in the same segment as BGL Group (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 BGL Group
BGL Group was founded in 1992 and raised its 1st funding round 4 years after it was founded.
BGL Group is headquartered in Peterborough, United Kingdom.
BGL Group is a funded company, having raised a total of $905.72M across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $10M, raised on Jun 1996.
BGL Group has 1,708 employees.
Annual revenue of BGL Group is $257.9 as on Dec 31, 2020.
Founded in 1992 in Peterborough, United Kingdom, BGL Group functions as a digital distributor within the insurance and financial services sector. Vehicle and home insurance are offered alongside supplementary products like breakdown coverage. Consumer-facing price comparison and product purchasing portals are maintained across multiple platforms. Associated brands include compare-the-market, les-furets, and beagle-street.
BGL Group's top competitors include Bima Milvik, MicroEnsure and Stable.
BGL Group has 1 investor. Key investors include CPP Investments.
The valuation of BGL Group is $33M as of Jun 1996.
BGL Group operates through Bgl Group Limited.