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 as of June 30, 2023. 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 1708 as on 30 Jun, 2023
- Founders Douw Steyn
- Stage Minicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
- Legal Name Bgl Group Limited
- Date of Incorporation 21 Mar, 1991
- Jurisdiction PETERBOROUGH, CAMBRIDGESHIRE
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Annual Revenue
$257.9 (USD)0as on Dec 31, 2020
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Net Profit
$23.61 (USD)0as on Dec 31, 2020
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EBITDA
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Total Equity Funding
$905.72 M (USD)
in 2 rounds
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Latest Funding Round
$895.72 M (USD), Series E
Nov 23, 2017
- Investors
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Employee Count
1708
as on Jun 30, 2023
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Investments & Acquisitions
BillTech
& 1 more
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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 Total Funding
- Total Rounds 2
- Last Round Series E — $895.7M
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First Round
First Round
(28 Jun 1996)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2017 | Amount | Series E - BGL Group | Valuation | CPP Investments |
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| Jun, 1996 | Amount | Unspecified - BGL Group | 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 BGL Group
BGL Group has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include CPP Investments. 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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Pension fund assets are managed for sustainable long-term growth.
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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 BGL Group
BGL Group has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include BillTech and Courtanet. 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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Subscriptions are tracked and managed via automated bank analysis.
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2016 | ||||
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Insurance products are compared and purchased online in France.
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2007 |
| 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.
|
2014 |
Financial Statements - BGL Group
| 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 |
Bgl Group Comparisons
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. 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 |
Micro-insurance is delivered online to low-income individuals and businesses.
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| domain | founded_year | HQ Location |
Mobile-based insurance and health services are delivered through a platform.
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| domain | founded_year | HQ Location |
AI and web-enabled supply chain risk management solutions are provided.
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| domain | founded_year | HQ Location |
Risks for tradespeople are mitigated through an app-based insurance platform.
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| domain | founded_year | HQ Location |
Specialized insurance products are offered to high-growth companies.
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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 Bgl Group
Frequently Asked Questions about BGL Group
When was BGL Group founded?
BGL Group was founded in 1992 and raised its 1st funding round 4 years after it was founded.
Where is BGL Group located?
BGL Group is headquartered in Peterborough, United Kingdom.
Is BGL Group a funded company?
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 28, 1996.
How many employees does BGL Group have?
As of Jun 30, 2023, the latest employee count at BGL Group is 1,708.
What is the annual revenue of BGL Group?
Annual revenue of BGL Group is $257.9 as on Dec 31, 2020.
What does BGL Group do?
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.
Who are the top competitors of BGL Group?
BGL Group's top competitors include Bima Milvik, MicroEnsure and Stable.
How many acquisitions has BGL Group made?
Who are BGL Group's investors?
BGL Group has 1 investor. Key investors include CPP Investments.
What is BGL Group's valuation?
The valuation of BGL Group is $33M as of Jun 1996.
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