About Bold Penguin
Bold Penguin is a company based in Columbus (United States) founded in 2016 was acquired by American Family Insurance in January 2021.. Bold Penguin has raised $32.1 million across 3 funding rounds from investors including Lockton, American Family Insurance and Lightstone. The company has 210 employees as of December 31, 2022. Bold Penguin has completed 4 acquisitions, including Insureon, RiskGenius and SquareRisk. Bold Penguin offers products and services including Terminal, Exchange, Storefront, and Analytics. Bold Penguin operates in a competitive market with competitors including Guidewire, OneShield, Duck Creek, BetterView and Insurity, among others.
- Headquarter Columbus, United States
- Employees 210 as on 31 Dec, 2022
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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 Bold Penguin Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$32.1 M (USD)
in 3 rounds
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Latest Funding Round
$32 M (USD), Series B
Sep 23, 2019
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Investors
Lockton
& 6 more
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Employee Count
210
as on Dec 31, 2022
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Investments & Acquisitions
Insureon
& 3 more
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Acquired by
American Family Insurance
(Jan 14, 2021)
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Products & Services of Bold Penguin
Bold Penguin offers a comprehensive portfolio of products and services, including Terminal, Exchange, Storefront, and Analytics. 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.
Platform for quick insurance quoting and binding for agents
Marketplace to send and receive insurance leads
Customizable platform for branded online insurance applications
Tools for extracting and enriching insurance data for underwriting
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Funding Insights of Bold Penguin
Bold Penguin has successfully raised a total of $32.1M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $32 million completed in September 2019. 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 — $32.0M
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First Round
First Round
(01 Jun 2017)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2019 | Amount | Series B - Bold Penguin | Valuation | Hudson Structured , Lightstone |
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| Sep, 2018 | Amount | Series A - Bold Penguin | Valuation | Pivot Ventures |
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| Jun, 2017 | Amount | Seed - Bold Penguin | Valuation | Fintech71 |
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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 Bold Penguin
Bold Penguin has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Lockton, American Family Insurance and Lightstone. 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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Venture capital investments in technology, consumer, and fintech platforms across India and beyond.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Hudson Structured Capital Management is engaged in investment across insurance and transportation 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 Bold Penguin
Bold Penguin has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Insureon, RiskGenius and SquareRisk. 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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Insurance policies are reviewed using machine learning technology.
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2016 | ||||
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Commercial insurance is quoted and bound via an online platform.
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2015 | ||||
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Online quotes for business property and casualty insurance are compared.
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2011 |
| 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 - Bold Penguin
| 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 |
Bold Penguin Comparisons
Competitors of Bold Penguin
Bold Penguin 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 Guidewire, OneShield, Duck Creek, BetterView and Insurity, 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 |
Cloud-based platform for property and casualty insurance is provided.
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| domain | founded_year | HQ Location |
Cloud-based insurance policy and claims management solutions for the p&c insurance industry
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| domain | founded_year | HQ Location |
Cloud-based solutions for property, casualty, and general insurance are provided.
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| domain | founded_year | HQ Location |
Insurance policy management and risk management solutions for the P&C insurance industry
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| domain | founded_year | HQ Location |
Insurity is recognized for providing cloud-native insurance software solutions.
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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 Bold Penguin
Frequently Asked Questions about Bold Penguin
When was Bold Penguin founded?
Bold Penguin was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Bold Penguin located?
Bold Penguin is headquartered in Columbus, United States. It is registered at Columbus, Ohio, United States.
Is Bold Penguin a funded company?
Bold Penguin is a funded company, having raised a total of $32.1M across 3 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Jun 01, 2017.
How many employees does Bold Penguin have?
As of Dec 31, 2022, the latest employee count at Bold Penguin is 210.
What does Bold Penguin do?
Bold Penguin was founded in 2016 and is headquartered in Columbus, United States. Operations focus on the commercial insurance sector, where a software suite is provided for quoting, binding policies, customer retention, and risk data aggregation. Connections between businesses, agents, and carriers are facilitated to streamline the policy acquisition process. Additional tools are included to reduce operational friction in insurance workflows.
Who are the top competitors of Bold Penguin?
What products or services does Bold Penguin offer?
Bold Penguin offers Terminal, Exchange, Storefront, and Analytics.
How many acquisitions has Bold Penguin made?
Bold Penguin has made 4 acquisitions, including Insureon, RiskGenius, and SquareRisk.
Who are Bold Penguin's investors?
Bold Penguin has 7 investors. Key investors include Lockton, American Family Insurance, Lightstone, Pivot Ventures, and Hudson Structured Capital Management.
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