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
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Bold Penguin Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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.
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
People of Bold Penguin
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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.
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.
| 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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Locked | Locked | Locked | |
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Locked | Locked | Locked | |
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Hudson Structured Capital Management is engaged in investment across insurance and transportation sectors.
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Locked | Locked | Locked |
Investor details for Bold Penguin
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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.
Investment portfolio details for Bold Penguin
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Insurance policies are reviewed using machine learning technology.
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Locked | Locked | 2016 | Locked | |
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Commercial insurance is quoted and bound via an online platform.
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Locked | Locked | 2015 | Locked | |
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Online quotes for business property and casualty insurance are compared.
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Locked | Locked | 2011 | Locked |
Complete acquisition details for Bold Penguin
Transaction dates, acquired stakes, disclosed values, domains, and locations require an active premium plan.
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Financial Statements - Bold Penguin
Detailed financials for Bold Penguin
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Bold Penguin Comparisons
Peer comparison for Bold Penguin
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Cloud-based platform for property and casualty insurance is provided.
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| Locked | Locked | Locked |
Cloud-based insurance policy and claims management solutions for the p&c insurance industry
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| Locked | Locked | Locked |
Cloud-based solutions for property, casualty, and general insurance are provided.
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| Locked | Locked | Locked |
Insurance policy management and risk management solutions for the P&C insurance industry
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| Locked | Locked | Locked |
Insurity is recognized for providing cloud-native insurance software solutions.
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Detailed competitors of Bold Penguin
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Latest news on Bold Penguin
Complete news archive for Bold Penguin
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Frequently Asked Questions about Bold Penguin
Bold Penguin was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Bold Penguin is headquartered in Columbus, United States. It is registered at Columbus, Ohio, United States.
Bold Penguin is a funded company, having raised a total of $32.1M across 3 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Bold Penguin is 210.
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.
Bold Penguin offers Terminal, Exchange, Storefront, and Analytics.
Bold Penguin has made 4 acquisitions, including Insureon, RiskGenius, and SquareRisk.
Bold Penguin has 7 investors. Key investors include Lockton, American Family Insurance, Lightstone, Pivot Ventures, and Hudson Structured Capital Management.