About BondAval
BondAval is a Financial Services company based in London (United Kingdom) founded in 2020 by Sam Damoussi and Tom Powell. It operates as a credit risk security solutions are provided for B2B transactions. BondAval has raised $42.74 million across 4 funding rounds from investors including FJ Labs, Dawn Capital and Broadhaven Capital Partners. The company has 24 employees. Its chief executive is Tom Powell. BondAval offers products and services including Non-Payment Guarantees and Trade Credit Insurance. Its focus areas include FinTech, Internet First Insurance Platforms, Internet First Insurers and P&C. Its legal entity is BONDAVAL LTD. Its competitors include Nimbla and TradeCrediTech; 1 of its 2 listed competitors has raised funding.
Company details
BondAval was founded in 2020 and is headquartered in London, United Kingdom. Credit risk security solutions are offered by the company within the financial services sector. These solutions replace collateral-based instruments and trade credit insurance for B2B credit security. Operations include risk monitoring, claims handling, and portfolio updates for payment security. Services focus on enabling secure trade without traditional guarantees.
- Headquarters London, United Kingdom
- Employees 24
- Founders Sam Damoussi, Tom Powell
- SectorsFinancial Services
- Email••••••••
- Website bondaval.com
- Social LinkedIn X
- Legal Name Bondaval Ltd
- Date of Incorporation 28 May, 2020
- Jurisdiction LONDON, UNITED KINGDOM
- Total Equity Funding$42.74M (USD)
in 4 rounds
- Latest Funding Round$19.1M (USD), Series B
May 2024
- InvestorsFJ Labs
& 15 more
- Employee Count24
Products & Services of BondAval
BondAval offers a comprehensive portfolio of products and services, including Non-Payment Guarantees and Trade Credit Insurance.
Protects businesses against non-payment risk for receivables.
Provides comprehensive cover for trade credits via digital platform.
Funding Insights of BondAval
BondAval has successfully raised a total of $42.74M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $19.1 million completed in May 2024. 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 $42.74M
- Total Rounds 4
- Last Round Series B — $19.1M
- First Round $1.64M
(Jan 2021)
- Investors Count 16
All 4 funding rounds of BondAval 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 |
|---|---|---|---|---|---|
| May 2024 | $19.1M | Series B | – | Dawn Capital | – |
| Dec 2022 | $15M | Series A | – | Talis Capital | |
| Oct 2021 | $7M | Seed | – | Octopus Ventures | |
| Jan 2021 | $1.64M | Seed | – | Insurtech Gateway |
16 investors in total: 8 institutional and 8 angel.
Investors in BondAval
BondAval has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include FJ Labs, Dawn Capital and Broadhaven Capital Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Dawn Capital is focused on investing in European software startups. | 2007 | dawncapital.com | London, United Kingdom | |
Venture capital fund investing in tech startups | – | taliscapital.com | London, United Kingdom | |
Venture capital investment and support for founders in technology and health sectors. | – | octopusventures.com | - | |
Insurtech Gateway is focused on incubating and funding insurtech startups. | 2016 | insurtechgateway.com | St. Albans, United Kingdom | |
Startups are incubated across sectors by the agnostic studio. | – | expa.com | San Francisco, United States | |
Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors | 2007 | fjlabs.com | New York, United States | |
Seed-stage technology startups are invested in by TrueSight Ventures. | – | truesight.vc | London, United Kingdom | |
Regional investment bank services in M&A and finance are provided. | 2001 | broadhaven.com | New York, United States | |
TB Tom Blomfield | Co-founder of Monzo and GoCardless, active angel investor in fintech. | – | unknown_7faa11e6c9454ec8a | - |
MC Matt Clifford | Co-founder of Entrepreneur First, angel investor, supports Indian startups | – | unknown_738ca9fdc7a945f59 | - |
Investor details for BondAval
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of BondAval
15 people are tracked at BondAval (8 in leadership, 1 in board & advisors, 6 in team); the tracked headcount is 24.
| Name | Role | Group |
|---|---|---|
Sam Damoussi | Co-Founder & CRO | Leadership |
Tom Powell | Co-Founder & CEO | Leadership |
Robert Lumley | Director | Leadership |
Elani Buchan | Group Head Of Insurance Operations | Leadership |
Yoel Marson | CTO | Leadership |
Sandy Forster | VP Product | Leadership |
Lei Zhong | Head of Data Science | Leadership |
Jochen Duemler | Chief Underwriting Officer, North America | Leadership |
Arthur Leung | Advisor | Board & advisors |
Rory McCool Duncan | Talent Lead (Via Adaptor) | Team |
Sravya Sruti R | Quality Assurance Engineer | Team |
Yuli Li | High-intermediate Machine Learning Engineer | Team |
Hugo Saunders | Operations Associate | Team |
Katrina Harris | Product Manager | Team |
Stefanie Naumann | Senior Product Manager | Team |
Complete people profiles for BondAval
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of BondAval
3 dated milestones of BondAval across 4 years, from founding to its latest funding, stage changes and deals.
- Founded BondAval is founded.
- Funding First funding round of $1.6M.
- Funding Latest funding round, Series B, of $19.1M.
Competitors of BondAval
BondAval has 2 listed competitors in our database, 1 of them funded. They include Nimbla and TradeCrediTech, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nimbla.com | 2016 | London, United Kingdom | $7.07M | – | Debt collection and real-time analysis software is offered online. | |
| tradecreditech.com | 2016 | London, United Kingdom | – | 16 | Offers online invoice insurance solutions for businesses. |
Detailed competitors of BondAval
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Insurance Providers
10 companies that operate in the same segment as BondAval (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 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Bondaval
Complete news archive for BondAval
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about BondAval
BondAval was founded in 2020 and raised its 1st funding round 1 year after it was founded.
BondAval is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Tom Powell is the current CEO of BondAval. They have also founded this company.
BondAval is a funded company, having raised a total of $42.74M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.64M, raised on Jan 2021.
BondAval has 24 employees.
BondAval was founded in 2020 and is headquartered in London, United Kingdom. Credit risk security solutions are offered by the company within the financial services sector. These solutions replace collateral-based instruments and trade credit insurance for B2B credit security. Operations include risk monitoring, claims handling, and portfolio updates for payment security. Services focus on enabling secure trade without traditional guarantees.
BondAval's top competitors include Nimbla and TradeCrediTech.
BondAval offers Non-Payment Guarantees and Trade Credit Insurance.
BondAval has 16 investors. Key investors include FJ Labs, Dawn Capital, Broadhaven Capital Partners, Talis Capital, and Octopus Ventures.
BondAval operates through Bondaval Ltd.