About Boost
Boost is a company based in New York (United States) founded in 2017 by Alex Maffeo. It operates as a API-as-a-Product, Embedded Insurance Platforms, and InsurTech. Boost has raised $37 million across 4 funding rounds from investors including Norwest Venture Partners, State National Companies and Nephila. The company has 28 employees as of December 31, 2024. Boost offers products and services including SMB Commercial Cyber, Business Owners, Management Liability, Parental Leave, and Pet Health.
- Headquarter New York, United States
- Employees 28 as on 31 Dec, 2024
- Founders Alex Maffeo
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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 Boost Insurance Usa, 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
$37 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Norwest Venture Partners
& 13 more
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Employee Count
28
as on Dec 31, 2024
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Products & Services of Boost
Boost offers a comprehensive portfolio of products and services, including SMB Commercial Cyber, Business Owners, Management Liability, Parental Leave, and Pet Health. 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.
Protection against cyber threats is provided for businesses.
Essential insurance protection is offered for small businesses.
Comprehensive business coverage is made accessible and affordable.
Affordable paid parental leave is provided for workforces.
Pet health protection is offered for customer reassurance.
Unique crypto insurance is provided for retail holders.
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Funding Insights of Boost
Boost has successfully raised a total of $37M across 4 strategic funding rounds. 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 4
- Last Round Last Round
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First Round
First Round
(26 Sep 2017)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Private Equity Round - Boost | Valuation | BHMS Investments |
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| May, 2021 | Amount | Series B - Boost | Valuation | RRE Ventures | |
| Feb, 2020 | Amount | Series A - Boost | Valuation | Coatue , Greycroft |
| 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 Boost
Boost has secured backing from 14 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Norwest Venture Partners, State National Companies and Nephila. 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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A private investment firm based in Westport, CT.
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Founded Year | Domain | Location | |
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VC firm investing in seed and early stage companies in the US
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Founded Year | Domain | Location | |
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Venture capital investing with a focus on diversity and inclusion in the ecosystem.
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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 Boost
| 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 |
Financial Statements - Boost
| 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 |
Boost Comparisons
Competitors of Boost
| 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 Boost
Frequently Asked Questions about Boost
When was Boost founded?
Boost was founded in 2017.
Where is Boost located?
Boost is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Boost?
Alex Maffeo is the current CEO of Boost. They have also founded this company.
Is Boost a funded company?
Boost is a funded company, having raised a total of $37M across 4 funding rounds to date. The company's 1st funding round was a Series A of $14M, raised on Sep 26, 2017.
How many employees does Boost have?
As of Dec 31, 2024, the latest employee count at Boost is 28.
What does Boost do?
A full-stack digital insurance platform is offered by Boost, designed for scale and catering to insurtechs, MGAs, and embedded insurance innovators. Compliance, capital, and technology infrastructure are packaged into a single API-based solution. Customizable white-label products are supported on rated carrier paper with dedicated reinsurance capacity. Solutions are provided for digital management of insurance policy lifecycles, real-time data insights, and agency management. The platform serves high-growth insurtechs, brokers, agents, and (re)insurers across various industries, enabling faster market entry and scalability.
What products or services does Boost offer?
Boost offers SMB Commercial Cyber, Business Owners, Management Liability, Parental Leave, and 2 more products and services.
Who are Boost's investors?
Boost has 14 investors. Key investors include Norwest Venture Partners, State National Companies, Nephila, BHMS Investments, and RRE Ventures.
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