About Brightside Insurance
Brightside Insurance is a company based in Bristol (United Kingdom) founded in 2001 was acquired by Markerstudy in March 2021.. The company has 396 employees as of December 31, 2021. Brightside Insurance has completed 1 acquisition, including Evan Insurance. Brightside Insurance offers products and services including Car Insurance, Home Insurance, Business Insurance, and Van Insurance. Brightside Insurance operates in a competitive market with competitors including CompareTheMarket, Policy Expert, WeCovr, Co-opInsurance and Kwik Fit Insurance Services, among others.
- Headquarter Bristol, United Kingdom
- Employees 396 as on 31 Dec, 2021
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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 Brightside Insurance Services Limited
- Date of Incorporation 08 Jan, 2001
- Jurisdiction SEVENOAKS, KENT, UNITED KINGDOM
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Annual Revenue
$38.98 M (USD)-4as on Dec 31, 2020
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Net Profit
$-1.52 M (USD)27as on Dec 31, 2020
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EBITDA
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Latest Funding Round
$477.85 K (USD), Grant
Jul 10, 2020
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Investors
Gov.uk
& 2 more
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Employee Count
396
as on Dec 31, 2021
- Investments & Acquisitions
- Acquired by
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Products & Services of Brightside Insurance
Brightside Insurance offers a comprehensive portfolio of products and services, including Car Insurance, Home Insurance, Business Insurance, and Van Insurance. 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.
Covers vehicles like cars and vans with tailored risk protection options
Provides coverage for homes and properties against damages and risks
Offers liability and property protection for businesses and trades
Insures vans and fleets with affordable and customizable policies
Funding Insights of Brightside Insurance
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $477,855
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First Round
First Round
(10 Jul 2020)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Grant - Brightside Insurance | Valuation |
investors |
| 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 Brightside Insurance
Brightside Insurance has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Gov.uk, Markerstudy and AnaCap Financial Partners. 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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Private equity firm focused on mid-market financial, technology, and business services companies
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Founded Year | Domain | Location | |
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Online government services and information are provided to users.
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Founded Year | Domain | Location | |
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Insurance underwriting services are provided by Markerstudy in the UK.
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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 Brightside Insurance
Brightside Insurance has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Evan Insurance. 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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Bike insurance quotes are provided online by Evan Insurance.
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2005 |
| 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 - Brightside Insurance
| 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 |
Brightside Insurance Comparisons
Competitors of Brightside Insurance
Brightside Insurance 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 CompareTheMarket, Policy Expert, WeCovr, Co-opInsurance and Kwik Fit Insurance Services, 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 |
Operates an insurance comparison site to help users find and compare policies easily.
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| domain | founded_year | HQ Location |
Online P&C insurance comparison platform for individuals
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| domain | founded_year | HQ Location |
Insurance solutions are provided through AI-driven comparison tools by WeCovr.
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| domain | founded_year | HQ Location |
Non-life online insurance provider
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| domain | founded_year | HQ Location |
Online comparison platform for P&C insurance
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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 Brightside Insurance
Frequently Asked Questions about Brightside Insurance
When was Brightside Insurance founded?
Brightside Insurance was founded in 2001 and raised its 1st funding round 19 years after it was founded.
Where is Brightside Insurance located?
Brightside Insurance is headquartered in Bristol, United Kingdom. It is registered at Bristol, England, United Kingdom.
Who is the current CEO of Brightside Insurance?
Mark Cliff is the current CEO of Brightside Insurance.
How many employees does Brightside Insurance have?
As of Dec 31, 2021, the latest employee count at Brightside Insurance is 396.
What is the annual revenue of Brightside Insurance?
Annual revenue of Brightside Insurance is $38.98M as on Dec 31, 2020.
What does Brightside Insurance do?
Brightside Insurance was founded in 2001 in Bristol, United Kingdom, within the property and casualty insurance sector. A comparison platform is maintained, where quotes for automobile, home and property, pet, and business coverage are sourced from partners including AXA, Aviva, NIG, Ageas, Covea Insurance, and Premier. A claiming portal is operated, and online management of policies is facilitated through access to quotes and documents.
Who are the top competitors of Brightside Insurance?
Brightside Insurance's top competitors include Policy Expert, Co-opInsurance and Kwik Fit Insurance Services.
What products or services does Brightside Insurance offer?
Brightside Insurance offers Car Insurance, Home Insurance, Business Insurance, and Van Insurance.
How many acquisitions has Brightside Insurance made?
Brightside Insurance has made 1 acquisition, including Evan Insurance.
Who are Brightside Insurance's investors?
Brightside Insurance has 3 investors. Key investors include Gov.uk, Markerstudy, and AnaCap Financial Partners.