About Broker Buddha
Broker Buddha is a company based in New York (United States) founded in 2014 was acquired by Acturis in August 2023.. Broker Buddha has raised $10.5 million across 4 funding rounds from investors including Acturis, Plug and Play Tech Center and SiriusPoint. Broker Buddha offers products and services including Interactive Smart Form Library, Application Builder, and Broker Buddha Lite. Broker Buddha operates in a competitive market with competitors including Wefox, Keystone Agency Partners, Agentero, Zywave and Stubben Edge, among others.
- Headquarter New York, United States
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Broker Buddha Technology
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Products & Services of Broker Buddha
Broker Buddha offers a comprehensive portfolio of products and services, including Interactive Smart Form Library, Application Builder, and Broker Buddha Lite. 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.
Online forms for completing insurance applications efficiently.
Tool to create and customize insurance applications online.
RESTful API for integrating insurance submission processes.
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Funding Insights of Broker Buddha
Broker Buddha has successfully raised a total of $10.5M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in April 2022. 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 Series A — $5.0M
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First Round
First Round
(01 Jun 2016)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2022 | Amount | Series A - Broker Buddha | Valuation | SiriusPoint |
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| Sep, 2019 | Amount | Series A - Broker Buddha | Valuation | Vertex Ventures |
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| Jun, 2018 | Amount | Seed - Broker Buddha | Valuation | Plug and Play Tech Center |
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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 Broker Buddha
Broker Buddha has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Acturis, Plug and Play Tech Center and SiriusPoint. 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 seed and series-A investment in fintech, SaaS and infrastructure software startups
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Founded Year | Domain | Location | |
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Startups are accelerated and invested in across multiple tech sectors.
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Founded Year | Domain | Location | |
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Tech startups in US sectors are funded by Interplay Ventures.
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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 Broker Buddha
| 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 - Broker Buddha
| 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 |
Broker Buddha Comparisons
Competitors of Broker Buddha
Broker Buddha 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 Wefox, Keystone Agency Partners, Agentero, Zywave and Stubben Edge, 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 |
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| domain | founded_year | HQ Location |
App-based P&C insurance comparison platform for individuals
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| domain | founded_year | HQ Location |
Insurance agency management solutions are provided to the industry.
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| domain | founded_year | HQ Location |
App-based management solutions for insurance agents are offered.
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| domain | founded_year | HQ Location |
Cloud-based agency management solutions are provided for the insurance industry.
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| domain | founded_year | HQ Location |
Cloud-based management solutions are provided for insurance brokers.
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| domain | founded_year | HQ Location |
SME insurance portfolios are managed via an online broker platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Broker Buddha
Frequently Asked Questions about Broker Buddha
When was Broker Buddha founded?
Broker Buddha was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Broker Buddha located?
Broker Buddha is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Broker Buddha a funded company?
Broker Buddha is a funded company, having raised a total of $10.5M across 4 funding rounds to date.
What does Broker Buddha do?
Broker Buddha was founded in 2014 in New York, United States, within the insurance technology sector. Cloud-based platforms for sales and renewal processing are delivered to commercial insurance brokers. Client relationships are supported through integrated tools, enabling business growth via technology. Additional solutions for managing client interactions are included in the offerings, with operations focused on the U.S. market.
Who are the top competitors of Broker Buddha?
Broker Buddha's top competitors include Wefox, Stubben Edge and Agentero.
What products or services does Broker Buddha offer?
Broker Buddha offers Interactive Smart Form Library, Application Builder, and Broker Buddha Lite.
Who are Broker Buddha's investors?
Broker Buddha has 5 investors. Key investors include Acturis, Plug and Play Tech Center, SiriusPoint, VVUS, and Interplay.