About Buddy
Buddy is a company based in Richmond (United States) founded in 2011 by David Vogeleer and Jay Paul. It operates as a InsurTech. Buddy has raised $7.2 million across 2 funding rounds from investors including Plug and Play Tech Center, Sequoia Capital and Atypical Ventures. Buddy offers products and services including Buddy Insurance Platform. Buddy operates in a competitive market with competitors including Riskcovry, Socotra, FintechOS, ReSource Pro and eBaoTech, among others.
- Headquarter Richmond, United States
- Founders David Vogeleer, Jay Paul
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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
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- Legal Name Buddy Technology, 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
$7.2 M (USD)
in 2 rounds
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Latest Funding Round
$7.2 M (USD), Series A
Feb 13, 2024
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Investors
Plug and Play Tech Center
& 3 more
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Employee Count
Employee Count
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Products & Services of Buddy
Buddy offers a comprehensive portfolio of products and services, including Buddy Insurance Platform. 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.
A platform for simplifying online insurance sales.
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Funding Insights of Buddy
Buddy has successfully raised a total of $7.2M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7.2 million completed in February 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 Total Funding
- Total Rounds 2
- Last Round Series A — $7.2M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2024 | Amount | Series A - Buddy | Valuation | Sequoia Capital , Plug and Play Tech Center |
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| Nov, 2019 | Amount | Series A - Buddy | Valuation | Center for Innovative Technology |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Buddy
Buddy has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Plug and Play Tech Center, Sequoia Capital and Atypical Ventures. 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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Sequoia Capital is engaged in venture capital investments.
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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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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 Buddy
| 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 - Buddy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Buddy Comparisons
Competitors of Buddy
Buddy 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 Riskcovry, Socotra, FintechOS, ReSource Pro and eBaoTech, 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 |
A platform for digital insurance distribution and management is provided.
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| domain | founded_year | HQ Location |
Cloud-based solutions for insurance policy management and underwriting are offered.
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| domain | founded_year | HQ Location |
AI-based software suite is provided for banking and insurance sectors.
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| domain | founded_year | HQ Location |
Insurance policy and claim management solutions for the insurance industry
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| domain | founded_year | HQ Location |
Cloud-based insurance software suites are developed for insurers and partners.
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| domain | founded_year | HQ Location |
Cloud-based software solutions for credit insurers, surety bonds & trade finance
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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 Buddy
Frequently Asked Questions about Buddy
When was Buddy founded?
Buddy was founded in 2011 and raised its 1st funding round 8 years after it was founded.
Where is Buddy located?
Buddy is headquartered in Richmond, United States. It is registered at Richmond, Virginia, United States.
Is Buddy a funded company?
Buddy is a funded company, having raised a total of $7.2M across 2 funding rounds to date.
What does Buddy do?
Buddy is recognized for providing a digital operating system tailored for insurance commerce. The platform is designed to assist insurance companies and developers in distributing and managing insurance products online. Solutions offered by Buddy are aimed at streamlining the process of embedding insurance into applications and finding new distribution channels. The company operates within the InsurTech sector, targeting innovation in insurance technology.
Who are the top competitors of Buddy?
What products or services does Buddy offer?
Buddy offers Buddy Insurance Platform.
Who are Buddy's investors?
Buddy has 4 investors. Key investors include Plug and Play Tech Center, Sequoia Capital, Atypical Ventures, and Center for Innovative Technology.