About Buddy
Buddy is a Financial Services company based in Richmond (United States) founded in 2011 by David Vogeleer and Jay Paul. It operates as an insurance gateway solutions are provided for managing industry products. It operates on a InsurTech model. 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. Its focus areas include Technology, InsurTech and Insurance Platforms. Its legal entity is Buddy Technology, Inc. Its competitors include Riskcovry, Socotra, FintechOS, ReSource Pro and eBaoTech and 4 more; 7 of its 9 listed competitors have raised funding.
Company details
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.
- Headquarters Richmond, United States
- Founders David Vogeleer, Jay Paul
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website buddy.insure
- Social LinkedIn X Facebook
- Legal Name Buddy Technology, Inc.
- Total Equity Funding$7.2M (USD)
in 2 rounds
- Latest Funding Round$7.2M (USD), Series A
Feb 2024
- InvestorsPlug and Play Tech Center
& 3 more
Products & Services of Buddy
Buddy offers a comprehensive portfolio of products and services, including Buddy Insurance Platform.
A platform for simplifying online insurance sales.
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 $7.2M
- Total Rounds 2
- Last Round Series A — $7.2M
- Investors Count 4
All 2 funding rounds of Buddy 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 |
|---|---|---|---|---|---|
| Feb 2024 | $7.2M | Series A | – | Sequoia Capital, Plug and Play Tech Center | – |
| Nov 2019 | – | Series A | – | Center for Innovative Technology | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sequoia Capital is engaged in venture capital investments. | 1972 | sequoiacap.com | - | |
Startups are accelerated and invested in across multiple tech sectors. | 2006 | plugandplaytechcenter.com | Sunnyvale, United States | |
- | – | atypical.ventures | - | |
Early-stage VC firm funding companies in the US | – | cit.org | Herndon, United States |
Investor details for Buddy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of Buddy
10 people are tracked at Buddy (3 in leadership, 7 in team).
| Name | Role | Group |
|---|---|---|
David Vogeleer | Co-Founder | Leadership |
Jay Paul | Co-Founder | Leadership |
Charles Merritt | CEO & Co-Founder | Leadership |
Aaron Ware | Fullstack Developer | Team |
Cezar Carvalhaes | Senior Developer Team Lead | Team |
Kevin Power | Integration Engineer | Team |
Meaghan N. | Full Stack Developer | Team |
Alexander Stein | Technical Operations Lead | Team |
Sonia O'Malley | Operations Specialist | Team |
Christy Sheppard | Junior Developer | Team |
Complete people profiles for Buddy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
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Verified entity values are shown only after access is granted.
Timeline of Buddy
3 dated milestones of Buddy across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Buddy is founded.
- Funding First funding round.
- Funding Latest funding round, Series A, of $7.2M.
Competitors of Buddy
Buddy has 9 listed competitors in our database, 7 of them funded. They include Riskcovry, Socotra, FintechOS, ReSource Pro and eBaoTech, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| riskcovry.com | 2018 | Mumbai, India | $14.41M | 126 | A platform for digital insurance distribution and management is provided. | |
| socotra.com | 2014 | San Francisco, United States | $85.09M | 37 | Cloud-based solutions for insurance policy management and underwriting are offered. | |
| fintechos.com | 2017 | London, United Kingdom | $145.99M | 49 | AI-based software suite is provided for banking and insurance sectors. | |
| resourcepro.com | 2003 | New York, United States | $87.37M | 3,180 | Insurance policy and claim management solutions for the insurance industry | |
| ebaotech.com | 2000 | Singapore | $36M | – | Cloud-based insurance software suites are developed for insurers and partners. | |
| tinubu.com | 2000 | Moulineaux, France | $147.49M | – | Cloud-based software solutions for credit insurers, surety bonds & trade finance | |
| xceedance.com | 2013 | Bermuda | – | 3,206 | Provides operations, technology, and data services to insurers worldwide. | |
| keylane.com | 1986 | Utrecht, Netherlands | – | – | Cloud-based life and non-life insurance platform for the insurance and pension industry | |
| novidea.com | 2009 | Milwaukee, United States | $110M | – | Agency management platform for insurance brokers and agents is offered. |
Detailed competitors of Buddy
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Buddy
The website of Buddy (buddy.insure) receives about 1.5K visits a month.
- Monthly visits1.5K
▼ 4.9% vs previous month
Top companies in Insurance Technology & Support Services
10 companies that operate in the same segment as Buddy (Insurance Technology & Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | – | USD 1.48 B | 226 | |
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | – | – | |
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | – | 699 | |
Satellite-based imaging solutions are provided using synthetic aperture radar. | 2016 | Palo Alto, California, United States | USD 233.99 M | – | 191 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M | – | – | |
AI and microsatellite-based imaging solutions are developed for data monitoring. | 2014 | Espoo, Uusimaa, Finland | USD 1.25 B | USD 111.51 M | 1,156 | |
Software suite for insurance distribution and management is provided. | 2014 | New York, New York, United States | USD 354.55 M | USD 21.6 K | 649 | |
AI-enabled driver monitoring and fleet safety management solutions | 2015 | Palo Alto, California, United States | USD 215 M | – | 109 |
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Related news about Buddy
Complete news archive for Buddy
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Frequently Asked Questions about Buddy
Buddy was founded in 2011 and raised its 1st funding round 8 years after it was founded.
Buddy is headquartered in Richmond, United States. It is registered at Richmond, Virginia, United States.
Buddy is a funded company, having raised a total of $7.2M across 2 funding rounds to date.
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.
Buddy offers Buddy Insurance Platform.
Buddy has 4 investors. Key investors include Plug and Play Tech Center, Sequoia Capital, Atypical Ventures, and Center for Innovative Technology.
Buddy operates through Buddy Technology, Inc..