About ClearRisk
ClearRisk is a company founded in 2006.. ClearRisk has raised $1.7 million across 2 funding rounds from investors including BDC, GrowthWorks Capital and First Angel Network. ClearRisk offers products and services including Claims Management, Incident Management, and Asset Management. ClearRisk operates in a competitive market with competitors including Sedgwick, Kyriba, CyberGRX, Riskonnect and ObserveIT, among others.
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Sectors
Financial ServicesTechnology
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Phone
*********
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Website
*********
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Social
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- Legal Name Clearrisk 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
$1.7 M (USD)
in 2 rounds
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Latest Funding Round
$500 K (USD), Seed
May 23, 2013
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Investors
BDC
& 2 more
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Employee Count
Employee Count
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Products & Services of ClearRisk
ClearRisk offers a comprehensive portfolio of products and services, including Claims Management, Incident Management, and Asset Management. 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.
Software for handling insurance claims and reducing manual processes.
Tool for tracking and resolving incidents to minimize organizational risks.
System for monitoring assets and managing associated risks effectively.
Funding Insights of ClearRisk
ClearRisk has successfully raised a total of $1.7M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $500 thousand completed in May 2013. 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 Seed — $500,000
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First Round
First Round
(18 Jan 2011)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2013 | Amount | Seed - ClearRisk | Valuation |
investors |
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| Jan, 2011 | Amount | Seed - ClearRisk | 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 ClearRisk
ClearRisk has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include BDC, GrowthWorks Capital and First Angel Network. 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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Stage-agnostic sector-agnostic VC firm investing in Canada and the US
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Founded Year | Domain | Location | |
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A network is established to connect investors with entrepreneurs.
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Founded Year | Domain | Location | |
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Commercial banking services for small and medium-sized enterprises are provided.
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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 ClearRisk
| 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 - ClearRisk
| 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 |
Clearrisk Comparisons
Competitors of ClearRisk
ClearRisk 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 Sedgwick, Kyriba, CyberGRX, Riskonnect and ObserveIT, 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 |
Claims administration, loss adjusting, and benefits management services are provided.
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| domain | founded_year | HQ Location |
Cloud-based treasury automation and risk management solutions are provided.
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| domain | founded_year | HQ Location |
Cloud-based risk assessment and management solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Cloud-based risk management solutions are offered for the insurance sector.
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| domain | founded_year | HQ Location |
Insider threats are detected and managed via user behavior analytics.
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| domain | founded_year | HQ Location |
Risk management solutions for financial institutions are offered.
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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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Frequently Asked Questions about ClearRisk
When was ClearRisk founded?
ClearRisk was founded in 2006 and raised its 1st funding round 5 years after it was founded.
Is ClearRisk a funded company?
ClearRisk is a funded company, having raised a total of $1.7M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.2M, raised on Jan 18, 2011.
What does ClearRisk do?
ClearRisk provides cloud and mobile software solutions to the insurance industry in North America. The company offers ClearRisk Manager, an online risk management application platform to build risk management plans and tools to implement them; ClearRisk Tracker, a claims and risk system software for municipalities and the mid-market that allows users to manage insurance claims, exposures, incidents, and policies; and ClearRisk Underwriter, a Web-based application for insurance brokers and underwriters, automate and collaborates on program and group business. It serves insurance brokers, underwriters, risk managers, and other insurance professionals. ClearRisk. was formerly known as Livyer Enterprises Ltd. and it was rebranded in August 2008.
Who are the top competitors of ClearRisk?
What products or services does ClearRisk offer?
ClearRisk offers Claims Management, Incident Management, and Asset Management.
Who are ClearRisk's investors?
ClearRisk has 3 investors. Key investors include BDC, GrowthWorks Capital, and First Angel Network.