About Concirrus
Concirrus is a company based in London (United Kingdom) founded in 2011 by Andrew Yeoman.. Concirrus has raised $43.64 million across 7 funding rounds from investors including European Union, Imperial Innovations and Touchstone Innovations. The company has 22 employees as of October 31, 2024. Concirrus has completed 1 acquisition, including Spark Insights. Concirrus offers products and services including Underwriting Workbench. Concirrus operates in a competitive market with competitors including Guidewire, Bold Penguin, BetterView, OneShield and Duck Creek, among others.
- Headquarter London, United Kingdom
- Employees 22 as on 31 Oct, 2024
- Founders Andrew Yeoman
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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 Concirrus Ltd
- Date of Incorporation 30 Sep, 2011
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$4.48 M (USD)-1as on Dec 31, 2021
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Net Profit
$-11.86 M (USD)-20as on Dec 31, 2021
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EBITDA
$-12.75 M (USD)-16as on Dec 31, 2021
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Total Equity Funding
$43.64 M (USD)
in 7 rounds
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Latest Funding Round
$6 M (USD), Series B
Jul 07, 2020
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Investors
European Union
& 6 more
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Employee Count
22
as on Oct 31, 2024
- Investments & Acquisitions
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Products & Services of Concirrus
Concirrus offers a comprehensive portfolio of products and services, including Underwriting Workbench. 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.
Tool for real-time insurance risk insights and data analysis
Funding Insights of Concirrus
Concirrus has successfully raised a total of $43.64M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $6 million completed in July 2020. 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 7
- Last Round Series B — $6.0M
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First Round
First Round
(14 Jul 2015)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Series B - Concirrus | Valuation | CommerzVentures |
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| Feb, 2020 | Amount | Series B - Concirrus | Valuation | AlbionVC | |
| Jul, 2018 | Amount | Series A - Concirrus | Valuation | IQ Capital , Eos Venture Partners |
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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 Concirrus
Concirrus has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, Imperial Innovations and Touchstone Innovations. 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 firm focused on investing in tech startups
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Founded Year | Domain | Location | |
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Deep tech venture capital firm investing in European and global startups.
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Founded Year | Domain | Location | |
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Eos Venture Partners is focused on insurance technology investments.
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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 Concirrus
Concirrus has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Spark Insights. 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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AI-based solutions for insurers
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2018 |
| 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 - Concirrus
| 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 |
Concirrus Comparisons
Competitors of Concirrus
Concirrus 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 Guidewire, Bold Penguin, BetterView, OneShield and Duck Creek, 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 |
Cloud-based platform for property and casualty insurance is provided.
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| domain | founded_year | HQ Location |
Software suite is offered for commercial insurance quoting and binding.
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| domain | founded_year | HQ Location |
Insurance policy management and risk management solutions for the P&C insurance industry
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| domain | founded_year | HQ Location |
Cloud-based insurance policy and claims management solutions for the p&c insurance industry
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| domain | founded_year | HQ Location |
Cloud-based solutions for property, casualty, and general insurance are provided.
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| domain | founded_year | HQ Location |
Insurity is recognized for providing cloud-native insurance software solutions.
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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 Concirrus
Frequently Asked Questions about Concirrus
When was Concirrus founded?
Concirrus was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is Concirrus located?
Concirrus is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Concirrus?
Andrew Yeoman is the current CEO of Concirrus. They have also founded this company.
Is Concirrus a funded company?
Concirrus is a funded company, having raised a total of $43.64M across 7 funding rounds to date. The company's 1st funding round was a Series A of $7.15M, raised on Jul 14, 2015.
How many employees does Concirrus have?
As of Oct 31, 2024, the latest employee count at Concirrus is 22.
What is the annual revenue of Concirrus?
Annual revenue of Concirrus is $4.48M as on Dec 31, 2021.
What does Concirrus do?
Concirrus was founded in 2011 and is headquartered in London, United Kingdom. A data and analytics platform is offered for the commercial insurance sector. Real-time data processing and analytics tools are utilized to support market operations. Insurance processes are streamlined through these digital solutions, focusing on commercial applications across various geographies.
Who are the top competitors of Concirrus?
Concirrus's top competitors include Guidewire, Bold Penguin and OneShield.
What products or services does Concirrus offer?
Concirrus offers Underwriting Workbench.
How many acquisitions has Concirrus made?
Concirrus has made 1 acquisition, including Spark Insights.
Who are Concirrus's investors?
Concirrus has 7 investors. Key investors include European Union, Imperial Innovations, Touchstone Innovations, AlbionVC, and IQ Capital.
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