About Convr
Convr is a company based in Schaumburg (United States) founded in 2016. Convr has raised $17.7 million across 2 funding rounds from investors including Palm Drive Capital, Altos Ventures Management and NFP Venture. Convr offers products and services including Intake AI, Risk 360 AI, and Answers AI. Convr operates in a competitive market with competitors including Sedgwick, Encompass, Moody's Analytics, Munich Re and Riskonnect, among others.
- Total Equity Funding$17.7M (USD)
in 2 rounds
- Latest Funding Round$15.2M (USD), Series B
Nov 2019
- InvestorsPalm Drive Capital
& 7 more
Products & Services of Convr
Convr offers a comprehensive portfolio of products and services, including Intake AI, Risk 360 AI, and Answers AI.
AI tool for efficient insurance submission processing and classification.
Platform for comprehensive risk assessment and scoring in insurance.
AI for identifying key submission questions and expertise.
Apps and channels of Convr
its YouTube channel Convr has 35 subscribers and 15 videos.
Videos from Convr
The most watched videos on Convr's YouTube channel, Convr (35 subscribers). Click a video to play it here.
More on Convr.
Funding Insights of Convr
Convr has successfully raised a total of $17.7M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $15.2 million completed in November 2019. 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 $17.7M
- Total Rounds 2
- Last Round Series B — $15.2M
- First Round $2.5M
(Sep 2017)
- Investors Count 8
All 2 funding rounds of Convr 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 |
|---|---|---|---|---|---|
| Nov 2019 | $15.2M | Series B | – | Palm Drive Capital | |
| Sep 2017 | $2.5M | Series A | – | Seyen Capital, MK Capital |
8 investors in total: 8 institutional.
Investors in Convr
Convr has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include Palm Drive Capital, Altos Ventures Management and NFP Venture.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investment firm | – | palmdrive.vc | New York, United States | |
Early-stage companies are funded by this venture capital firm. | – | altos.vc | Menlo Park, United States | |
Venture capital firm focused on fintech & insurtech sectors | – | nfpvf.com | Manhattan, United States | |
Venture capital funding is offered to B2B software companies. | – | stage2.capital | - | |
Private capital is offered by MPK Equity Partners for businesses. | – | mpkequitypartners.com | Dallas, United States | |
Venture capital investments in software and technology companies with a focus on early and growth stages. | – | mkcapital.com | - | |
Investments are directed toward information technology and software firms. | – | seyencapital.com | Chicago, United States | |
Early-stage venture capital investments are made in Midwest startups. | 2015 | m25vc.com | Chicago, United States |
Investor details for Convr
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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Verified entity values are shown only after access is granted.
People of Convr
25 people are tracked at Convr (12 in leadership, 4 in board & advisors, 9 in team).
| Name | Role | Group |
|---|---|---|
Bruce Simpson | CEO | Leadership |
Kelly Doyle | Senior Director Of People & Culture | Leadership |
Harish Neelamana | Co-Founder & President | Leadership |
John Stammen | CEO | Leadership |
Eli Orlofsky | Director of Finance | Leadership |
Greg Kranz | Chief Business Development Officer | Leadership |
George Spencer | Director | Leadership |
Sameen Malik | Director - Customer Success | Leadership |
Viviane Serour | Associate Director Of Marketing | Leadership |
Fanette Singer | Chief Marketing Officer | Leadership |
Rafael Tena | Director of Engineering | Leadership |
Jayaram Ac Nambiar | VP, Alliances & Operations | Leadership |
Emilio Figueroa | Advisory Board | Board & advisors |
John Cavoores | Advisor | Board & advisors |
Mark Boxer | Advisor | Board & advisors |
Mike Winner | Advisor | Board & advisors |
Indhumathi G. | DevOps Engineer | Team |
Uma Bhattacharyya | Software Engineer | Team |
Candace Ehardt | Senior Intake Analyst | Team |
Ananth Nath | Data Scientist | Team |
5 more people are available in the full profile.
Complete people profiles for Convr
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Convr
3 dated milestones of Convr across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Convr is founded.
- Funding First funding round of $2.5M.
- Funding Latest funding round, Series B, of $15.2M.
Competitors of Convr
Convr 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, Encompass, Moody's Analytics, Munich Re and Riskonnect, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sedgwick.com | 1969 | Memphis, United States | $2.63M | 25,842 | Claims administration, loss adjusting, and benefits management services are provided. | |
| encompasscorporation.com | 2011 | Glasgow, United Kingdom | $197.68M | 206 | Corporate Digital Identity and KYC solutions are provided by Encompass. | |
| moodysanalytics.com | 2008 | New York, United States | – | 854 | Risk management software is supplied for insurance and various sectors. | |
| munichre.com | 1880 | Munich, Germany | – | 4,339 | Platform offering insurance risk management solutions | |
| riskonnect.com | 2007 | Kennesaw, United States | $10M | 390 | Cloud-based risk management solutions are offered for the insurance sector. | |
| imanage.com | 1995 | Chicago, United States | – | 485 | Cloud-based document and risk management software is offered for enterprises. | |
| shift-technology.com | 2014 | Paris, France | $319.74M | – | Provider of AI solutions for insurance underwriting, claims, and risk | |
| planckdata.com | 2016 | New York, United States | $72.6M | – | Provider of GenAI-powered risk insights and underwriting solutions for commercial insurance | |
| indicodata.ai | 2014 | Boston, United States | $73.22M | 72 | Data processing tasks are automated via AI-driven management solutions. |
Detailed competitors of Convr
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 Convr
The website of Convr (convr.com) receives about 3.8K visits a month.
- Monthly visits3.8K
▼ 17.5% vs previous month
Latest news on Convr
Complete news archive for Convr
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Convr
10 companies that operate in the same segment as Convr (Regulatory & Compliance Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based anti-money laundering solutions are provided for compliance. | 2014 | London, England, United Kingdom | USD 167.21 M | USD 45.67 M | 443 | |
CLEAR is focused on secure identity verification for seamless experiences. | 2010 | New York, New York, United States | USD 135 M | USD 900.78 M | 4,019 | |
Automated and expert-led identity verification services are provided. | 2010 | Munchen, Bayern, Germany | USD 40 M | – | 29 | |
AI-based fraud prevention for e-commerce payments is provided. | 2013 | New York, New York, United States | USD 232.02 M | USD 346.08 M | 693 | |
AI-powered data and decision intelligence solutions are provided for businesses. | 2016 | London, England, United Kingdom | USD 546.08 M | – | – | |
Facial recognition and AI video analysis solutions are provided. | 2011 | Beijing, China | USD 1.98 B | – | – | |
Compliance management solutions for financial institutions | 2014 | New York, New York, United States | USD 461 M | – | – | |
Identity verification, background screening, and fraud prevention solutions are provided. | 2011 | Mumbai, Maharashtra, India | USD 103.31 M | – | – | |
Software solutions for identity management are provided via APIs. | 2006 | Trondheim, Trøndelag, Norway | USD 2.09 M | USD 72.04 M | 150 | |
AI-driven image recognition for emotion and activity analysis is provided. | – | Boston, Massachusetts, United States | USD 59.7 M | – | 40 |
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Frequently Asked Questions about Convr
Convr was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Convr is headquartered in Schaumburg, United States. It is registered at Schaumburg, Illinois, United States.
Bruce Simpson is the current CEO of Convr.
Convr is a funded company, having raised a total of $17.7M across 2 funding rounds to date. The company's 1st funding round was a Series A of $2.5M, raised on Sep 2017.
Founded in 2016 and based in Schaumburg, United States, Convr operates in the insurance technology sector. An AI-driven underwriting platform is offered to commercial property and casualty insurers, where data analysis supports decision-making across workflows. Access is enabled through API integrations, a white-labeled portal, or email interfaces, facilitating streamlined operations for underwriters.
Convr's top competitors include Sedgwick, Encompass and Shift Technology.
Convr offers Intake AI, Risk 360 AI, and Answers AI.
Convr has 8 investors. Key investors include Palm Drive Capital, Altos Ventures Management, NFP Venture, Stage 2 Capital, and MPK Equity Partners.
Convr operates through Convr Inc..