About Corvus Insurance
Corvus Insurance is a company based in Boston (United States) founded in 2017 was acquired by Travelers in November 2023.. Corvus Insurance has raised $162 million across 4 funding rounds from investors including Travelers, Aquiline Capital Partners and Hudson Structured Capital Management. The company has 21 employees as of December 31, 2018. Corvus Insurance has completed 2 acquisitions, including Tarian Underwriting and Wingman Insurance. Corvus Insurance offers products and services including Smart Cyber Insurance, Cyber Risk Services, and Incident Response. Corvus Insurance operates in a competitive market with competitors including Sayata, Telivy, Limit, Coinnect and Mindaro, among others.
- Headquarter Boston, United States
- Employees 21 as on 31 Dec, 2018
- Stage Minicorn
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Corvus Insurance Holdings, Llc
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Annual Revenue
$1.25 K (USD)-67as on Dec 31, 2019
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Net Profit
$-52.69 (USD)0as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$162 M (USD)
in 4 rounds
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Latest Funding Round
$115 M (USD), Series C
Mar 05, 2021
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Investors
Travelers
& 10 more
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Employee Count
21
as on Dec 31, 2018
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Investments & Acquisitions
Tarian Underwriting
& 1 more
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Acquired by
Travelers
(Nov 03, 2023)
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Products & Services of Corvus Insurance
Corvus Insurance offers a comprehensive portfolio of products and services, including Smart Cyber Insurance, Cyber Risk Services, and Incident Response. 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.
Provides tailored cyber coverage and risk assessment for businesses
Offers on-demand advice and monitoring for cyber threats
Delivers 24/7 expert help for cyber incidents and claims
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Funding Insights of Corvus Insurance
Corvus Insurance has successfully raised a total of $162M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $115 million completed in March 2021. 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 4
- Last Round Series C — $115.0M
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First Round
First Round
(26 Feb 2018)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Series C - Corvus Insurance | Valuation | Insight Partners , FinTLV | |
| Dec, 2019 | Amount | Series B - Corvus Insurance | Valuation | Telstra Ventures | |
| Nov, 2018 | Amount | Series A - Corvus Insurance | Valuation | .406 Ventures , Hudson Structured Capital Management |
| 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 Corvus Insurance
Corvus Insurance has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Travelers, Aquiline Capital Partners and Hudson Structured Capital Management. 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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Investment firm scaling software and technology companies from early to late stages.
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Founded Year | Domain | Location | |
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Venture capital firm investing in fintech sectors
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Founded Year | Domain | Location | |
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Private equity and debt investments are directed toward financial sectors.
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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
|
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 Corvus Insurance
Corvus Insurance has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Tarian Underwriting and Wingman Insurance. 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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Businesses are protected from cyber attacks and data loss.
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2016 | ||||
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Technological solutions for insurance agency management are offered.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Corvus Insurance
| 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 |
Corvus Insurance Comparisons
Competitors of Corvus Insurance
Corvus Insurance 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 Sayata, Telivy, Limit, Coinnect and Mindaro, 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 |
Insurance quoting solutions are provided for the insurance industry.
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| domain | founded_year | HQ Location |
Quoting and workflow management software for insurers is developed.
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| domain | founded_year | HQ Location |
Commercial insurance products are offered through an online marketplace.
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| domain | founded_year | HQ Location |
Provider of solutions to assess, mitigate, and manage cyber security risks for insurance industry
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| domain | founded_year | HQ Location |
Quoting solutions for cyber insurance are provided to intermediaries.
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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 Corvus Insurance
Frequently Asked Questions about Corvus Insurance
When was Corvus Insurance founded?
Corvus Insurance was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Corvus Insurance located?
Corvus Insurance is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Corvus Insurance a funded company?
Corvus Insurance is a funded company, having raised a total of $162M across 4 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Feb 26, 2018.
How many employees does Corvus Insurance have?
As of Dec 31, 2018, the latest employee count at Corvus Insurance is 21.
What is the annual revenue of Corvus Insurance?
Annual revenue of Corvus Insurance is $1.25K as on Dec 31, 2019.
What does Corvus Insurance do?
Corvus Insurance was founded in 2017 in Boston, United States. Operations focus on the commercial insurance sector through AI-driven software for policy development. First-party and third-party coverage is provided for technology services, technology products, and professional services. Proprietary risk models, derived from IoT sensor data points, are applied to guide underwriting, coverage decisions, and pricing, while measures are taken to reduce or prevent cargo damage.
Who are the top competitors of Corvus Insurance?
What products or services does Corvus Insurance offer?
Corvus Insurance offers Smart Cyber Insurance, Cyber Risk Services, and Incident Response.
How many acquisitions has Corvus Insurance made?
Corvus Insurance has made 2 acquisitions, including Tarian Underwriting, and Wingman Insurance.
Who are Corvus Insurance's investors?
Corvus Insurance has 11 investors. Key investors include Travelers, Aquiline Capital Partners, Hudson Structured Capital Management, Insight Partners, and Gulf Vision Capital Holdings.
What is Corvus Insurance's valuation?
The valuation of Corvus Insurance is $750M as of Mar 2021.