Cuvva

London, United Kingdom Founded: 2014 • Age: 12 yrs Minicorn
Online usage-based car insurance solutions

About Cuvva

Cuvva is a Transportation, Automotive & Logistics company based in London (United Kingdom) founded in 2014 by Freddy Macnamara. Online usage-based car insurance solutions. It operates in the Transportation, Automotive & Logistics and Financial Services sectors. Cuvva has raised $27.19 million across 6 funding rounds from investors including Seedcamp, Techstars and RTP Global. The company has 198 employees. Cuvva was last valued at $121.36 million in June 2022. Its chief executive, as recorded, is Freddy Macnamara. Its website cuvva.com draws about 162 thousand monthly visits. Its focus areas include FinTech, Internet First Insurance Platforms, Internet First Insurers and P&C. Its legal entity is CUVVA LIMITED. Its competitors include Zego, Marshmallow and By Miles; 3 of its 3 listed competitors have raised funding.

Company details

Cuvva was founded in 2014 in London, United Kingdom, within the insurance sector. Usage-based car insurance solutions are offered online through a mobile application. Temporary policies, ranging from hourly to weekly durations, are available for cars, vans, motorhomes, learner drivers, and international users. Coverage is facilitated for scenarios such as vehicle borrowing, test drives, practice sessions, and brief ownership periods. Operations focus on flexible, on-demand insurance access.

  • Headquarters London, United Kingdom
  • Employees 198
  • Founders Freddy Macnamara
  • Stage Minicorn
  • Sectors
    Transportation, Automotive & Logistics
    Financial Services
  • Website category Finance · Insurance
  • Email
    β€’β€’β€’β€’β€’β€’β€’β€’
  • Website cuvva.com
  • Social LinkedIn X Facebook Instagram
  • Legal Name Cuvva Limited
  • Date of Incorporation 24 Feb, 2014
  • Jurisdiction LONDON, UNITED KINGDOM
Key Metrics
  • Annual Revenue
    $34.98 M (USD)
    47
    as on Dec 31, 2024
  • Net Profit
    $14.68 M (USD)
    347
    as on Dec 31, 2024
  • EBITDA
    $10.97 M (USD)
    234
    as on Dec 31, 2024
  • Total Equity Funding
    $27.19M (USD)

    in 6 rounds

  • Investors
    Seedcamp

    & 6 more

  • Employee Count
    198

Funding Insights of Cuvva

Cuvva has successfully raised a total of $27.19M across 6 strategic funding rounds. 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 $27.19M
  • Total Rounds 6
  • First Round $590,000

    (Jan 2016)

  • Investors Count 7

All 6 funding rounds of Cuvva with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Dec 2022Series A––
–
Jun 2022$5.34MSeries A$121.36M–
–
Dec 2019$19.39MSeries A–Breega, LocalGlobe
–
Jan 2017$1.87MSeed–LocalGlobe
–
Jan 2016Seed–Techstars
–
Jan 2016$590,000Seed––
–
Valuation history
DateValuationStage
Jun 2022$121.36Mβ€’β€’β€’β€’β€’β€’β€’β€’

Last known valuation $121.36M (Jun 2022). 7 investors in total: 7 institutional.

Investors in Cuvva

Cuvva has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include Seedcamp, Techstars and RTP Global.

All
Venture Fund
InvestorDescriptionFounded YearDomainLocation
Venture capital firm focused on pre-seed to early-stage investments
breega.comParis, France
Venture capital firm focused on seed-stage investments
localglobe.vcLondon, United Kingdom
Startups are accelerated globally without sector restrictions through structured programs.
2006techstars.comNew York, United States
Venture capital fund investing in tech startups
2007seedcamp.comLondon, United Kingdom
VC firm investing in seed and early stage companies in the US, UK, Israel, and parts of Asia
tektonventures.comSan Francisco, United States
Venture capital firm focused on early-stage technology companies
2011rtp.vcNew York, United States
Venture capital firm focused on fintech, edtech, and SaaS sectors
digitalhorizon.comLondon, United Kingdom
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Investor details for Cuvva

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People of Cuvva

61 people are tracked at Cuvva (20 in leadership, 41 in team); the tracked headcount is 198.

NameRoleGroup
Freddy Macnamara
Co-Founder & CEOLeadership
Svetlana Novikova
Chief Commercial OfficerLeadership
James Britton
Head Of EngineeringLeadership
Ilya Ageev
Chief Technology OfficerLeadership
Chris Gaunt
Chief of StaffLeadership
James Richardson
Head, Legal, Risk & ComplianceLeadership
Darryl Bowman
CMOLeadership
Matthew Robinson
Operations DirectorLeadership
Daniel Whitehead
Performance Marketing DirectorLeadership
Kim Camilleri
Head of CommunicationsLeadership
James R.
Head Of Legal, Risk & ComplianceLeadership
Joe Wapshott
Head Of ProductLeadership
Omaid Qaiser
Pricing And Data DirectorLeadership
Richard Clark
Head of Design & ResearchLeadership
Dan Whitehead
Performance Marketing DirectorLeadership
Alex Gordon Perkins
Head, PeopleLeadership
Warren Carver
Principal People PartnerLeadership
Laila Jaleel
Senior People Operations PartnerLeadership
Samantha Myles
Head, CRMLeadership
Kim CK
Head, Communications & BrandLeadership

41 more people are available in the full profile.

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Complete people profiles for Cuvva

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Timeline of Cuvva

4 dated milestones of Cuvva across 8 years, from founding to its latest funding, stage changes and deals.

  1. Founded Cuvva is founded.
  2. Funding First funding round of $590K.
  3. Milestone Reaches Minicorn status.
  4. Funding Latest funding round, Series A,.

Competitors of Cuvva

Cuvva has 3 listed competitors in our database, 3 of them funded. They include Zego, Marshmallow and By Miles.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
zego.com2016London, United Kingdom$309.7M
Motor insurance is provided for personal and work driving.
marshmallow.com2017London, United Kingdom$161.3M310
Auto insurance is delivered via app to individual drivers.
bymiles.co.uk2016London, United Kingdom$26.96M33
Pay-per-mile auto insurance is offered through a mobile app.
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Detailed competitors of Cuvva

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Web traffic of Cuvva

The website of Cuvva (cuvva.com) receives about 162.3K visits a month and ranks #228,685 among all websites worldwide, #1,279 in Insurance.

  • Monthly visits
    162.3K

    ▼ 2.1% vs previous month

  • Unique visitors
    97.1K

    per month

  • Global rank
    #228,685

    among all websites

  • Category rank
    #1,279

    Finance · Insurance

Similar websites

Websites whose visitors overlap most with Cuvva. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
tempcover.com
100%
406.3K#98,761View details
veygo.com
veygo.com
92%
#61,994–
goshorty.co.uk
goshorty.co.uk
89%
#87,354–
dayinsure.com
85%
347.3K#116,437View details
comparethemarket.com
75%
#3,408View details
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’β€’.comβ€’β€’%β€’.β€’M#‒‒‒‒‒–
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All 40 similar websites and full traffic analytics for Cuvva

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Top companies in Automotive Retail & Aftersales

2 companies that operate in the same segment as Cuvva (Automotive Retail & Aftersales) in United Kingdom, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Auto insurance is delivered via app to individual drivers.
2017London, England, United KingdomUSD 161.3 MUSD 369.88 M625
Vehicle parts and accessories are sold via an online platform.
1897Walsall, West Midlands, United KingdomUSD 20.37 M
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Related news about Cuvva

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Frequently Asked Questions about Cuvva

Cuvva was founded in 2014 and raised its 1st funding round 2 years after it was founded.

Cuvva is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.

Freddy Macnamara is the CEO of Cuvva, as recorded in our data. They have also founded this company.

Cuvva is a funded company, having raised a total of $27.19M across 6 funding rounds to date. The company's 1st funding round was a Seed of $590K, raised on Jan 2016.

Cuvva has 198 employees.

Annual revenue of Cuvva is $34.98M as on Dec 31, 2024.

Cuvva was founded in 2014 in London, United Kingdom, within the insurance sector. Usage-based car insurance solutions are offered online through a mobile application. Temporary policies, ranging from hourly to weekly durations, are available for cars, vans, motorhomes, learner drivers, and international users. Coverage is facilitated for scenarios such as vehicle borrowing, test drives, practice sessions, and brief ownership periods. Operations focus on flexible, on-demand insurance access.

Cuvva's top competitors include Marshmallow, Zego and By Miles.

Cuvva has 7 investors. Key investors include Seedcamp, Techstars, RTP Global, Breega, and LocalGlobe.

The valuation of Cuvva is $121.36M as of Jun 2022.

Cuvva operates through Cuvva Limited.

The website of Cuvva receives about 162 thousand visits a month and ranks #228,685 among all websites worldwide.

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