About Dayforward
Dayforward is a company based in New York (United States) founded in 2020 by Mallika Khandelwal. It operates as a InsurTech. Dayforward has raised $45 million across 2 funding rounds from investors including Munich Re, AXA Venture Partners and Juxtapose. Dayforward has completed 2 acquisitions, including Commercial Travelers Mutual Insurance and studentplanscenter.com. Dayforward offers products and services including Life Insurance. Dayforward operates in a competitive market with competitors including Ethos, Bestow, Ladder, Fabric and Avibra, among others.
- Headquarter New York, United States
- Founders Mallika Khandelwal
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Dayforward 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
$45 M (USD)
in 2 rounds
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Latest Funding Round
$25 M (USD), Series B
Jan 23, 2023
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Investors
Munich Re
& 4 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Dayforward
Dayforward offers a comprehensive portfolio of products and services, including Life Insurance. 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.
Life insurance is offered to guarantee income protection.
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Funding Insights of Dayforward
Dayforward has successfully raised a total of $45M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in January 2023. 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 Series B — $25.0M
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First Round
First Round
(02 Dec 2020)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series B - Dayforward | Valuation | AXA Venture Partners | |
| Dec, 2020 | Amount | Series A - Dayforward | Valuation | Juxtapose , TVP |
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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 Dayforward
Dayforward has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Munich Re, AXA Venture Partners and Juxtapose. 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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Technology businesses are invested in and developed by Juxtapose.
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Founded Year | Domain | Location | |
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Seed and early-stage investments are focused on French tech firms.
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Founded Year | Domain | Location | |
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Early-stage tech startups in regulated markets are funded by TVP.
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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 Dayforward
Dayforward has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Commercial Travelers Mutual Insurance and studentplanscenter.com. 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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Student accident insurance solutions are provided online.
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2001 | ||||
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Healthcare and insurance services are provided to policyholders.
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1997 |
| 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 - Dayforward
| 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 |
Dayforward Comparisons
Competitors of Dayforward
Dayforward 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 Ethos, Bestow, Ladder, Fabric and Avibra, 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 |
Online life insurance platform is operated for individual coverage needs.
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| domain | founded_year | HQ Location |
Online life insurance coverage is delivered via a digital platform.
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| domain | founded_year | HQ Location |
Personalized fitness training plans are provided via an online platform.
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| domain | founded_year | HQ Location |
AI-based robots are provided for logistics micro-fulfillment operations.
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| domain | founded_year | HQ Location |
App-based life insurance platform for consumers
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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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Latest news on Dayforward
Frequently Asked Questions about Dayforward
When was Dayforward founded?
Dayforward was founded in 2020.
Where is Dayforward located?
Dayforward is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Dayforward a funded company?
Dayforward is a funded company, having raised a total of $45M across 2 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on Dec 02, 2020.
What does Dayforward do?
Life insurance solutions are offered by Dayforward to ensure income protection for customers. The focus is placed on financial security within the insurance sector. Services are designed to support families and individuals with tailored policies.
Who are the top competitors of Dayforward?
What products or services does Dayforward offer?
Dayforward offers Life Insurance.
How many acquisitions has Dayforward made?
Dayforward has made 2 acquisitions, including Commercial Travelers Mutual Insurance, and studentplanscenter.com.
Who are Dayforward's investors?
Dayforward has 5 investors. Key investors include Munich Re, AXA Venture Partners, Juxtapose, Hudson Structured Capital Management, and TVP.
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