About Elite Insurance
Elite Insurance is a company based in Grantham (United Kingdom) founded in 2005 was acquired by Armour Group in February 2018.. Elite Insurance has raised $9.8 million across 1 funding round from investors including Maven Capital Partners and Armour Group. Elite Insurance offers products and services including Insurance Services and Administration Services.
- Headquarter Grantham, United Kingdom
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Elite Insurance Company Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.8 M (USD)
in 1 rounds
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Latest Funding Round
$9.8 M (USD), Series A
Oct 01, 2005
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Investors
Maven Capital Partners
& 1 more
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Employee Count
Employee Count
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Acquired by
Armour Group
(Feb 01, 2018)
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Products & Services of Elite Insurance
Elite Insurance offers a comprehensive portfolio of products and services, including Insurance Services and Administration Services. 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.
Insurance policies are provided by the company, which is authorized and regulated by the Gibraltar Financial Services Commission
Affairs and property of the company are managed by appointed administrators during the administration process
Funding Insights of Elite Insurance
Elite Insurance has successfully raised a total of $9.8M through 1 strategic funding round. The most recent funding activity was a Series A round of $9.8 million completed in October 2005. 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 1
- Last Round Series A — $9.8M
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First Round
First Round
(01 Oct 2005)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2005 | Amount | Series A - Elite Insurance | Valuation | Maven Capital 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 Elite Insurance
Elite Insurance has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Maven Capital Partners and Armour Group. 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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Multiple sectors are targeted for private equity investments.
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Founded Year | Domain | Location | |
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Insurance risk management services are provided globally by Armour Group.
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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 Elite Insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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 |
Financial Statements - Elite 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 |
Elite Insurance Comparisons
Competitors of Elite Insurance
| 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.
|
Frequently Asked Questions about Elite Insurance
When was Elite Insurance founded?
Elite Insurance was founded in 2005.
Where is Elite Insurance located?
Elite Insurance is headquartered in Grantham, United Kingdom. It is registered at Grantham, England, United Kingdom.
Who is the current CEO of Elite Insurance?
Jason Smart is the current CEO of Elite Insurance.
Is Elite Insurance a funded company?
Elite Insurance is a funded company, having raised a total of $9.8M across 1 funding round to date. The company's 1st funding round was a Series A of $9.8M, raised on Oct 01, 2005.
What does Elite Insurance do?
Elite Insurance was founded in 2005 and is headquartered in Grantham, United Kingdom. Operations focus on the insurance sector, where various policies and coverage options are offered to clients. Services include risk assessment, claims processing, and policy management, primarily serving the UK market. Leadership is provided by CEO Jason Smart, with activities centered on regulatory compliance and client support in the financial services domain.
What products or services does Elite Insurance offer?
Elite Insurance offers Insurance Services and Administration Services.
Who are Elite Insurance's investors?
Elite Insurance has 2 investors. Key investors include Maven Capital Partners, and Armour Group.