About Evy
Evy is a company based in Paris (France) founded in 2021 by Simon Kemoun, Shana Azria, and Tanguy Le Stradic.. Evy has raised $6.44 million across 1 funding round from investors including Sequoia Capital, La Famiglia and Global Founders Capital. Evy offers products and services including Damage + Theft Insurance, Repair Subscriptions, Extended Warranty, and Buyback Guarantee. Evy operates in a competitive market with competitors including Mulberry, Extend, Clyde, egaranti and Anycover, among others.
- Headquarter Paris, France
- Founders Simon Kemoun, Shana Azria, Tanguy Le Stradic
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Sectors
Retail
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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 Société Par Actions Simplifiée (Sas)
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.44 M (USD)
in 1 rounds
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Latest Funding Round
$6.44 M (USD), Seed
Oct 26, 2022
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Investors
Sequoia Capital
& 7 more
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Employee Count
Employee Count
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Products & Services of Evy
Evy offers a comprehensive portfolio of products and services, including Damage + Theft Insurance, Repair Subscriptions, Extended Warranty, and Buyback Guarantee. 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.
Covers product damage and theft with transparent claims process
Offers ongoing repairs for products like bikes and electronics
Provides additional coverage beyond standard warranties
Facilitates product buybacks with seamless integration
Funding Insights of Evy
Evy has successfully raised a total of $6.44M through 1 strategic funding round. The most recent funding activity was a Seed round of $6.44 million completed in October 2022. 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 Seed — $6.4M
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First Round
First Round
(26 Oct 2022)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Seed - Evy | Valuation | Sequoia Capital |
| 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 Evy
Evy has secured backing from 8 investors, including venture fund and angel investors. Prominent investors backing the company include Sequoia Capital, La Famiglia and Global Founders Capital. 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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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early stage companies
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage startups
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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 Evy
| 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 |
Financial Statements - Evy
| 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 |
Evy Comparisons
Competitors of Evy
Evy 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 Mulberry, Extend, Clyde, egaranti and Anycover, 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 |
Warranty management solutions and insurance are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
Extend is recognized for providing AI-driven post-purchase solutions.
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| domain | founded_year | HQ Location |
Warranty management solutions are provided for insurance businesses.
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| domain | founded_year | HQ Location |
Warranty management software solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
Loyalty management software is provided for e-commerce businesses.
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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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Frequently Asked Questions about Evy
When was Evy founded?
Evy was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Evy located?
Evy is headquartered in Paris, France.
Who is the current CEO of Evy?
Simon Kemoun is the current CEO of Evy. They have also founded this company.
Is Evy a funded company?
Evy is a funded company, having raised a total of $6.44M across 1 funding round to date. The company's 1st funding round was a Seed of $6.44M, raised on Oct 26, 2022.
What does Evy do?
Evy was founded in 2021 and is based in Paris, France. Warranty management solutions are offered to e-commerce businesses, enabling the extension of warranties on physical products such as home appliances, sports equipment, and office supplies. Operations focus on integrating these services into online platforms to handle warranty claims and extensions across various product categories.
What products or services does Evy offer?
Evy offers Damage + Theft Insurance, Repair Subscriptions, Extended Warranty, and Buyback Guarantee.
Who are Evy's investors?
Evy has 8 investors. Key investors include Sequoia Capital, La Famiglia, Global Founders Capital, Adrien Nussenbaum, and Michael Benabou.
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