About Fortress Insurance
Fortress Insurance is a company based in Calgary (Canada) founded in 2004.. Fortress Insurance has raised $5.3 million across 1 funding round from investors including Indemnity National Insurance Company. Fortress Insurance offers products and services including Property Insurance, Boiler and Machinery Insurance, Fidelity Insurance, Marine Insurance, and Accident and Sickness Insurance. Fortress Insurance operates in a competitive market with competitors including Intact Ventures, Trisura, Northbridge Financial Corporation, ICPEI Holdings and Travelers Canada, among others.
- Headquarter Calgary, Canada
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Fortress Insurance Company
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.3 M (USD)
in 1 rounds
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Latest Funding Round
$5.3 M (USD), Series A
Oct 19, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of Fortress Insurance
Fortress Insurance offers a comprehensive portfolio of products and services, including Property Insurance, Boiler and Machinery Insurance, Fidelity Insurance, Marine Insurance, and Accident and Sickness 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.
Covers risks to property assets from events like fire or theft.
Protects equipment from breakdowns and operational failures.
Insures against losses from employee dishonesty or fraud.
Provides coverage for marine risks and cargo transportation.
Offers protection for health-related incidents and disabilities.
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Software Development Team
1 people
Leadership Team
1 people
Finance and Accounting
1 people
Controller Team
1 people
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Funding Insights of Fortress Insurance
Fortress Insurance has successfully raised a total of $5.3M through 1 strategic funding round. The most recent funding activity was a Series A round of $5.3 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 Series A — $5.3M
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First Round
First Round
(19 Oct 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2022 | Amount | Series A - Fortress Insurance | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Fortress Insurance
Fortress Insurance has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Indemnity National Insurance Company. 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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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 Fortress Insurance
| 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 - Fortress Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Fortress Insurance Comparisons
Competitors of Fortress Insurance
Fortress 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 Intact Ventures, Trisura, Northbridge Financial Corporation, ICPEI Holdings and Travelers Canada, 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 |
Provider of property & casualty insurances
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| domain | founded_year | HQ Location |
P&C insurance carrier
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| domain | founded_year | HQ Location |
Offers insurance solutions through brokers and direct services for businesses in Canada.
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| domain | founded_year | HQ Location |
Provider of commercial and personal lines insurance products
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| domain | founded_year | HQ Location |
Provides insurance coverage for cars, homes, and commercial needs in Canada.
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| domain | founded_year | HQ Location |
Offers auto, business, farm, and personal property insurance through brokers and online platforms.
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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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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 Fortress Insurance
When was Fortress Insurance founded?
Fortress Insurance was founded in 2004 and raised its 1st funding round 18 years after it was founded.
Where is Fortress Insurance located?
Fortress Insurance is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Who is the current CEO of Fortress Insurance?
Shafeen Mawani is the current CEO of Fortress Insurance.
Is Fortress Insurance a funded company?
Fortress Insurance is a funded company, having raised a total of $5.3M across 1 funding round to date. The company's 1st funding round was a Series A of $5.3M, raised on Oct 19, 2022.
What does Fortress Insurance do?
Fortress Insurance was established in 2004 in Calgary, Canada, as a provider in the insurance sector. Operations focus on delivering property, automobile, surety, accidental, and legal insurance services through the domain fortressinsurance.ca. Leadership is held by CEO Shafeen Mawani. The company serves clients primarily within Canada, addressing various risk management needs in personal and commercial contexts.
Who are the top competitors of Fortress Insurance?
Fortress Insurance's top competitors include Intact Ventures, Trisura and ICPEI Holdings.
What products or services does Fortress Insurance offer?
Fortress Insurance offers Property Insurance, Boiler and Machinery Insurance, Fidelity Insurance, Marine Insurance, and Accident and Sickness Insurance.
Who are Fortress Insurance's investors?
Fortress Insurance has 1 investor. Key investors include Indemnity National Insurance Company.