About Foxen
Foxen is a company based in Columbus (United States) founded in 2017 by Patrick McBride, Andy Lallathin, and Jay Harkrider.. Foxen has raised $44 million across 1 funding round from investors including Summit Partners and Level Equity. Foxen offers products and services including Waiver, WaiverFlex, and Rentistry. Foxen operates in a competitive market with competitors including Sedgwick, Riskonnect, OpenGamma, Realeyes and Moody's Analytics, among others.
- Headquarter Columbus, United States
- Founders Patrick McBride, Andy Lallathin, Jay Harkrider
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Foxen Insurance Agency Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$44 M (USD)
in 1 rounds
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Latest Funding Round
$44 M (USD), Series A
May 27, 2022
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Investors
Summit Partners
& 1 more
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Employee Count
Employee Count
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Products & Services of Foxen
Foxen offers a comprehensive portfolio of products and services, including Waiver, WaiverFlex, and Rentistry. 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.
Monitors renters insurance for compliance and property protection.
Automates waiver enrollment to reduce compliance gaps and risks.
Reports rent payments to credit bureaus for resident credit building.
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Funding Insights of Foxen
Foxen has successfully raised a total of $44M through 1 strategic funding round. The most recent funding activity was a Series A round of $44 million completed in May 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 — $44.0M
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First Round
First Round
(27 May 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series A - Foxen | Valuation | Summit Partners |
| 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 Foxen
Foxen has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Summit Partners and Level Equity. 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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Summit Partners is recognized as a growth equity investment firm.
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Founded Year | Domain | Location | |
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Middle-market growth capital investments are targeted by Level Equity.
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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 Foxen
| 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 - Foxen
| 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 |
Foxen Comparisons
Competitors of Foxen
Foxen 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 Sedgwick, Riskonnect, OpenGamma, Realeyes and Moody's Analytics, 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 |
Claims administration, loss adjusting, and benefits management services are provided.
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| domain | founded_year | HQ Location |
Cloud-based risk management solutions are offered for the insurance sector.
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| domain | founded_year | HQ Location |
SaaS-based solutions for derivatives risk analytics are provided.
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| domain | founded_year | HQ Location |
AI-powered attention measurement and identity verification solutions are provided.
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| domain | founded_year | HQ Location |
Risk management software is supplied for insurance and various sectors.
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| domain | founded_year | HQ Location |
Corporate Digital Identity and KYC solutions are provided by Encompass.
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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 Foxen
Frequently Asked Questions about Foxen
When was Foxen founded?
Foxen was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is Foxen located?
Foxen is headquartered in Columbus, United States. It is registered at Columbus, Ohio, United States.
Who is the current CEO of Foxen?
Jay Harkrider is the current CEO of Foxen. They have also founded this company.
Is Foxen a funded company?
Foxen is a funded company, having raised a total of $44M across 1 funding round to date. The company's 1st funding round was a Series A of $44M, raised on May 27, 2022.
What does Foxen do?
Foxen was founded in 2017 and is based in Columbus, United States. Risk management software is offered to renters insurers, with solutions focused on compliance monitoring, insurance verification, and ongoing insurance tracking. Certificate management tools are also included to support operational needs in the insurance sector. Services are designed for efficient verification and monitoring processes within the renters insurance industry.
Who are the top competitors of Foxen?
Foxen's top competitors include Sedgwick, Encompass and Riskonnect.
What products or services does Foxen offer?
Foxen offers Waiver, WaiverFlex, and Rentistry.
Who are Foxen's investors?
Foxen has 2 investors. Key investors include Summit Partners, and Level Equity.