About Foxquilt
Foxquilt is a company based in Toronto (Canada) founded in 2016 by Mark Morissette.. Foxquilt has raised $22.34 million across 5 funding rounds from investors including AmTrust Financial, Icm and Luge Capital. Foxquilt offers products and services including Business Insurance Policy, Online Quoting Platform, and Embedded Insurance Experience. Foxquilt operates in a competitive market with competitors including Rates.ca, Surex, InsurEye, CAA Manitoba and Kanetix.ca, among others.
- Headquarter Toronto, Canada
- Founders Mark Morissette
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$22.34 M (USD)
in 5 rounds
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Latest Funding Round
$216.89 K (USD), Series B
Apr 28, 2025
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Investors
AmTrust Financial
& 4 more
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Employee Count
Employee Count
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Products & Services of Foxquilt
Foxquilt offers a comprehensive portfolio of products and services, including Business Insurance Policy, Online Quoting Platform, and Embedded Insurance Experience. 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.
Customizable coverage for small businesses and professionals
Platform for instant insurance quotes and purchases
Seamless tool for business insurance requirements
Funding Insights of Foxquilt
Foxquilt has successfully raised a total of $22.34M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $216.89 thousand completed in April 2025. 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 5
- Last Round Series B — $216,888
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First Round
First Round
(19 Oct 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Series B - Foxquilt | Valuation |
investors |
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| Jul, 2023 | Amount | Series B - Foxquilt | Valuation |
investors |
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| Sep, 2021 | Amount | Series A - Foxquilt | Valuation | Luge 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 Foxquilt
Foxquilt has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include AmTrust Financial, Icm and Luge 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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Founded Year | Domain | Location | |
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Luge Capital is focused on fintech venture capital investments.
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Founded Year | Domain | Location | |
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A global venture capital firm is operated to invest in innovative founders.
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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 Foxquilt
| 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 - Foxquilt
| 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 |
Foxquilt Comparisons
Competitors of Foxquilt
Foxquilt 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 Rates.ca, Surex, InsurEye, CAA Manitoba and Kanetix.ca, 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 insurance comparison platform for individuals
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| domain | founded_year | HQ Location |
Comparison platform for diversified insurance
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| domain | founded_year | HQ Location |
Functions as an insurance comparison and review platform.
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| domain | founded_year | HQ Location |
Offers membership benefits including roadside assistance, travel planning, insurance, and automotive services.
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| domain | founded_year | HQ Location |
Comparison portal for car insurance quote, mortgage, and credit card products
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| 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.
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Latest news on Foxquilt
Frequently Asked Questions about Foxquilt
When was Foxquilt founded?
Foxquilt was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Foxquilt located?
Foxquilt is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Foxquilt?
Mark Morissette is the current CEO of Foxquilt. They have also founded this company.
Is Foxquilt a funded company?
Foxquilt is a funded company, having raised a total of $22.34M across 5 funding rounds to date. The company's 1st funding round was a Series A of $6.32M, raised on Oct 19, 2018.
What does Foxquilt do?
Founded in 2016 in Toronto, Canada, Foxquilt operates as a sharing economy platform in the insurance sector. Users are enabled to create groups of individuals or businesses needing similar coverage, leveraging collective purchasing power for reduced premiums, lower deductibles, and savings at renewal. As of October 2018, no product has been launched on the platform.
Who are the top competitors of Foxquilt?
Foxquilt's top competitors include Rates.ca, Kanetix.ca and EasyInsure.
What products or services does Foxquilt offer?
Foxquilt offers Business Insurance Policy, Online Quoting Platform, and Embedded Insurance Experience.
Who are Foxquilt's investors?
Foxquilt has 5 investors. Key investors include AmTrust Financial, Icm, Luge Capital, Side Door Ventures, and Extreme Venture Partners.