About Frankly Insure
Frankly Insure is a company based in Copenhagen (Denmark) founded in 2021 by Ivar Sperling, Alexander Skjoth, and Nicolai Arnholm-Nystrom.. Frankly Insure has raised $912 thousand across 4 funding rounds from investors including Tenity. The company has 9 employees as of December 31, 2024.
- Headquarter Copenhagen, Denmark
- Employees 9 as on 31 Dec, 2024
- Founders Ivar Sperling, Alexander Skjoth, Nicolai Arnholm-Nystrom
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Frankly Insure Aps
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Annual Revenue
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Net Profit
$-1.06 M (USD)-205as on Dec 31, 2024
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EBITDA
$-1.06 M (USD)-243as on Dec 31, 2024
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Total Equity Funding
$912 K (USD)
in 4 rounds
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Latest Funding Round
- Investors
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Employee Count
9
as on Dec 31, 2024
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Leadership Team
3 people
COO Team
1 people
Head Team
1 people
Project Team
1 people
CIO Team
1 people
Unlock access to complete
Funding Insights of Frankly Insure
Frankly Insure has successfully raised a total of $912K across 4 strategic funding rounds. 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 4
- Last Round Last Round
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First Round
First Round
(12 May 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Seed - Frankly Insure | Valuation |
investors |
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| Mar, 2025 | Amount | Seed - Frankly Insure | Valuation |
investors |
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| Jul, 2023 | Amount | Seed - Frankly Insure | Valuation |
investors |
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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 Frankly Insure
Frankly Insure has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Tenity. 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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Early-stage investor, accelerator & incubator focused on the future of finance
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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 Frankly Insure
| 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 - Frankly Insure
| 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 |
Frankly Insure Comparisons
Competitors of Frankly Insure
| 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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Frequently Asked Questions about Frankly Insure
When was Frankly Insure founded?
Frankly Insure was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Frankly Insure located?
Frankly Insure is headquartered in Copenhagen, Denmark.
Who is the current CEO of Frankly Insure?
Alexander Skjoth is the current CEO of Frankly Insure. They have also founded this company.
Is Frankly Insure a funded company?
Frankly Insure is a funded company, having raised a total of $912K across 4 funding rounds to date. The company's 1st funding round was a Seed of $467.4K, raised on May 12, 2022.
How many employees does Frankly Insure have?
As of Dec 31, 2024, the latest employee count at Frankly Insure is 9.
What does Frankly Insure do?
Founded in 2021 in Copenhagen, Denmark, Frankly Insure operates in the insurance sector. Coverage options for household items, wellness, electronics, transport, and fashion are made available through an online platform. Policies can be added during checkout processes, with no long-term commitments required and cancellation permitted at any time. The company is led by co-founders including Alexander Skjoth as CEO and Ivar Sperling as CIO.
Who are Frankly Insure's investors?
Frankly Insure has 1 investor. Key investors include Tenity.