About FRISS
FRISS is a company based in Utrecht (Netherlands) founded in 2006 by Jeroen Morrenhof and Christian van Leeuwen.. FRISS has raised $88.67 million across 3 funding rounds from investors including Guidewire, Aquiline Capital Partners and Accel-KKR. FRISS has completed 2 acquisitions, including Polonious and Terrene Labs. FRISS offers products and services including Trust Automation Platform, Underwriting Solution, Claims Solution, and Investigations Solution. FRISS operates in a competitive market with competitors including Megvii, Unico, Chooch, Evrotrust and Oosto, among others.
- Headquarter Utrecht, Netherlands
- Founders Jeroen Morrenhof, Christian van Leeuwen
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Sectors
TechnologyIndustrial Goods & Manufacturing Financial Services
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Phone
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Website
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Social
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Products & Services of FRISS
FRISS offers a comprehensive portfolio of products and services, including Trust Automation Platform, Underwriting Solution, Claims Solution, and Investigations Solution. 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.
Automates real-time risk analysis for insurance interactions.
Speeds up policy writing with bias-free analytics.
Screens claims quickly to reduce loss ratios.
Verifies trust in flagged claims for better outcomes.
Funding Insights of FRISS
FRISS has successfully raised a total of $88.67M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $6 million completed in November 2021. 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 3
- Last Round Series B — $6.0M
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First Round
First Round
(12 Dec 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2021 | Amount | Series B - FRISS | Valuation | Guidewire |
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| Jul, 2021 | Amount | Series B - FRISS | Valuation | Accel-KKR | |
| Dec, 2017 | Amount | Series A - FRISS | Valuation | Aquiline Capital Partners , BlackFin |
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| 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 |
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Investors in FRISS
FRISS has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Guidewire, Aquiline Capital Partners and Accel-KKR. 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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Investments are focused on mid-market software and technology-enabled services firms.
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Private equity and debt investments are directed toward financial sectors.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 FRISS
FRISS has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Polonious and Terrene Labs. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Risk management is provided for insurance carriers using Big Data.
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2015 | ||||
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Investigation management software provider
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - FRISS
| 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 |
Friss Comparisons
Competitors of FRISS
FRISS 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 Megvii, Unico, Chooch, Evrotrust and Oosto, 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.
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| domain | founded_year | HQ Location |
Facial recognition and AI video analysis solutions are provided.
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Digital identity solutions company providing facial biometrics and digital admission solutions
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Generative computer vision solutions are offered for video stream analysis.
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| domain | founded_year | HQ Location |
AI-based identity verification and electronic signing are provided for businesses.
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| domain | founded_year | HQ Location |
AI-powered video analytics systems are provided for security and operations.
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| domain | founded_year | HQ Location |
Identity verification solutions with ID scans and validation are offered.
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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 Friss
Frequently Asked Questions about FRISS
When was FRISS founded?
FRISS was founded in 2006 and raised its 1st funding round 11 years after it was founded.
Where is FRISS located?
FRISS is headquartered in Utrecht, Netherlands.
Is FRISS a funded company?
FRISS is a funded company, having raised a total of $88.67M across 3 funding rounds to date. The company's 1st funding round was a Series A of $17.67M, raised on Dec 12, 2017.
What does FRISS do?
Risk and compliance solutions for PC insurers. It is an analytics software platform for fraud detection, risk assessment, and compliance management for property and casualty insurers. It features fraud detection solutions for underwriting and claim processing. It enables insurers to detect and prevent fraud through its hybrid detection engine and connections to external data sources. It provides a FRISS score that indicates the risk for each quotation, policy, or claim.
What products or services does FRISS offer?
FRISS offers Trust Automation Platform, Underwriting Solution, Claims Solution, and Investigations Solution.
How many acquisitions has FRISS made?
FRISS has made 2 acquisitions, including Polonious, and Terrene Labs.
Who are FRISS's investors?
FRISS has 4 investors. Key investors include Guidewire, Aquiline Capital Partners, Accel-KKR, and BlackFin.