About FRISS
FRISS is a Technology company based in Utrecht (Netherlands) founded in 2006 by Jeroen Morrenhof and Christian van Leeuwen. It operates in the Technology, Industrial Goods & Manufacturing, and Financial Services sectors. 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. Its focus areas include FinTech, RegTech, Fraud Detection and Insurance.
Company details
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.
Products & Services of FRISS
FRISS offers a comprehensive portfolio of products and services, including Trust Automation Platform, Underwriting Solution, Claims Solution, and Investigations Solution.
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.
Apps and channels of FRISS
its YouTube channel FRISS has 145 subscribers and 30 videos.
Videos from FRISS
The most watched videos on FRISS's YouTube channel, FRISS (145 subscribers). Click a video to play it here.
More on FRISS.
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 $88.67M
- Total Rounds 3
- Last Round Series B — $6M
- First Round $17.67M
(Dec 2017)
- Investors Count 4
All 3 funding rounds of FRISS with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2021 | $6M | Series B | – | Guidewire | – |
| Jul 2021 | $65M | Series B | – | Accel-KKR | |
| Dec 2017 | $17.67M | Series A | – | Aquiline Capital Partners, BlackFin | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments are focused on mid-market software and technology-enabled services firms. | accel-kkr.com | Menlo Park, United States | ||
Private equity and debt investments are directed toward financial sectors. | 2005 | aquiline.com | New York, United States | |
| blackfin.com | ||||
Cloud-based platform for property and casualty insurance is provided. | 2001 | guidewire.com | San Mateo, United States |
Investor details for FRISS
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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People of FRISS
2 people are tracked at FRISS (2 in leadership).
| Name | Role | Group |
|---|---|---|
Jeroen Morrenhof | Co-Founder | Leadership |
Christian van Leeuwen | Co-Founder | Leadership |
Complete people profiles for FRISS
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Investments & Acquisitions by FRISS
FRISS has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Polonious and Terrene Labs.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Investigation management software provider | polonious-systems.com | Boynton Beach, United States | 2006 | Mar 2022 | •••• | |
Risk management is provided for insurance carriers using Big Data. | terrenelabs.com | Mason, United States | 2015 | Apr 2021 | •••• |
Complete acquisition details for FRISS
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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Timeline of FRISS
5 dated milestones of FRISS across 16 years, from founding to its latest funding, stage changes and deals.
- Founded FRISS is founded.
- Funding First funding round of $17.7M.
- Acquisition Acquires Terrene Labs.
- Funding Latest funding round, Series B, of $6.0M.
- Acquisition Acquires Polonious.
Web traffic of FRISS
The website of FRISS (friss.com) receives about 7.5K visits a month.
- Monthly visits7.5K
▲ 25.9% vs previous month
Websites whose visitors overlap most with FRISS. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| formotiv.com | 100% | 1.9K | #6,730,009 | View details |
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Related news about Friss
Complete news archive for FRISS
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Frequently Asked Questions about FRISS
FRISS was founded in 2006 and raised its 1st funding round 11 years after it was founded.
FRISS is headquartered in Utrecht, Netherlands.
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 2017.
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.
FRISS offers Trust Automation Platform, Underwriting Solution, Claims Solution, and Investigations Solution.
FRISS has made 2 acquisitions, including Polonious, and Terrene Labs.
FRISS has 4 investors. Key investors include Guidewire, Aquiline Capital Partners, Accel-KKR, and BlackFin.