About GAINSCO
GAINSCO is a company based in Dallas (United States) founded in 1978 was acquired by State Farm in September 2020. GAINSCO has raised $23.59 million across 1 funding round from investors including State Farm. GAINSCO offers products and services including Auto Insurance and Mobile App. GAINSCO operates in a competitive market with competitors including Hagerty, HDVI, Cover Whale, Falcon Insurance Group and Aanika, among others.
- Headquarter Dallas, United States
- Stage Public
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Sectors
Financial Services
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Mga Insurance Company, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$23.59 M (USD)
in 1 rounds
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Latest Funding Round
$23.59 M (USD), Series A
Feb 02, 2005
- Investors
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Employee Count
Not available
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Acquired by
State Farm
(Sep 17, 2020)
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Products & Services of GAINSCO
GAINSCO offers a comprehensive portfolio of products and services, including Auto Insurance and Mobile App.
Provides coverage for personal vehicles and liability protection.
Enables users to get quotes and make payments securely.
People of GAINSCO
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Sales and Marketing
19 people
Software Development Team
17 people
Leadership Team
17 people
Legal and Compliance
7 people
Product Management Team
5 people
Operations Team
3 people
Finance and Accounting
3 people
Systems Team
2 people
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Funding Insights of GAINSCO
GAINSCO has successfully raised a total of $23.59M through 1 strategic funding round. The most recent funding activity was a Series A round of $23.59 million completed in February 2005. 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.
Investors in GAINSCO
GAINSCO has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include State Farm.
| Investor | Description | Founded Year | Domain | Location |
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Insurance and financial services are provided to individuals and businesses.
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Investor details for GAINSCO
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Investments & Acquisitions by GAINSCO
Investment portfolio details for GAINSCO
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- Transaction dates
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Financial Statements - GAINSCO
Detailed financials for GAINSCO
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- Profit trends
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Gainsco Comparisons
Peer comparison for GAINSCO
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Competitors of GAINSCO
GAINSCO 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 Hagerty, HDVI, Cover Whale, Falcon Insurance Group and Aanika, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Automotive insurance solutions are provided to vehicle users.
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Telematics-based data & monitoring solutions for auto insurers and fleet owners
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Commercial truck insurance is provided for wholesale and retail sectors.
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Auto insurance coverage is offered nationwide by Falcon Insurance Group.
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Traceability solutions for agricultural products are provided using microbial-based tags.
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Serves as a transportation insurance carrier for reliable coverage solutions.
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Detailed competitors of GAINSCO
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Latest news on Gainsco
Complete news archive for GAINSCO
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Frequently Asked Questions about GAINSCO
GAINSCO was founded in 1978 and raised its 1st funding round 27 years after it was founded.
GAINSCO is headquartered in Dallas, United States. It is registered at Dallas, Texas, United States.
Glenn W. Anderson is the current CEO of GAINSCO.
GAINSCO is a funded company, having raised a total of $23.59M across 1 funding round to date.
GAINSCO was established in 1978 and is based in Dallas, United States. The company functions as an auto insurance carrier within the property and casualty sector. Coverage is provided for personal and commercial vehicles, including liability, collision, and comprehensive options. Operations are managed nationwide, with policies underwritten and claims handled through a network of agents and digital platforms. Leadership is directed by Glenn W. Anderson as CEO and President.
GAINSCO's top competitors include Hagerty, HDVI and Cover Whale.
GAINSCO offers Auto Insurance and Mobile App.
GAINSCO has 1 investor. Key investors include State Farm.