About Galileo Platforms
Galileo Platforms is a Financial Services company based in Hong Kong (China) founded in 2016. It operates as a blockchain-based insurance solutions are provided to brokers and insurers. Galileo Platforms has raised $2 million across 1 funding round from investors including Greenlight Re. Its focus areas include FinTech, Internet First Insurance Platforms, Insurance Comparison Platforms and Life. Its competitors include Blue HK and Yixin Prudential Insurance Sales Service.
Company details
Galileo Platforms was founded in 2016 in Hong Kong, China, focusing on the insurance sector through blockchain technology. A private blockchain network is made available to brokers, banks, insurers, reinsurers, and related parties. Data management is automated using APIs that integrate with the blockchain. Smart contracts are developed on the Ethereum platform, while Quorum is applied for encryption purposes. Operations center on facilitating secure and efficient insurance processes.
- Headquarters Hong Kong, China
- SectorsFinancial Services
- Email••••••••
- Website galileoplatforms.com
- Social LinkedIn X
- Total Equity Funding$2M (USD)
in 1 rounds
- Latest Funding Round$2M (USD), Series A
Sep 2018
- Investors
Funding Insights of Galileo Platforms
Galileo Platforms has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Series A round of $2 million completed in September 2018. 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 $2M
- Total Rounds 1
- Last Round Series A — $2M
- First Round $2M
(Sep 2018)
- Investors Count 1
All 1 funding rounds of Galileo Platforms 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 |
|---|---|---|---|---|---|
| Sep 2018 | $2M | Series A | – | Greenlight Re | – |
1 investors in total: 1 institutional.
Investors in Galileo Platforms
Galileo Platforms has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Greenlight Re.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Property and casualty reinsurance is provided to global insurers. | 2004 | greenlightre.com | George Town, Cayman Islands |
Investor details for Galileo Platforms
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Timeline of Galileo Platforms
2 dated milestones of Galileo Platforms across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Galileo Platforms is founded.
- Funding First funding round of $2.0M.
Competitors of Galileo Platforms
Galileo Platforms has 2 listed competitors in our database. They include Blue HK and Yixin Prudential Insurance Sales Service, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| blue.com.hk | 2018 | Kowloon, China | – | – | Offers an online platform for life insurance services, simplifying policy selection and management. | |
| yixinbaoxian.com | 2011 | Beijing, China | – | – | Yixin Prudential Insurance Sales Service is a tech-enabled agency for insurance sales and customer services. |
Detailed competitors of Galileo Platforms
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Top companies in Insurance Providers
10 companies that operate in the same segment as Galileo Platforms (Insurance Providers), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Provider of a cloud-based platform for life and P&C insurance | 2015 | New York, New York, United States | USD 644 M | USD 615.2 M | 1,471 | |
App-based health insurance is offered to individuals and businesses. | 2016 | Paris, Ile de France, France | USD 863.12 M | – | 1,606 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Online small business insurance policies are provided. | 2016 | Palo Alto, California, United States | USD 1.12 B | – | 549 | |
App-based comparison platform for financial products | 2009 | San Francisco, California, United States | USD 123.3 M | USD 836.6 M | 650 | |
Homeowners insurance coverage is delivered via an online platform. | 2015 | Palo Alto, California, United States | USD 709.36 M | USD 468.6 M | 640 | |
Online health insurance is provided to individuals and businesses. | 2012 | New York, New York, United States | USD 1.63 B | USD 11.7 B | 2,908 | |
Insurance plans are compared and purchased via an online marketplace. | 2008 | Gurugram, Haryana, India | – | USD 502.59 M | 31,422 |
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Related news about Galileo Platforms
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Frequently Asked Questions about Galileo Platforms
Galileo Platforms was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Galileo Platforms is headquartered in Hong Kong, China.
Galileo Platforms is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Series A of $2M, raised on Sep 2018.
Galileo Platforms was founded in 2016 in Hong Kong, China, focusing on the insurance sector through blockchain technology. A private blockchain network is made available to brokers, banks, insurers, reinsurers, and related parties. Data management is automated using APIs that integrate with the blockchain. Smart contracts are developed on the Ethereum platform, while Quorum is applied for encryption purposes. Operations center on facilitating secure and efficient insurance processes.
Galileo Platforms's top competitors include Blue HK and Yixin Prudential Insurance Sales Service.
Galileo Platforms has 1 investor. Key investors include Greenlight Re.