About Group 1001
Group 1001 is a company based in Indianapolis (United States) founded in 2013 by Dan Towriss. It operates as a B2C, and D2C. Group 1001 has completed 1 acquisition, including Lackawanna Insurance Group. Group 1001 offers products and services including Insurance and Annuities, Online Investing Platform, Technology and Innovation, and Strategic Partnerships. Group 1001 operates in a competitive market with competitors including HUB International, State Farm, Manulife, Assurant and Jackson, among others.
- Headquarter Indianapolis, United States
- Founders Dan Towriss
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Sectors
Financial Services
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Phone
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Website
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Social
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- Legal Name Group 1001 Resources, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Group 1001
Group 1001 offers a comprehensive portfolio of products and services, including Insurance and Annuities, Online Investing Platform, Technology and Innovation, and Strategic Partnerships. 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.
Services that simplify and provide access to financial protection
Platform for user-controlled savings and investment management
Tools to support company success and growth initiatives
Collaborations for education and sports community development
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Leadership Team
31 people
Software Development Team
27 people
Finance and Accounting
14 people
Operations Team
12 people
Senior Team
12 people
Legal and Compliance
10 people
Product Management Team
8 people
Sales and Marketing
5 people
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Funding Insights of Group 1001
| 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 |
Investments & Acquisitions by Group 1001
Group 1001 has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Lackawanna Insurance Group. 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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Workers' compensation insurance brokerage is provided in the United States.
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2004 |
| 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 - Group 1001
| 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 |
Group 1001 Comparisons
Competitors of Group 1001
Group 1001 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 HUB International, State Farm, Manulife, Assurant and Jackson, 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.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Investment advisory, insurance distribution, and risk management services are provided.
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| domain | founded_year | HQ Location |
Insurance and financial services are provided to individuals and businesses.
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| domain | founded_year | HQ Location |
Life insurance and diversified asset management services are provided.
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| domain | founded_year | HQ Location |
Homeowner, rental, vehicle, flood, and travel insurance services are provided.
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| domain | founded_year | HQ Location |
Retirement-focused investment management services are provided by the firm.
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| domain | founded_year | HQ Location |
Life, health, and financial insurance services are provided globally.
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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 Group 1001
Frequently Asked Questions about Group 1001
When was Group 1001 founded?
Group 1001 was founded in 2013.
Where is Group 1001 located?
Group 1001 is headquartered in Indianapolis, United States. It is registered at Indianapolis, Indiana, United States.
Who is the current CEO of Group 1001?
Dan Towriss is the current CEO of Group 1001. They have also founded this company.
What does Group 1001 do?
Group 1001 is a collective focused on empowering companies and individuals through accessible financial products like insurance and annuities. It operates an online investing platform to help users manage savings and futures. The company also drives technology innovation for business success and forms strategic partnerships in education and sports to transform communities. Based in the US, it aims to make financial services understandable and inclusive for all.
Who are the top competitors of Group 1001?
Group 1001's top competitors include HUB International, Unum and Assurant.
What products or services does Group 1001 offer?
Group 1001 offers Insurance and Annuities, Online Investing Platform, Technology and Innovation, and Strategic Partnerships.
How many acquisitions has Group 1001 made?
Group 1001 has made 1 acquisition, including Lackawanna Insurance Group.
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