About Hagerty
Hagerty is a company based in Traverse City (United States) founded in 1983 by Kim Hagerty. Hagerty has raised $212.5 million across 2 funding rounds from investors including State Farm, Markel Corporation and Markel. The company has 1,740 employees as of December 31, 2024. Hagerty has completed 9 acquisitions, including Broad Arrow Group, California Mille and Classics & Exotics. Hagerty offers products and services including Insurance, Valuation Tools, and Marketplace. Hagerty operates in a competitive market with competitors including Clearcover, Zendrive, Metromile, Cambridge Mobile Telematics and HDVI, among others.
- Headquarter Traverse City, United States
- Employees 1740 as on 31 Dec, 2024
- Founders Kim Hagerty
- Stage Public
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Hagerty, Inc.
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Annual Revenue
$1.19 B (USD)17.76as on Dec 31, 2024
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Net Profit
$17.02 M (USD)-15.89as on Dec 31, 2024
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EBITDA
Not available
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Total Equity Funding
$212.5 M (USD)
in 2 rounds
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Latest Funding Round
$80 M (USD), Post-IPO
Jun 23, 2023
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Investors
State Farm
& 2 more
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Employee Count
1740
as on Dec 31, 2024
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Investments & Acquisitions
Broad Arrow Group
& 8 more
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IPO & Listings of Hagerty
Hagerty is a publicly listed company on the NYSE with ticker symbol HGTY in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Hagerty
Hagerty offers a comprehensive portfolio of products and services, including Insurance, Valuation Tools, and Marketplace.
Provides coverage for classic and collectible vehicles.
Offers guides for valuing classic cars and vehicles.
Platform for auctioning and selling classic vehicles.
People of Hagerty
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Software Development Team
53 people
Leadership Team
24 people
Product Management Team
16 people
Human Resources and Administration
15 people
Legal and Compliance
10 people
Finance and Accounting
9 people
Senior Team
9 people
Operations Team
6 people
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Funding Insights of Hagerty
Hagerty has successfully raised a total of $212.5M across 2 strategic funding rounds. The most recent funding activity was a Post-IPO round of $80 million completed in June 2023. 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 Hagerty
Hagerty has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include State Farm, Markel Corporation and Markel.
| Investor | Description | Founded Year | Domain | Location |
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Insurance and financial services are provided to individuals and businesses.
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Insurance and reinsurance holding services are provided to clients.
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Investor details for Hagerty
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Hagerty
Hagerty has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include Broad Arrow Group, California Mille and Classics & Exotics.
Investment portfolio details for Hagerty
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of car collectors services
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Locked | Locked | 2021 | Locked | |
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Peer-to-peer rentals of classic and exotic cars are enabled online.
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Locked | Locked | 2014 | Locked | |
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Offers custom websites and software for collector car businesses and enthusiasts.
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Locked | Locked | 2012 | Locked |
Complete acquisition details for Hagerty
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- Transaction dates
- Acquired stakes
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- Domains and locations
Verified entity values are shown only after access is granted.
Financial Statements - Hagerty
Detailed financials for Hagerty
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
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- Profit trends
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Hagerty Comparisons
Peer comparison for Hagerty
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- Headcount comparison
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- Operating benchmarks
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Competitors of Hagerty
Hagerty 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 Clearcover, Zendrive, Metromile, Cambridge Mobile Telematics and HDVI, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Automotive insurance is delivered via an online platform.
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AI-enabled platform offering driver behavior monitoring and analysis solutions
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| Locked | Locked | Locked |
App that provides usage-based auto insurance platform for individuals
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| Locked | Locked | Locked |
Usage-based data monitoring solutions for the auto insurance industry
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Telematics-based data & monitoring solutions for auto insurers and fleet owners
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Detailed competitors of Hagerty
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- Domains and locations
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Latest news on Hagerty
Complete news archive for Hagerty
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Hagerty
Hagerty was founded in 1983 and raised its 1st funding round 36 years after it was founded.
Hagerty is headquartered in Traverse City, United States. It is registered at Traverse City, Michigan, United States.
McKeel Hagerty is the current CEO of Hagerty.
Hagerty is a funded company, having raised a total of $212.5M across 2 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Hagerty is 1,740.
Annual revenue of Hagerty is $1.19B as on Dec 31, 2024.
Hagerty was established in 1983 in Traverse City, United States, within the insurance sector. Operations focus on automotive coverage, including policies for classic and specialty vehicles. Services are extended to users requiring tailored protection against risks. The company is led by CEO McKeel Hagerty, with foundational ties to Kim Hagerty. Activities remain centered in the United States, supporting enthusiast communities through domain hagerty.com.
Hagerty's top competitors include Clearcover, Metromile and Cambridge Mobile Telematics.
Hagerty offers Insurance, Valuation Tools, and Marketplace.
Yes, Hagerty is publicly traded on NYSE under the ticker symbol HGTY.
Hagerty has made 9 acquisitions, including Broad Arrow Group, California Mille, and Classics & Exotics.
Hagerty has 3 investors. Key investors include State Farm, Markel Corporation, and Markel.
The ticker symbol of Hagerty is HGTY on NYSE.