About Hedvig
Hedvig is a company based in Stockholm (Sweden) founded in 2016 by Lucas Carlsen, John Ardelius, and Fredrik Fors. It operates as a Subscription Services. Hedvig has raised $98.86 million across 7 funding rounds from investors including SEB, Anthemis Group and Adelis Equity. Hedvig offers products and services including Home Insurance, Car Insurance, Student Insurance, Pet Insurance, and Accident Insurance.
- Headquarter Stockholm, Sweden
- Founders Lucas Carlsen, John Ardelius, Fredrik Fors
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Hedvig Försäkring Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$98.86 M (USD)
in 7 rounds
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Latest Funding Round
$31.06 M (USD), Series B
Mar 10, 2023
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Investors
SEB
& 17 more
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Employee Count
Employee Count
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Products & Services of Hedvig
Hedvig offers a comprehensive portfolio of products and services, including Home Insurance, Car Insurance, Student Insurance, Pet Insurance, and Accident Insurance. 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.
Insurance is provided for apartments and houses.
Car insurance is offered without binding contracts.
Home insurance is tailored for student needs.
Insurance is available for dogs and cats.
Extra security is provided for accident cases.
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Funding Insights of Hedvig
Hedvig has successfully raised a total of $98.86M across 7 strategic funding rounds. The most recent funding activity was a Series B round of $31.06 million completed in March 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.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series B — $31.1M
- First Round First Round
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series B - Hedvig | Valuation | Adelis Equity Partners | |
| Jan, 2022 | Amount | Series B - Hedvig | Valuation | Nordic Secondary Fund |
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| Sep, 2021 | Amount | Series B - Hedvig | Valuation | Ruth FoxeBlader , Matthew Jones |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investors in Hedvig
Hedvig has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include SEB, Anthemis Group and Adelis Equity. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Adelis Equity is engaged in growing Nordic businesses through partnerships.
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Founded Year | Domain | Location | |
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Early and growth-stage startups are funded by Anthemis Group.
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Founded Year | Domain | Location | |
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Provider of early-stage venture capital funding for European technology companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hedvig
| 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 |
Financial Statements - Hedvig
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Hedvig Comparisons
Competitors of Hedvig
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Hedvig
Frequently Asked Questions about Hedvig
When was Hedvig founded?
Hedvig was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Hedvig located?
Hedvig is headquartered in Stockholm, Sweden.
Who is the current CEO of Hedvig?
Lucas Carlsen is the current CEO of Hedvig. They have also founded this company.
Is Hedvig a funded company?
Hedvig is a funded company, having raised a total of $98.86M across 7 funding rounds to date. The company's 1st funding round was a Series B of $45M, raised on Jun 01, 2018.
What does Hedvig do?
Insurance solutions are offered by Hedvig for diverse personal requirements, including home, car, student, pet, and accident coverage. Services are delivered through a digital platform with a user-friendly app for managing policies and claims. The company operates in the financial services sector, focusing on personal insurance in Sweden. Support and personalized service are emphasized for efficient claim handling.
What products or services does Hedvig offer?
Hedvig offers Home Insurance, Car Insurance, Student Insurance, Pet Insurance, and Accident Insurance.
Who are Hedvig's investors?
Hedvig has 18 investors. Key investors include SEB, Anthemis Group, Adelis Equity, Nicklas Storåkers, and Cherry Ventures.
What is Hedvig's valuation?
The valuation of Hedvig is $35M as of Aug 2019.