About HeraldAPI
HeraldAPI is a company based in Boston (United States) founded in 2021 by Duncan Crystal.. HeraldAPI has raised $20 million across 2 funding rounds from investors including Lightspeed Venture Partners, Underscore VC and Brewer Lane Ventures. The company has 22 employees as of December 31, 2023. HeraldAPI offers products and services including Herald API and Developer Portal. HeraldAPI operates in a competitive market with competitors including Pathpoint, Beijing Yi Chong Technology, Xagent, Seopa and SALT Insure, among others.
- Headquarter Boston, United States
- Employees 22 as on 31 Dec, 2023
- Founders Duncan Crystal
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$20 M (USD)
in 2 rounds
-
Latest Funding Round
$12 M (USD), Series A
Oct 17, 2024
-
Investors
Lightspeed Venture Partners
& 6 more
-
Employee Count
22
as on Dec 31, 2023
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of HeraldAPI
HeraldAPI offers a comprehensive portfolio of products and services, including Herald API and Developer Portal. 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.
API for integrating commercial insurance quoting and policy management.
Portal providing documentation and resources for API integration.
Unlock access to complete
Funding Insights of HeraldAPI
HeraldAPI has successfully raised a total of $20M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $12 million completed in October 2024. 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 2
- Last Round Series A — $12.0M
-
First Round
First Round
(15 Dec 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series A - HeraldAPI | Valuation | Lightspeed Venture Partners , Brewer Lane Ventures | |
| Dec, 2021 | Amount | Seed - HeraldAPI | Valuation | Lightspeed Venture Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in HeraldAPI
HeraldAPI has secured backing from 7 investors, including venture fund and angel investors. Prominent investors backing the company include Lightspeed Venture Partners, Underscore VC and Brewer Lane Ventures. 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 |
|---|---|---|---|---|
|
Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
|
Founded Year | Domain | Location | |
|
Seed & early stage tech-focused venture capital firm investing in geographies such as the US
|
Founded Year | Domain | Location | |
|
-
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by HeraldAPI
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - HeraldAPI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Heraldapi Comparisons
Competitors of HeraldAPI
HeraldAPI 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 Pathpoint, Beijing Yi Chong Technology, Xagent, Seopa and SALT Insure, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Quoting software solutions are offered for the insurance industry.
|
|
| domain | founded_year | HQ Location |
Cloud-driven quoting solutions are offered for auto insurance.
|
|
| domain | founded_year | HQ Location |
Commercial insurance is quoted and bound via an online platform.
|
|
| domain | founded_year | HQ Location |
Offers price comparison platforms for tech and media brands.
|
|
| domain | founded_year | HQ Location |
Quoting solutions are offered for property and casualty insurance agents.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Heraldapi
Frequently Asked Questions about HeraldAPI
When was HeraldAPI founded?
HeraldAPI was founded in 2021.
Where is HeraldAPI located?
HeraldAPI is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Who is the current CEO of HeraldAPI?
Matthew Antoszyk is the current CEO of HeraldAPI.
Is HeraldAPI a funded company?
HeraldAPI is a funded company, having raised a total of $20M across 2 funding rounds to date. The company's 1st funding round was a Seed of $8M, raised on Dec 15, 2021.
How many employees does HeraldAPI have?
As of Dec 31, 2023, the latest employee count at HeraldAPI is 22.
What does HeraldAPI do?
Cloud-based insurance quoting solutions for the PC insurance industry. It offers quotes and binds insurance from multiple carriers using a single API. It offers insurance quotes across multiple lines of business including general liability, workers compensation, BOP, and more.
Who are the top competitors of HeraldAPI?
HeraldAPI's top competitors include Pathpoint, Beijing Yi Chong Technology and Xagent.
What products or services does HeraldAPI offer?
HeraldAPI offers Herald API and Developer Portal.
Who are HeraldAPI's investors?
HeraldAPI has 7 investors. Key investors include Lightspeed Venture Partners, Underscore VC, Brewer Lane Ventures, Afore Capital, and Garrett Koehn.