About Indio
Indio is a company based in San Francisco (United States) founded in 2015 was acquired by Applied in December 2019.. Indio has raised $30 million across 5 funding rounds from investors including Applied Systems, Menlo Ventures and 8VC. The company has 67 employees as of December 31, 2022. Indio offers products and services including Indio Platform. Indio operates in a competitive market with competitors including Wefox, Keystone Agency Partners, Agentero, Zywave and Stubben Edge, among others.
- Headquarter San Francisco, United States
- Employees 67 as on 31 Dec, 2022
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Indio Technologies, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$30 M (USD)
in 5 rounds
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Latest Funding Round
$22 M (USD), Series B
May 02, 2019
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Investors
Applied Systems
& 10 more
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Employee Count
67
as on Dec 31, 2022
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Acquired by
Applied
(Dec 04, 2019)
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Products & Services of Indio
Indio offers a comprehensive portfolio of products and services, including Indio Platform. 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.
Digital tool for streamlining insurance applications and renewals
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Sales and Marketing
65 people
Leadership Team
56 people
Software Development Team
56 people
Product Management Team
37 people
Senior Team
18 people
Customer Team
12 people
Manager Team
11 people
Human Resources and Administration
11 people
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Funding Insights of Indio
Indio has successfully raised a total of $30M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $22 million completed in May 2019. 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 5
- Last Round Series B — $22.0M
- First Round First Round
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Series B - Indio | Valuation | Menlo Ventures | |
| Oct, 2018 | Amount | Series A - Indio | Valuation | NFP Venture |
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| Jan, 2018 | Amount | Series A - Indio | Valuation | 8VC |
| 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 Indio
Indio has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Applied Systems, Menlo Ventures and 8VC. 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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Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
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Founded Year | Domain | Location | |
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Venture capital firm investing in technology, life sciences, and related sectors.
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Founded Year | Domain | Location | |
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Venture capital firm focused on fintech & insurtech sectors
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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 Indio
| 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 - Indio
| 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 |
Indio Comparisons
Competitors of Indio
Indio 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 Wefox, Keystone Agency Partners, Agentero, Zywave and Stubben Edge, 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 |
App-based P&C insurance comparison platform for individuals
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| domain | founded_year | HQ Location |
Insurance agency management solutions are provided to the industry.
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| domain | founded_year | HQ Location |
App-based management solutions for insurance agents are offered.
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| domain | founded_year | HQ Location |
Cloud-based agency management solutions are provided for the insurance industry.
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| domain | founded_year | HQ Location |
Cloud-based management solutions are provided for insurance brokers.
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| domain | founded_year | HQ Location |
SME insurance portfolios are managed via an online broker platform.
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| 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 Indio
Frequently Asked Questions about Indio
When was Indio founded?
Indio was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Indio located?
Indio is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Indio a funded company?
Indio is a funded company, having raised a total of $30M across 5 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Jun 01, 2016.
How many employees does Indio have?
As of Dec 31, 2022, the latest employee count at Indio is 67.
What does Indio do?
Indio was founded in 2015 and is headquartered in San Francisco, United States. SaaS-based agency management solutions are provided by the company for commercial insurance brokers. Application and renewal management processes are supported, along with back-office operations and data management. The focus is placed on streamlining workflows within the insurance sector.
Who are the top competitors of Indio?
Indio's top competitors include Wefox, Stubben Edge and Agentero.
What products or services does Indio offer?
Indio offers Indio Platform.
Who are Indio's investors?
Indio has 11 investors. Key investors include Applied Systems, Menlo Ventures, 8VC, NFP Venture, and 500 Global.