About Insurate
Insurate is a company based in Seattle (United States) founded in 2019.. Insurate has raised $4.5 million across 1 funding round from investors including Foundation Capital, HSCM Ventures and Revolution. Insurate offers products and services including Workers' Compensation Insurance and AI Underwriting Service. Insurate operates in a competitive market with competitors including Pie Insurance, Kinetic, Glow, Asteya and Breeze, among others.
- Headquarter Seattle, United States
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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 Insurate, 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
$4.5 M (USD)
in 1 rounds
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Latest Funding Round
$4.5 M (USD), Seed
Oct 04, 2021
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Investors
Foundation Capital
& 4 more
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Employee Count
Employee Count
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Products & Services of Insurate
Insurate offers a comprehensive portfolio of products and services, including Workers' Compensation Insurance and AI Underwriting Service. 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.
Coverage for workers in high-risk industries with AI-driven premium calculations.
Data science tool for evaluating and rewarding safe company practices.
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Funding Insights of Insurate
Insurate has successfully raised a total of $4.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $4.5 million completed in October 2021. 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 1
- Last Round Seed — $4.5M
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First Round
First Round
(04 Oct 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Seed - Insurate | Valuation | HSCM Ventures |
| 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 Insurate
Insurate has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Foundation Capital, HSCM Ventures and Revolution. 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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HSCM Ventures is focused on venture investments in insurance technology.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage fintech, enterprise, web 3, consumer, and multiple sectors
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Founded Year | Domain | Location | |
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Revolution is recognized as a D.C.-based investment firm.
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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 Insurate
| 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 - Insurate
| 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 |
Insurate Comparisons
Competitors of Insurate
Insurate 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 Pie Insurance, Kinetic, Glow, Asteya and Breeze, 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 |
Workers' compensation insurance is provided online for small businesses.
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| domain | founded_year | HQ Location |
Tech-driven programs for reducing workplace injuries are offered.
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| domain | founded_year | HQ Location |
Insurance solutions for small businesses are provided by Glow.
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| domain | founded_year | HQ Location |
Provider of income insurance policies for individuals unable to work.
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| domain | founded_year | HQ Location |
Disability insurance is offered via an internet-first platform.
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| domain | founded_year | HQ Location |
Insurance policy suite solutions are provided for workplace safety.
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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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Frequently Asked Questions about Insurate
When was Insurate founded?
Insurate was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Insurate located?
Insurate is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Is Insurate a funded company?
Insurate is a funded company, having raised a total of $4.5M across 1 funding round to date. The company's 1st funding round was a Seed of $4.5M, raised on Oct 04, 2021.
What does Insurate do?
Insurate was founded in 2019 and is based in Seattle, United States. Operations focus on the insurance and risk management sector, where solutions for adjusting workers compensation premiums, healthcare coverage, and financial protection are provided to agents, carriers, and businesses. Data science and analytics tools are also utilized to pinpoint companies that demonstrate safety levels above industry norms.
Who are the top competitors of Insurate?
Insurate's top competitors include Pie Insurance, Kinetic and CompScience.
What products or services does Insurate offer?
Insurate offers Workers' Compensation Insurance and AI Underwriting Service.
Who are Insurate's investors?
Insurate has 5 investors. Key investors include Foundation Capital, HSCM Ventures, Revolution, Clocktower Technology Ventures, and Sure Ventures.
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