About Insurely
Insurely is a company based in Stockholm (Sweden) founded in 2018 by Eric Lovinder Sevelius, Johan Forsman, Martin J Gylfe, and Lotta Rauseus. It operates as a API-as-a-Product, Data-as-a-Service, and FinTech. Insurely has raised $20.69 million across 2 funding rounds from investors including CNI Nordic, Opera Tech Ventures and Insight Partners. Insurely offers products and services including Insurance Data Access, Pension Data Access, and Investment Data Access. Insurely operates in a competitive market with competitors including Earnix, Roots Automation, Percayso Inform, Figorr and Wenalyze, among others.
- Headquarter Stockholm, Sweden
- Founders Eric Lovinder Sevelius, Johan Forsman, Martin J Gylfe, Lotta Rauseus
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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 Insurely 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
$20.69 M (USD)
in 2 rounds
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Latest Funding Round
$8.61 M (USD), Debt – Convertible
Dec 12, 2023
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Investors
CNI Nordic
& 7 more
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Employee Count
Employee Count
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Products & Services of Insurely
Insurely offers a comprehensive portfolio of products and services, including Insurance Data Access, Pension Data Access, and Investment Data Access. 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.
Real-time insurance data is provided for customer insights.
Pension data is accessed for financial planning purposes.
Investment data is retrieved for personalized financial advice.
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Funding Insights of Insurely
Insurely has successfully raised a total of $20.69M across 2 strategic funding rounds. The most recent funding activity was a Debt – Convertible round of $8.61 million completed in December 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 2
- Last Round Debt – Convertible — $8.6M
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First Round
First Round
(09 Mar 2022)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Debt – Convertible - Insurely | Valuation | CNI , Opera Tech Ventures | |
| Mar, 2022 | Amount | Series A - Insurely | Valuation | Insight Partners , Alfvén & Didrikson |
| 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 Insurely
Insurely has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include CNI Nordic, Opera Tech Ventures and Insight Partners. 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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Late-stage investments are focused on Nordic tech startups.
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Founded Year | Domain | Location | |
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Venture capital is invested in financial industry innovations.
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Founded Year | Domain | Location | |
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Investment firm scaling software and technology companies from early to late stages.
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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 Insurely
| 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 - Insurely
| 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 |
Insurely Comparisons
Competitors of Insurely
Insurely 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 Earnix, Roots Automation, Percayso Inform, Figorr and Wenalyze, 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 |
AI based marketing analytics and data monitoring solutions for insurers and banks
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| domain | founded_year | HQ Location |
Insurance processes are automated through AI-based digital coworkers.
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| domain | founded_year | HQ Location |
Data and pricing solutions are provided to insurers and brokers.
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| domain | founded_year | HQ Location |
Temperature monitoring solutions are delivered through a cloud-based platform.
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| domain | founded_year | HQ Location |
AI-based data analytics solutions for the commercial insurance and banking sectors
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Insurely
Frequently Asked Questions about Insurely
When was Insurely founded?
Insurely was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Insurely located?
Insurely is headquartered in Stockholm, Sweden.
Who is the current CEO of Insurely?
Martin J Gylfe is the current CEO of Insurely. They have also founded this company.
Is Insurely a funded company?
Insurely is a funded company, having raised a total of $20.69M across 2 funding rounds to date. The company's 1st funding round was a Series A of $20.69M, raised on Mar 09, 2022.
What does Insurely do?
Insurely is engaged in providing real-time access to insurance, pension, investment, and loan data. Solutions are offered for industries such as banking and insurance, focusing on open finance ecosystems. Data-driven insights and personalized customer experiences are facilitated through APIs and pre-built interfaces. Collaboration and innovation are emphasized to enhance transparency and trust in financial interactions. Sectors served include insurance technology and banking technology, with use cases like quoting, onboarding, and pension transfers being supported.
Who are the top competitors of Insurely?
Insurely's top competitors include Roots Automation, Earnix and Percayso Inform.
What products or services does Insurely offer?
Insurely offers Insurance Data Access, Pension Data Access, and Investment Data Access.
Who are Insurely's investors?
Insurely has 8 investors. Key investors include CNI Nordic, Opera Tech Ventures, Insight Partners, SEB Venture Capital, and Alfvén & Didrikson.