About InsureZone
InsureZone is a company based in Fort Worth (United States) founded in 1999.. InsureZone has raised $8.2 million across 1 funding round from investors including Buena Venture Associates. The company has 82 employees as of March 28, 2024. InsureZone has completed 1 acquisition, including MSI Group. InsureZone operates in a competitive market with competitors including Covr, Optalitix, WeGroup, FairDee and Renaissance insurance, among others.
- Headquarter Fort Worth, United States
- Employees 82 as on 28 Mar, 2024
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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 Insurezone, Inc.
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$2.54 M (USD)83.4as on Mar 31, 2023
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Net Profit
$264.56 K (USD)200.9as on Mar 31, 2023
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EBITDA
$524.72 K (USD)289.19as on Mar 31, 2023
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Total Equity Funding
$8.2 M (USD)
in 1 rounds
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Latest Funding Round
$8.2 M (USD), Series A
Jun 05, 2001
- Investors
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Employee Count
82
as on Mar 28, 2024
- Investments & Acquisitions
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Funding Insights of InsureZone
InsureZone has successfully raised a total of $8.2M through 1 strategic funding round. The most recent funding activity was a Series A round of $8.2 million completed in June 2001. 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 Series A — $8.2M
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First Round
First Round
(05 Jun 2001)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2001 | Amount | Series A - InsureZone | Valuation |
investors |
| 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 InsureZone
InsureZone has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Buena Venture Associates. 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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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 InsureZone
InsureZone has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include MSI Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Insurance brokerage services are provided by MSI Group.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - InsureZone
| 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 |
Insurezone Comparisons
Competitors of InsureZone
InsureZone 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 Covr, Optalitix, WeGroup, FairDee and Renaissance insurance, 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 & cloud-based insurance quoting solutions for the insurance industry
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| domain | founded_year | HQ Location |
AI consulting and data analytics services are offered to businesses.
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| domain | founded_year | HQ Location |
Insurance quoting software with virtual assistant features is provided.
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| domain | founded_year | HQ Location |
Provider of insurance quoting software
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| domain | founded_year | HQ Location |
Diversified insurance services are offered by Renaissance Insurance in Russia.
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| domain | founded_year | HQ Location |
Offers online insurance for vehicles, homes, motorcycles, and health coverage.
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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 Insurezone
Frequently Asked Questions about InsureZone
When was InsureZone founded?
InsureZone was founded in 1999 and raised its 1st funding round 2 years after it was founded.
Where is InsureZone located?
InsureZone is headquartered in Fort Worth, United States. It is registered at Fort Worth, Texas, United States.
Is InsureZone a funded company?
InsureZone is a funded company, having raised a total of $8.2M across 1 funding round to date. The company's 1st funding round was a Series A of $8.2M, raised on Jun 05, 2001.
How many employees does InsureZone have?
As of Mar 28, 2024, the latest employee count at InsureZone is 82.
What is the annual revenue of InsureZone?
Annual revenue of InsureZone is $2.54M as on Mar 31, 2023.
What does InsureZone do?
InsureZone provides insurance quoting platform and tools to agents and brokers that allows online submissions and real-time rating for personal, commercial and surplus lines. It offers various insurance solutions such as AgentSecure, a wholesaler that provides access to national and regional carriers; InsureZone Direct, a retail network of exclusive agents; InsureZone Tech, provider of proprietary products to over 25,000 agencies; InsureRater, a self-service comparative rater for personal and commercial lines etc.
Who are the top competitors of InsureZone?
InsureZone's top competitors include Optalitix, Covr and WatchTower.
How many acquisitions has InsureZone made?
InsureZone has made 1 acquisition, including MSI Group.
Who are InsureZone's investors?
InsureZone has 1 investor. Key investors include Buena Venture Associates.
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