About Insurify
Insurify is a company based in Cambridge (United States) founded in 2013 by Giorgos Zacharia and Snejina Zacharia.. Insurify has raised $154.13 million across 6 funding rounds from investors including Nationwide, Nationwide and Hearst. Insurify has completed 1 acquisition, including Compare.com. Insurify offers products and services including Insurance Quote Platform and Agent Assistance Service. Insurify operates in a competitive market with competitors including NerdWallet, SelectQuote, EverQuote, Jerry and The Zebra, among others.
- Headquarter Cambridge, United States
- Founders Giorgos Zacharia, Snejina Zacharia
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Phone
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Website
*********
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Social
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- Legal Name Insurify
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$154.13 M (USD)
in 6 rounds
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Latest Funding Round
$22.45 M (USD), Series B
Apr 25, 2023
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Investors
Nationwide
& 10 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Insurify
Insurify offers a comprehensive portfolio of products and services, including Insurance Quote Platform and Agent Assistance 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.
Tool for real-time insurance quote comparisons and purchases.
Provides expert advice on insurance policies and coverage options.
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Funding Insights of Insurify
Insurify has successfully raised a total of $154.13M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $22.45 million completed in April 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 6
- Last Round Series B — $22.4M
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First Round
First Round
(06 Feb 2015)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2023 | Amount | Series B - Insurify | Valuation |
investors |
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| Sep, 2021 | Amount | Series B - Insurify | Valuation | Motive Partners | |
| Nov, 2019 | Amount | Series A - Insurify | Valuation | MTech Capital , Viola FinTech |
| 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 Insurify
Insurify has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Nationwide, Nationwide and Hearst. 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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Private equity investments in financial services sector are facilitated.
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Founded Year | Domain | Location | |
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Corporate-backed venture capital fund
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Founded Year | Domain | Location | |
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Investments are directed by Moneta toward data science technology startups.
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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 Insurify
Insurify has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Compare.com. 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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Online insurance comparison platform for individuals
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2013 |
| 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 - Insurify
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Insurify Comparisons
Competitors of Insurify
Insurify 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 NerdWallet, SelectQuote, EverQuote, Jerry and The Zebra, 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 |
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| domain | founded_year | HQ Location |
App-based comparison platform for financial products
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| domain | founded_year | HQ Location |
Online comparisons of life insurance quotes are facilitated for individuals.
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| domain | founded_year | HQ Location |
Online comparison platform for automotive & other insurances
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| domain | founded_year | HQ Location |
AI-powered car insurance comparison platform
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| domain | founded_year | HQ Location |
An online platform for comparing insurance quotes is operated.
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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 Insurify
Frequently Asked Questions about Insurify
When was Insurify founded?
Insurify was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Insurify located?
Insurify is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of Insurify?
Giorgos Zacharia is the current CEO of Insurify. They have also founded this company.
Is Insurify a funded company?
Insurify is a funded company, having raised a total of $154.13M across 6 funding rounds to date. The company's 1st funding round was a Series A of $23.03M, raised on Feb 06, 2015.
What does Insurify do?
Insurify was founded in 2013 and is headquartered in Cambridge, United States. An online platform is operated for comparing insurance quotes, primarily focused on car coverage but extending to accident protection, home insurance, vehicle repairs, property damage, life insurance, and additional options. Claim assistance services are provided to support users in the insurance sector.
Who are the top competitors of Insurify?
Insurify's top competitors include NerdWallet, SelectQuote and Way.
What products or services does Insurify offer?
Insurify offers Insurance Quote Platform and Agent Assistance Service.
How many acquisitions has Insurify made?
Insurify has made 1 acquisition, including Compare.com.
Who are Insurify's investors?
Insurify has 11 investors. Key investors include Nationwide, Nationwide, Hearst, Motive Partners, and MassMutual Ventures.
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