About Iprism
Iprism is a company based in London (United Kingdom) founded in 2006.. Iprism has raised $11.92 million across 3 funding rounds from investors including Bowmark Capital, NatWest Group and Magenta Partners. The company has 42 employees as of June 30, 2021. Iprism has completed 2 acquisitions, including Metier Trading and SK Underwriting. Iprism offers products and services including Commercial Insurance, Contractors Combined, Residential Property Insurance, and Private Clients Insurance. Iprism operates in a competitive market with competitors including Wefox, Keystone Agency Partners, Agentero, Zywave and Stubben Edge, among others.
- Headquarter London, United Kingdom
- Employees 42 as on 30 Jun, 2021
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
- Legal Name Iprism Underwriting Agency Limited
- Date of Incorporation 26 Oct, 2005
- Jurisdiction LONDON, UNITED KINGDOM
-
Annual Revenue
$12.56 M (USD)15as on Jun 30, 2022
-
Net Profit
$31.46 K (USD)-94as on Dec 31, 2018
-
EBITDA
-
Total Equity Funding
$11.92 M (USD)
in 3 rounds
-
Latest Funding Round
-
Investors
Bowmark Capital
& 2 more
-
Employee Count
42
as on Jun 30, 2021
-
Investments & Acquisitions
Metier Trading
& 1 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Iprism
Iprism offers a comprehensive portfolio of products and services, including Commercial Insurance, Contractors Combined, Residential Property Insurance, and Private Clients Insurance. 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.
Underwriting for commercial tradesman and contractors
Combined insurance solutions for contractors
Coverage for property owners and unoccupied properties
Insurance for high-value homes and personal assets
Funding Insights of Iprism
Iprism has successfully raised a total of $11.92M across 3 strategic funding rounds. 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 3
- Last Round Last Round
-
First Round
First Round
(18 Nov 2010)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2014 | Amount | Private Equity Round - Iprism | Valuation |
investors |
|
| Dec, 2012 | Amount | Debt – Conventional - Iprism | Valuation |
investors |
|
| Nov, 2010 | Amount | Series B - Iprism | Valuation | Magenta Partners |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Iprism
Iprism has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Bowmark Capital, NatWest Group and Magenta 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 |
|---|---|---|---|---|
|
Private equity investments in services and technology sectors, focusing on growth companies.
|
Founded Year | Domain | Location | |
|
Magenta Partners is engaged in providing equity investments for growth businesses.
|
Founded Year | Domain | Location | |
|
NatWest Group is recognized as a UK-focused banking institution.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Iprism
Iprism has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Metier Trading and SK Underwriting. 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 |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Insurance underwriting solutions are provided to clients worldwide.
|
2011 | ||||
|
Commercial insurance brokerage services are provided for niche sectors.
|
1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Iprism
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Iprism Comparisons
Competitors of Iprism
Iprism 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
|
|
| domain | founded_year | HQ Location |
Insurance agency management solutions are provided to the industry.
|
|
| domain | founded_year | HQ Location |
App-based management solutions for insurance agents are offered.
|
|
| domain | founded_year | HQ Location |
Cloud-based agency management solutions are provided for the insurance industry.
|
|
| domain | founded_year | HQ Location |
Cloud-based management solutions are provided for insurance brokers.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Iprism
Frequently Asked Questions about Iprism
When was Iprism founded?
Iprism was founded in 2006 and raised its 1st funding round 4 years after it was founded.
Where is Iprism located?
Iprism is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Iprism a funded company?
Iprism is a funded company, having raised a total of $11.92M across 3 funding rounds to date. The company's 1st funding round was a Series B of $11.92M, raised on Nov 18, 2010.
How many employees does Iprism have?
As of Jun 30, 2021, the latest employee count at Iprism is 42.
What is the annual revenue of Iprism?
Annual revenue of Iprism is $12.56M as on Jun 30, 2022.
What does Iprism do?
Founded in 2006 and based in London, United Kingdom, iprism operates in the insurance technology sector. Standardized commercial and high-net-worth policies are accessed online by brokers through its proprietary trading platform. Price and coverage comparisons are facilitated, along with policy execution. Quotes and documentation are generated in real time to support efficient price testing and purchases for small and medium enterprises.
Who are the top competitors of Iprism?
Iprism's top competitors include Wefox, Stubben Edge and Agentero.
What products or services does Iprism offer?
Iprism offers Commercial Insurance, Contractors Combined, Residential Property Insurance, and Private Clients Insurance.
How many acquisitions has Iprism made?
Iprism has made 2 acquisitions, including Metier Trading, and SK Underwriting.
Who are Iprism's investors?
Iprism has 3 investors. Key investors include Bowmark Capital, NatWest Group, and Magenta Partners.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.