About Layr
Layr is a company based in Atlanta (United States) founded in 2016 by Phillip Naples. It operates as a SaaS (Software-as-a-Service), and InsurTech. Layr has raised $25.2 million across 5 funding rounds from investors including Lloyd’s, Flyover Capital and Hudson Structured Capital Management. Layr offers products and services including Layr Platform. Layr operates in a competitive market with competitors including Next Insurance, Marble, Gabi, Covered and Insureon, among others.
- Headquarter Atlanta, United States
- Founders Phillip Naples
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Layr Holdings, 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
$25.2 M (USD)
in 5 rounds
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Latest Funding Round
$10 M (USD), Series B
Oct 24, 2023
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Investors
Lloyd’s
& 9 more
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Employee Count
Employee Count
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Products & Services of Layr
Layr offers a comprehensive portfolio of products and services, including Layr Platform. 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.
Technology is provided for small commercial insurance management.
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Funding Insights of Layr
Layr has successfully raised a total of $25.2M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in October 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 5
- Last Round Series B — $10.0M
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First Round
First Round
(01 Dec 2018)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series B - Layr | Valuation | Cota Capital | |
| Mar, 2022 | Amount | Series A - Layr | Valuation | Hudson Structured Capital Management | |
| Feb, 2021 | Amount | Seed - Layr | Valuation | BrokerTech Ventures |
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| 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 Layr
Layr has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Lloyd’s, Flyover Capital and Hudson Structured Capital Management. 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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Stage-agnostic venture capital investments are focused on US sectors.
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Founded Year | Domain | Location | |
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Private equity firm focused on making investments in multiple sectors
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Founded Year | Domain | Location | |
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Early-stage US venture capital investments are made by Sandbox Industries.
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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 Layr
| 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 - Layr
| 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 |
Layr Comparisons
Competitors of Layr
Layr 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 Next Insurance, Marble, Gabi, Covered and Insureon, 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 |
Online small business insurance policies are provided.
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| domain | founded_year | HQ Location |
Insurance quotes are compared via a reward-based platform for individuals.
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| domain | founded_year | HQ Location |
Online comparison of property and casualty insurance quotes is facilitated.
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| domain | founded_year | HQ Location |
Insurance comparison platform for home
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| domain | founded_year | HQ Location |
Online quotes for business property and casualty insurance are compared.
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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 Layr
When was Layr founded?
Layr was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Layr located?
Layr is headquartered in Atlanta, United States. It is registered at Atlanta, Georgia, United States.
Who is the current CEO of Layr?
Mark Hara is the current CEO of Layr.
Is Layr a funded company?
Layr is a funded company, having raised a total of $25.2M across 5 funding rounds to date. The company's 1st funding round was a Seed of $50K, raised on Dec 01, 2018.
What does Layr do?
Insurance technology solutions are provided by Layr to streamline small commercial insurance operations. Focus is placed on modernizing policyholder experiences and reducing operational drag for agencies. Support is offered through a scalable platform that enhances efficiency for brokers. The sector targeted includes property and casualty insurance, ensuring happier policyholders and profitable outcomes for brokerages.
Who are the top competitors of Layr?
Layr's top competitors include Next Insurance, Marble and Covered.
What products or services does Layr offer?
Layr offers Layr Platform.
Who are Layr's investors?
Layr has 10 investors. Key investors include Lloyd’s, Flyover Capital, Hudson Structured Capital Management, Cota Capital, and The K Fund.