About LuckyTruck
LuckyTruck is a company based in Cincinnati (United States) founded in 2019.. LuckyTruck has raised $2.4 million across 2 funding rounds from investors including SiriusPoint, Candid Insurance Investors and Draper University. The company has 23 employees as of December 31, 2021. LuckyTruck offers products and services including Insurance Platform, Auto Liability, Physical Damage, Motor Truck Cargo, and General Liability. LuckyTruck operates in a competitive market with competitors including Jerry, AutoComplete, QuoteLab, MassDrive and MagicQuote, among others.
- Headquarter Cincinnati, United States
- Employees 23 as on 31 Dec, 2021
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Luckytruck, 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
$2.4 M (USD)
in 2 rounds
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Latest Funding Round
$2.4 M (USD), Seed
Oct 20, 2022
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Investors
SiriusPoint
& 3 more
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Employee Count
23
as on Dec 31, 2021
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Products & Services of LuckyTruck
LuckyTruck offers a comprehensive portfolio of products and services, including Insurance Platform, Auto Liability, Physical Damage, Motor Truck Cargo, and General Liability. 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.
Online system for instant trucking insurance quotes and purchases
Coverage for liabilities related to trucking accidents
Protection against damage to trucks and cargo
Insurance for cargo transported by trucks
General coverage for business operations in trucking
Compensation insurance for trucking employees
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Funding Insights of LuckyTruck
LuckyTruck has successfully raised a total of $2.4M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.4 million completed in October 2022. 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 Seed — $2.4M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Seed - LuckyTruck | Valuation | Candid Insurance Investors | |
| Dec, 2021 | Amount | Seed - LuckyTruck | Valuation | SiriusPoint |
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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 LuckyTruck
LuckyTruck has secured backing from 4 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include SiriusPoint, Candid Insurance Investors and Draper University. 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 | |
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Entrepreneurship education programs for ages 18-28 are provided.
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Founded Year | Domain | Location | |
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Diversified insurance and reinsurance services are provided globally from Bermuda.
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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 LuckyTruck
| 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 - LuckyTruck
| 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 |
Luckytruck Comparisons
Competitors of LuckyTruck
LuckyTruck 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 Jerry, AutoComplete, QuoteLab, MassDrive and MagicQuote, 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-powered car insurance comparison platform
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| domain | founded_year | HQ Location |
Car insurance quotes and offers are provided via AI platform.
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| domain | founded_year | HQ Location |
Auto insurance policies are compared online for consumers by QuoteLab.
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| domain | founded_year | HQ Location |
Auto Insurance quotes provider platform
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| domain | founded_year | HQ Location |
MagicQuote operates as an auto insurance comparison platform.
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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 Luckytruck
Frequently Asked Questions about LuckyTruck
When was LuckyTruck founded?
LuckyTruck was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is LuckyTruck located?
LuckyTruck is headquartered in Cincinnati, United States. It is registered at Cincinnati, Ohio, United States.
Who is the current CEO of LuckyTruck?
Julie Zimmer is the current CEO of LuckyTruck.
Is LuckyTruck a funded company?
LuckyTruck is a funded company, having raised a total of $2.4M across 2 funding rounds to date.
How many employees does LuckyTruck have?
As of Dec 31, 2021, the latest employee count at LuckyTruck is 23.
What does LuckyTruck do?
LuckyTruck was founded in 2019 in Cincinnati, United States. An online platform is maintained for delivering quotes on commercial truck insurance. Policies for trucking operations can be purchased, sold, and overseen through the system. A unified dashboard is utilized by users to administer insurance coverage. Operations center on the insurance sector, with services targeted at commercial trucking needs in the United States.
Who are the top competitors of LuckyTruck?
What products or services does LuckyTruck offer?
LuckyTruck offers Insurance Platform, Auto Liability, Physical Damage, Motor Truck Cargo, and 2 more products and services.
Who are LuckyTruck's investors?
LuckyTruck has 4 investors. Key investors include SiriusPoint, Candid Insurance Investors, Draper University, and Parker Beauchamp.