About MedMal Direct Insurance Company
MedMal Direct Insurance Company is a company based in Jacksonville (United States) founded in 2010 was acquired by Integrisgrp in October 2023.. MedMal Direct Insurance Company has raised $10 million across 1 funding round from investors including Compre Group and Integris Group. MedMal Direct Insurance Company offers products and services including Medical Professional Liability Coverage and DirectTail Personal & Commercial Coverage. MedMal Direct Insurance Company operates in a competitive market with competitors including NORCAL Group, ROYAL CHARTERED INSURANC, BETA Healthcare Group, Preferred Physicians Medical and Ritman & Associates, among others.
- Headquarter Jacksonville, United States
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Medmal Direct Insurance Company
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$10 M (USD)
in 1 rounds
-
Latest Funding Round
$10 M (USD), Series B
Dec 01, 2015
-
Investors
Compre Group
& 1 more
-
Employee Count
Employee Count
- Acquired by
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 MedMal Direct Insurance Company
MedMal Direct Insurance Company offers a comprehensive portfolio of products and services, including Medical Professional Liability Coverage and DirectTail Personal & Commercial Coverage. 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.
Provides liability protection for medical professionals against malpractice claims.
Offers tailored insurance for personal and business medical risks.
Funding Insights of MedMal Direct Insurance Company
MedMal Direct Insurance Company has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Series B round of $10 million completed in December 2015. 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 B — $10.0M
-
First Round
First Round
(01 Dec 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2015 | Amount | Series B - MedMal Direct Insurance Company | Valuation |
investors |
|
| 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 MedMal Direct Insurance Company
MedMal Direct Insurance Company has secured backing from 2 investors. Prominent investors backing the company include Compre Group and Integris Group. 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 |
|---|---|---|---|---|
|
Capital and liability solutions are provided for legacy insurance portfolios.
|
Founded Year | Domain | Location | |
|
Medical liability insurance is provided by Integris Group.
|
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 MedMal Direct Insurance Company
| 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 |
Financial Statements - MedMal Direct Insurance Company
| 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 |
Medmal Direct Insurance Company Comparisons
Competitors of MedMal Direct Insurance Company
MedMal Direct Insurance Company 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 NORCAL Group, ROYAL CHARTERED INSURANC, BETA Healthcare Group, Preferred Physicians Medical and Ritman & Associates, 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 |
Insurance brokerage services are offered by NORCAL Group.
|
|
| domain | founded_year | HQ Location |
Provider of business insurance services
|
|
| domain | founded_year | HQ Location |
Provides liability insurance and credentialing services for healthcare.
|
|
| domain | founded_year | HQ Location |
Liability insurance is offered to medical professionals.
|
|
| domain | founded_year | HQ Location |
Professional liability insurance is provided by Ritman & Associates.
|
| 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 Medmal Direct Insurance Company
Frequently Asked Questions about MedMal Direct Insurance Company
When was MedMal Direct Insurance Company founded?
MedMal Direct Insurance Company was founded in 2010 and raised its 1st funding round 5 years after it was founded.
Where is MedMal Direct Insurance Company located?
MedMal Direct Insurance Company is headquartered in Jacksonville, United States.
Is MedMal Direct Insurance Company a funded company?
MedMal Direct Insurance Company is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Series B of $10M, raised on Dec 01, 2015.
What does MedMal Direct Insurance Company do?
MedMal Direct Insurance Company was established in 2010 and is based in Jacksonville, United States. Coverage for medical malpractice risks is provided to physicians and other healthcare providers through the insurance sector. Operations emphasize direct policies tailored to clinical practices, with services focused on liability protection across the United States. The company handles claims and underwriting in this specialized field.
Who are the top competitors of MedMal Direct Insurance Company?
MedMal Direct Insurance Company's top competitors include NORCAL Group, Ritman & Associates and Preferred Physicians Medical.
What products or services does MedMal Direct Insurance Company offer?
MedMal Direct Insurance Company offers Medical Professional Liability Coverage and DirectTail Personal & Commercial Coverage.
Who are MedMal Direct Insurance Company's investors?
MedMal Direct Insurance Company has 2 investors. Key investors include Compre Group, and Integris Group.