About Modgic
Modgic is a company based in Solana Beach (United States) founded in 2011 was acquired by Zywave in May 2021.. Modgic offers products and services including Employee Benefits Sales Cloud, Client Cloud, Content Cloud, Analytics Cloud, and Commercial Lines Sales Cloud. Modgic operates in a competitive market with competitors including ReSource Pro, Socotra, FintechOS, Sapiens and Riskcovry, among others.
- Headquarter Solana Beach, United States
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Products & Services of Modgic
Modgic offers a comprehensive portfolio of products and services, including Employee Benefits Sales Cloud, Client Cloud, Content Cloud, Analytics Cloud, and Commercial Lines Sales Cloud. 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.
Streamlines benefits workflows from prospecting to renewals for agencies
Provides tools for client service and resource management in insurance
Delivers educational content for employee benefits and risk engagement
Offers analysis for medical plans and claims to drive value
Manages P&C workflows for prospecting and renewals in agencies
Funding Insights of Modgic
| 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 |
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Investors in Modgic
Modgic has secured backing from 1 investor. Prominent investors backing the company include Zywave. 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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Cloud-based agency management solutions are provided for the insurance industry.
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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 Modgic
| 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 - Modgic
| 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 |
Modgic Comparisons
Competitors of Modgic
Modgic 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 ReSource Pro, Socotra, FintechOS, Sapiens and Riskcovry, 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 policy and claim management solutions for the insurance industry
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| domain | founded_year | HQ Location |
Cloud-based solutions for insurance policy management and underwriting are offered.
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| domain | founded_year | HQ Location |
AI-based software suite is provided for banking and insurance sectors.
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| domain | founded_year | HQ Location |
Insurance policy administration and compliance solutions for the insurance industry
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| domain | founded_year | HQ Location |
A platform for digital insurance distribution and management is provided.
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| domain | founded_year | HQ Location |
Cloud-based policy management and underwriting solutions for insurance are provided.
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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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Frequently Asked Questions about Modgic
When was Modgic founded?
Modgic was founded in 2011.
Where is Modgic located?
Modgic is headquartered in Solana Beach, United States. It is registered at Solana Beach, California, United States.
Who is the current CEO of Modgic?
Scott Knowles is the current CEO of Modgic.
What does Modgic do?
Modgic was founded in 2011 and is headquartered in Solana Beach, United States. A SaaS-based software suite is provided for the insurance sector, with solutions encompassing sales and distribution, underwriting analysis, quoting and binding, reporting, mod calculators, and customer management. Operations focus on streamlining insurance processes through these integrated tools.
Who are the top competitors of Modgic?
What products or services does Modgic offer?
Modgic offers Employee Benefits Sales Cloud, Client Cloud, Content Cloud, Analytics Cloud, and Commercial Lines Sales Cloud.
Who are Modgic's investors?
Modgic has 1 investor. Key investors include Zywave.
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