About Munich General Insurance Services
Munich General Insurance Services is a company based in Munchen (Germany) founded in 2014 by Manuel Stroh was acquired by Degussa Bank in February 2019.. Munich General Insurance Services operates in a competitive market with competitors including Earnix, Zoral Labs and FRIDA - Free Insurance Data Initiative, among others.
- Headquarter Munchen, Germany
- Founders Manuel Stroh
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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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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Degussa Bank
(Feb 26, 2019)
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Funding Insights of Munich General Insurance Services
| 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 |
investors |
Investors in Munich General Insurance Services
Munich General Insurance Services has secured backing from 1 investor. Prominent investors backing the company include Degussa Bank. 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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Commercial Bank
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Munich General Insurance Services
| 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 - Munich General Insurance Services
| 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 |
Munich General Insurance Services Comparisons
Competitors of Munich General Insurance Services
Munich General Insurance Services 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 Earnix, Zoral Labs and FRIDA - Free Insurance Data Initiative, 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 |
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| domain | founded_year | HQ Location |
AI based marketing analytics and data monitoring solutions for insurers and banks
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| domain | founded_year | HQ Location |
Provides AI-driven automation for banking, finance, and mortgage processes globally.
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| domain | founded_year | HQ Location |
Non-profit organization standardizing APIs for insurance data sharing and digital ecosystems.
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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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Latest news on Munich General Insurance Services
Frequently Asked Questions about Munich General Insurance Services
When was Munich General Insurance Services founded?
Munich General Insurance Services was founded in 2014.
Where is Munich General Insurance Services located?
Munich General Insurance Services is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Who is the current CEO of Munich General Insurance Services?
Manuel Stroh is the current CEO of Munich General Insurance Services. They have also founded this company.
What does Munich General Insurance Services do?
Munich General Insurance Services was founded in 2014 in Munich, Germany. Operations focus on the insurance technology sector, where data management, project management, and application development solutions are delivered to insurers and brokers. Key products include MGIS data for sorting information, MGIS API for data transfer, MGIS portals for distribution, and MGIS Optimization for streamlining offer processes. The company supports monitoring and optimization needs across the insurance industry.
Who are the top competitors of Munich General Insurance Services?
Munich General Insurance Services's top competitors include Earnix, Zoral Labs and FRIDA - Free Insurance Data Initiative.
Who are Munich General Insurance Services's investors?
Munich General Insurance Services has 1 investor. Key investors include Degussa Bank.