About Mylo
Mylo is a company based in Kansas City (United States) founded in 2015. It operates as a Brokerage / Intermediation. Mylo has raised $43 million across 3 funding rounds from investors including Guggenheim Partners. Mylo offers products and services including Business Insurance, Home and Auto Insurance, Health Insurance, and Life Insurance. Mylo operates in a competitive market with competitors including NerdWallet, Insurify, SelectQuote, EverQuote and The Zebra, among others.
- Headquarter Kansas City, 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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- Legal Name Mylo, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$43 M (USD)
in 3 rounds
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Latest Funding Round
$4 M (USD), Series A
Jul 15, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of Mylo
Mylo offers a comprehensive portfolio of products and services, including Business Insurance, Home and Auto Insurance, Health Insurance, and Life Insurance. 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.
Coverage for businesses against various operational risks provided.
Protection for personal property and vehicles is offered.
Medical, dental, and vision coverage plans are provided.
Financial security for dependents through policies is ensured.
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Funding Insights of Mylo
Mylo has successfully raised a total of $43M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in July 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 3
- Last Round Series A — $4.0M
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First Round
First Round
(17 Dec 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series A - Mylo | Valuation |
investors |
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| Nov, 2020 | Amount | Series A - Mylo | Valuation |
investors |
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| Dec, 2018 | Amount | Series A - Mylo | Valuation | Guggenheim Partners |
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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 Mylo
Mylo has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Guggenheim Partners. 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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Asset management and investment advisory services are provided to clients.
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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 Mylo
| 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 - Mylo
| 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 |
Mylo Comparisons
Competitors of Mylo
Mylo 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 NerdWallet, Insurify, SelectQuote, EverQuote and The Zebra, 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 |
App-based comparison platform for financial products
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| domain | founded_year | HQ Location |
Car insurance quotes are compared via an online platform.
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| domain | founded_year | HQ Location |
Online comparisons of life insurance quotes are facilitated for individuals.
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| domain | founded_year | HQ Location |
Online comparison platform for automotive & other insurances
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| domain | founded_year | HQ Location |
An online platform for comparing insurance quotes is operated.
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| domain | founded_year | HQ Location |
Online insurance comparison platform
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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 Mylo
Frequently Asked Questions about Mylo
When was Mylo founded?
Mylo was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Mylo located?
Mylo is headquartered in Kansas City, United States. It is registered at Kansas City, Missouri, United States.
Is Mylo a funded company?
Mylo is a funded company, having raised a total of $43M across 3 funding rounds to date. The company's 1st funding round was a Series A of $28M, raised on Dec 17, 2018.
What does Mylo do?
Mylo is established as a digital insurance platform offering expert solutions for business, home, auto, health, and life insurance. Coverage is provided through a recommendation engine that matches client needs with policies from over 100 top carriers. Services are extended across various sectors including personal and commercial insurance. The platform is supported by over 50 years of expertise, ensuring confidence in coverage selection. Shopping for insurance is made smarter, faster, and easier with no additional charge to clients.
Who are the top competitors of Mylo?
Mylo's top competitors include NerdWallet, Insurify and SelectQuote.
What products or services does Mylo offer?
Mylo offers Business Insurance, Home and Auto Insurance, Health Insurance, and Life Insurance.
Who are Mylo's investors?
Mylo has 1 investor. Key investors include Guggenheim Partners.