About Navacord
Navacord is a company based in Mississauga (Canada) founded in 2014 by Shawn DeSantis and T Marshall Sadd was acquired by MDP in July 2018.. Navacord has completed 21 acquisitions, including Belay Advisory, Benemax and Binks Commercial Insurance. Navacord offers products and services including Commercial Insurance and Benefits and Retirement.
- Headquarter Mississauga, Canada
- Founders Shawn DeSantis, T Marshall Sadd
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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
*********
- Legal Name Navacord Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$833.37 M (USD), Debt – Conventional
Mar 30, 2021
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Belay Advisory
& 20 more
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Acquired by
MDP
(Jul 04, 2018)
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Products & Services of Navacord
Navacord offers a comprehensive portfolio of products and services, including Commercial Insurance and Benefits and Retirement. 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.
Commercial insurance is provided to sectors like construction and hospitality, where expertise and resources are utilized to assist broker partners.
Benefits and retirement solutions are delivered by Navacord to enable innovative packages that differentiate broker partners in the market.
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Funding Insights of Navacord
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $833.4M
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First Round
First Round
(30 Mar 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Debt – Conventional - Navacord | Valuation |
investors |
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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 Navacord
Navacord has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Madison Dearborn 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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Private equity investments are directed toward key sectors by MDP.
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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 Navacord
Navacord has strategically engaged in corporate development activities, having acquired 21 companies. Notable acquisitions include Belay Advisory, Benemax and Binks Commercial Insurance. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Insurance brokerage and risk management services are provided to clients.
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2016 | ||||
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Online health insurance comparisons are provided for individuals and businesses.
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2012 | ||||
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Marine insurance brokerage providing insurance for recreational boaters, commercial vessel owners, and marina operators
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Navacord
| 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 |
Navacord Comparisons
Competitors of Navacord
| 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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Frequently Asked Questions about Navacord
When was Navacord founded?
Navacord was founded in 2014 and raised its 1st funding round 7 years after it was founded.
Where is Navacord located?
Navacord is headquartered in Mississauga, Canada. It is registered at Mississauga, Ontario, Canada.
Who is the current CEO of Navacord?
Shawn DeSantis is the current CEO of Navacord. They have also founded this company.
What does Navacord do?
Navacord offers Commercial Insurance, Benefits and Retirement while focusing on offering financial products and advice, insurance distribution, and diversified. Insurance broker. Delivering reliable solutions, it emphasizes quality, efficiency, and meeting diverse client needs. It continues to evolve, meeting industry challenges with strategic approaches.
What products or services does Navacord offer?
Navacord offers Commercial Insurance and Benefits and Retirement.
How many acquisitions has Navacord made?
Navacord has made 21 acquisitions, including Belay Advisory, Benemax, and Binks Commercial Insurance.
Who are Navacord's investors?
Navacord has 1 investor. Key investors include Madison Dearborn Partners.