About Optiom
Optiom is a company based in Calgary (Canada) founded in 2004 was acquired by Aviva in November 2023.. Optiom offers products and services including Car Replacement Insurance. Optiom operates in a competitive market with competitors including IMS, Webfleet, Kingsway Financial Services, Raven Connected and Intelligent Mechatronic Systems, among others.
- Headquarter Calgary, Canada
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Sectors
Transportation, Automotive & LogisticsFinancial 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 Optiom Inc.
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Products & Services of Optiom
Optiom offers a comprehensive portfolio of products and services, including Car Replacement 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.
Offers funds for new vehicle if primary insurance writes off yours due to total loss.
Funding Insights of Optiom
| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Optiom
Optiom has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Aviva and NovaCap. 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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Acquisitions are targeted by Novacap, a private equity firm.
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Insurance and asset management services are offered in multiple regions.
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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 Optiom
| 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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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Optiom
| 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 |
Optiom Comparisons
Competitors of Optiom
Optiom 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 IMS, Webfleet, Kingsway Financial Services, Raven Connected and Intelligent Mechatronic Systems, 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 |
Usage-based insurance solutions for connected vehicles are offered by IMS.
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Provides cloud-based fleet management software solutions.
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Holding company focused on extended warranty, asset management and real estate industries
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IoT-enabled vehicle tracking and driver monitoring solutions are provided.
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Telematics solutions for insurance and connected car services are provided.
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Provider of AI & web-based fleet management solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Optiom
Frequently Asked Questions about Optiom
When was Optiom founded?
Optiom was founded in 2004.
Where is Optiom located?
Optiom is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Who is the current CEO of Optiom?
Robert Jack is the current CEO of Optiom.
What does Optiom do?
Optiom provider of vehicle replacement insurance services, focusing on offering financial products and advice, insurance carriers, property casualty, and auto. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Optiom?
Optiom's top competitors include IMS, Kingsway Financial Services and Raven Connected.
What products or services does Optiom offer?
Optiom offers Car Replacement Insurance.