About Plover Parametrics
Plover Parametrics is a Financial Services company based in San Francisco (United States) founded in 2022 by Max Clarke, Tommy Peeples, and Ranajay Sen. A cloud-based platform is offered for parametric insurance solutions. Plover Parametrics has raised $4.83 million across 3 funding rounds from investors including Y Combinator. The company has 6 employees. Its chief executive, as recorded, is Max Clarke. Plover Parametrics offers products and services including Risk Scenario Analysis and Parametric Solutions. Its focus areas include FinTech, Internet First Insurance Platforms, Internet First Insurers and P&C. Its legal entity is PLOVER PARAMETRICS INC. Its competitors include Spot, Sensible Weather and Arbol; 3 of its 3 listed competitors have raised funding.
Company details
Plover Parametrics was founded in 2022 and is headquartered in San Francisco, United States. The company operates in the insurtech sector, providing a cloud-based platform tailored for parametric insurance. Solutions are delivered for data infrastructure, claims administration, cost management, and related functions. Data tools are also supplied to support parametric insurance products across various applications.
- Headquarters San Francisco, United States
- Employees 6
- Founders Max Clarke, Tommy Peeples, Ranajay Sen
- SectorsFinancial Services
- Website plover.insure
- Legal Name Plover Parametrics Inc
- Total Equity Funding$4.83M (USD)
in 3 rounds
- Investors
- Employee Count6
Products & Services of Plover Parametrics
Plover Parametrics offers a comprehensive portfolio of products and services, including Risk Scenario Analysis and Parametric Solutions.
Software for backtesting insurance risks and exposures.
Platform for quantifying and recommending insurance products.
Funding Insights of Plover Parametrics
Plover Parametrics has successfully raised a total of $4.83M across 3 strategic funding rounds. 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 $4.83M
- Total Rounds 3
- First Round $125,000
(Mar 2022)
- Investors Count 1
All 3 funding rounds of Plover Parametrics with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2024 | Series B | – | – | – | |
| Apr 2022 | $4.7M | Series A | – | – | – |
| Mar 2022 | $125,000 | Seed | – | Y Combinator | – |
1 investors in total: 1 institutional.
Investors in Plover Parametrics
Plover Parametrics has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States |
Investor details for Plover Parametrics
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People of Plover Parametrics
3 people are tracked at Plover Parametrics (3 in leadership); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
Max Clarke | Co-Founder & CEO | Leadership |
Tommy Peeples | Co-Founder | Leadership |
Ranajay Sen | Co-Founder | Leadership |
Complete people profiles for Plover Parametrics
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Timeline of Plover Parametrics
3 dated milestones of Plover Parametrics across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Plover Parametrics is founded.
- Funding First funding round of $125K.
- Funding Latest funding round, Series B,.
Competitors of Plover Parametrics
Plover Parametrics has 3 listed competitors in our database, 3 of them funded. They include Spot, Sensible Weather and Arbol.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| getspot.com | 2017 | Austin, United States | $47.68M | 38 | On-demand injury insurance is provided for high-risk sports participants. | |
| sensibleweather.com | 2019 | Santa Monica, United States | $16M | Provider of weather guarantees for travel and outdoor experiences. It offers proactive reimbursements to customers if inclement weather disrupts their pre-booked trips or activities. The service integrates directly with various travel and hospitality partners, allowing customers to add a weather guarantee during the booking process. Reimbursements are automated based on weather forecasts, eliminating the need for claims processes. The company covers a range of experiences, including hotels, resorts, camping, golf, skiing, and live events. | ||
| arbol.io | 2018 | New York, United States | $76.19M | Climate risk management solutions are provided through parametric insurance. |
Detailed competitors of Plover Parametrics
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Top companies in Insurance Providers
3 companies that operate in the same segment as Plover Parametrics (Insurance Providers) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of a cloud-based platform for life and P&C insurance | 2015 | New York, New York, United States | USD 644 M | USD 615.2 M | 1,471 | |
Online small business insurance policies are provided. | 2016 | Palo Alto, California, United States | USD 1.12 B | 549 | ||
App-based comparison platform for financial products | 2009 | San Francisco, California, United States | USD 123.3 M | USD 836.6 M | 650 |
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Frequently Asked Questions about Plover Parametrics
Plover Parametrics was founded in 2022.
Plover Parametrics is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Max Clarke is the CEO of Plover Parametrics, as recorded in our data. They have also founded this company.
Plover Parametrics is a funded company, having raised a total of $4.83M across 3 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Mar 2022.
Plover Parametrics has 6 employees.
Plover Parametrics was founded in 2022 and is headquartered in San Francisco, United States. The company operates in the insurtech sector, providing a cloud-based platform tailored for parametric insurance. Solutions are delivered for data infrastructure, claims administration, cost management, and related functions. Data tools are also supplied to support parametric insurance products across various applications.
Plover Parametrics's top competitors include Arbol, Spot and Sensible Weather.
Plover Parametrics offers Risk Scenario Analysis and Parametric Solutions.
Plover Parametrics has 1 investor. Key investors include Y Combinator.
Plover Parametrics operates through Plover Parametrics Inc.