About Policygenius
Policygenius is a company based in New York (United States) founded in 2014 by Jennifer Fitzgerald was acquired by Zinnia in April 2023.. Policygenius has raised $287.72 million across 6 funding rounds from investors including iA Financial Group, KKR and Pacific Life. The company has 406 employees as of December 31, 2022. Policygenius offers products and services including Policy Submission Service and Contact Support. Policygenius operates in a competitive market with competitors including NerdWallet, Insurify, SelectQuote, EverQuote and The Zebra, among others.
- Headquarter New York, United States
- Employees 406 as on 31 Dec, 2022
- Founders Jennifer Fitzgerald
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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 Policygenius, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$287.72 M (USD)
in 6 rounds
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Latest Funding Round
$125 M (USD), Series E
Mar 17, 2022
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Investors
iA Financial Group
& 14 more
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Employee Count
406
as on Dec 31, 2022
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Acquired by
Zinnia
(Apr 25, 2023)
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Products & Services of Policygenius
Policygenius offers a comprehensive portfolio of products and services, including Policy Submission Service and Contact Support. 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.
Service for handling policy inquiries with EU/UK restrictions.
Platform for user questions and error resolutions via email and phone.
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Software Development Team
72 people
Product Management Team
38 people
Leadership Team
10 people
Finance and Accounting
8 people
Creative and Marketing Team
7 people
Legal and Compliance
4 people
Head Team
3 people
Human Resources and Administration
2 people
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Funding Insights of Policygenius
Policygenius has successfully raised a total of $287.72M across 6 strategic funding rounds. The most recent funding activity was a Series E round of $125 million completed in March 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 6
- Last Round Series E — $125.0M
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First Round
First Round
(17 Jul 2014)
- Investors Count 14
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series E - Policygenius | Valuation | KKR , Norwest Venture Partners | |
| Jan, 2020 | Amount | Series D - Policygenius | Valuation | KKR | |
| May, 2017 | Amount | Series C - Policygenius | Valuation | Norwest Venture Partners |
| 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 Policygenius
Policygenius has secured backing from 15 investors, including venture fund and institutional investors. Prominent investors backing the company include iA Financial Group, KKR and Pacific Life. 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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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Revolution is recognized as a D.C.-based investment firm.
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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 Policygenius
| 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 - Policygenius
| 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 |
Policygenius Comparisons
Competitors of Policygenius
Policygenius 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 |
|---|---|---|---|---|
| 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 Policygenius
Frequently Asked Questions about Policygenius
When was Policygenius founded?
Policygenius was founded in 2014.
Where is Policygenius located?
Policygenius is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Policygenius?
Jennifer Fitzgerald is the current CEO of Policygenius. They have also founded this company.
Is Policygenius a funded company?
Policygenius is a funded company, having raised a total of $287.72M across 6 funding rounds to date. The company's 1st funding round was a Series C of $30M, raised on Jul 17, 2014.
How many employees does Policygenius have?
As of Dec 31, 2022, the latest employee count at Policygenius is 406.
What does Policygenius do?
Policygenius was founded in 2014 in New York, United States, as an app-based platform in the insurance sector. Quotes for life, disability, pet, and renters insurance are provided, along with other coverage options. Advisory services are offered for loans, investments, banking, taxes, wills, and related financial matters. Operations focus on facilitating comparisons for individual users across the United States.
Who are the top competitors of Policygenius?
Policygenius's top competitors include NerdWallet, Insurify and SelectQuote.
What products or services does Policygenius offer?
Policygenius offers Policy Submission Service and Contact Support.
Who are Policygenius's investors?
Policygenius has 15 investors. Key investors include iA Financial Group, KKR, Pacific Life, Global Atlantic, and Brighthouse Financial.