About Polly
Polly is a company based in Williston (United States) founded in 2015 by Travis Fitzgerald.. Polly has raised $360.03 million across 9 funding rounds from investors including Hudson Structured Capital Management, Goldman Sachs Asset Management and 3L Capital. The company has 208 employees as of December 31, 2021. Polly has completed 1 acquisition, including Brinckerhoff & Neuville. Polly offers products and services including Embedded Insurance Marketplace, Auto Insurance, Home Insurance, and Business Insurance. Polly operates in a competitive market with competitors including Way, Goji, State Auto, AutoGravity and Velox Insurance, among others.
- Headquarter Williston, United States
- Employees 208 as on 31 Dec, 2021
- Founders Travis Fitzgerald
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Dealerpolicy, 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
$360.03 M (USD)
in 9 rounds
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Latest Funding Round
$110 M (USD), Series C
Aug 26, 2021
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Investors
Hudson Structured Capital Management
& 2 more
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Employee Count
208
as on Dec 31, 2021
- Investments & Acquisitions
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Products & Services of Polly
Polly offers a comprehensive portfolio of products and services, including Embedded Insurance Marketplace, Auto Insurance, Home Insurance, and Business 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.
Platform that integrates insurance quotes into dealership sales processes
Offers quotes and savings from multiple companies for vehicle coverage
Provides bundling options for home coverage to reduce premiums
Delivers commercial insurance solutions for small businesses
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Client Team
10 people
Leadership Team
9 people
Finance and Accounting
7 people
Software Development Team
6 people
Product Management Team
5 people
Human Resources and Administration
5 people
Sales and Marketing
4 people
Senior Team
3 people
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Funding Insights of Polly
Polly has successfully raised a total of $360.03M across 9 strategic funding rounds. The most recent funding activity was a Series C round of $110 million completed in August 2021. 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 9
- Last Round Series C — $110.0M
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First Round
First Round
(31 Jul 2019)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series C - Polly | Valuation |
investors |
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| Jun, 2021 | Amount | Series C - Polly | Valuation | Goldman Sachs Asset Management | |
| Feb, 2021 | Amount | Series B - Polly | Valuation |
investors |
| 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 Polly
Polly has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Hudson Structured Capital Management, Goldman Sachs Asset Management and 3L Capital. 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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Tech startups are invested in by 3L Capital venture firm.
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Founded Year | Domain | Location | |
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Global asset management and investment solutions are provided.
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Founded Year | Domain | Location | |
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Alternative investments are managed targeting mezzanine-level returns by the 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 Polly
Polly has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Brinckerhoff & Neuville. 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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Auto, home, and commercial insurance services are provided.
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1961 |
| 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 - Polly
| 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 |
Polly Comparisons
Competitors of Polly
Polly 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 Way, Goji, State Auto, AutoGravity and Velox Insurance, 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 platform to find car parking, auto insurance & car wash services
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| domain | founded_year | HQ Location |
Online diversified insurance marketplace
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| domain | founded_year | HQ Location |
Automotive insurance services are provided nationwide by State Auto.
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| domain | founded_year | HQ Location |
Operates a peer-to-peer platform for car loans.
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| domain | founded_year | HQ Location |
App-based 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 Polly
Frequently Asked Questions about Polly
When was Polly founded?
Polly was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is Polly located?
Polly is headquartered in Williston, United States. It is registered at Williston, North Dakota, United States.
Who is the current CEO of Polly?
Travis Fitzgerald is the current CEO of Polly. They have also founded this company.
Is Polly a funded company?
Polly is a funded company, having raised a total of $360.03M across 9 funding rounds to date. The company's 1st funding round was a Series B of $30.01M, raised on Jul 31, 2019.
How many employees does Polly have?
As of Dec 31, 2021, the latest employee count at Polly is 208.
What does Polly do?
Polly was founded in 2015 in Williston, United States, by Travis Fitzgerald, who serves as CEO. The company operates within the insurance sector, specializing in car insurance services. Coverage options are offered through its domain, polly.co, with a focus on standard policies for vehicle owners. Operations are centered in the United States, where policies are managed and claims processed for regional clients.
Who are the top competitors of Polly?
Polly's top competitors include Way, State Auto and Goji.
What products or services does Polly offer?
Polly offers Embedded Insurance Marketplace, Auto Insurance, Home Insurance, and Business Insurance.
How many acquisitions has Polly made?
Polly has made 1 acquisition, including Brinckerhoff & Neuville.
Who are Polly's investors?
Polly has 3 investors. Key investors include Hudson Structured Capital Management, Goldman Sachs Asset Management, and 3L Capital.