About Probitas 1492
Probitas 1492 is a company based in London (United Kingdom) founded in 2015 was acquired by Aviva in March 2024.. Probitas 1492 has raised $25 million across 1 funding round from investors including Aviva and Saudi Reinsurance. Probitas 1492 offers products and services including Property Insurance and Financial Lines Insurance.
- Headquarter London, United Kingdom
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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 Probitas Managing Agency Limited
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Annual Revenue
$4.13 M (USD)270as on Dec 31, 2022
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Net Profit
$1.64 M (USD)463as on Dec 31, 2022
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EBITDA
$2.02 M (USD)283as on Dec 31, 2022
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Total Equity Funding
$25 M (USD)
in 1 rounds
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Latest Funding Round
$25 M (USD), Series B
Jul 14, 2017
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Investors
Aviva
& 1 more
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Employee Count
Employee Count
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Acquired by
Aviva
(Mar 04, 2024)
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Products & Services of Probitas 1492
Probitas 1492 offers a comprehensive portfolio of products and services, including Property Insurance and Financial Lines 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.
Property insurance is offered to assess risks and provide suitable coverage terms
Financial lines insurance is provided to cover professional indemnity and related risks across various business lines
Funding Insights of Probitas 1492
Probitas 1492 has successfully raised a total of $25M through 1 strategic funding round. The most recent funding activity was a Series B round of $25 million completed in July 2017. 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 1
- Last Round Series B — $25.0M
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First Round
First Round
(14 Jul 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2017 | Amount | Series B - Probitas 1492 | 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 Probitas 1492
Probitas 1492 has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Aviva and Saudi Reinsurance. 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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Reinsurance and third-party administration services are provided.
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Founded Year | Domain | Location | |
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Insurance and asset management services are offered in multiple regions.
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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
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
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 Probitas 1492
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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 - Probitas 1492
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Probitas 1492 Comparisons
Competitors of Probitas 1492
| 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.
|
Frequently Asked Questions about Probitas 1492
When was Probitas 1492 founded?
Probitas 1492 was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Probitas 1492 located?
Probitas 1492 is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Probitas 1492?
Ash Bathia is the current CEO of Probitas 1492.
Is Probitas 1492 a funded company?
Probitas 1492 is a funded company, having raised a total of $25M across 1 funding round to date. The company's 1st funding round was a Series B of $25M, raised on Jul 14, 2017.
What is the annual revenue of Probitas 1492?
Annual revenue of Probitas 1492 is $4.13M as on Dec 31, 2022.
What does Probitas 1492 do?
Probitas 1492 was established in 2015 and is headquartered in London, United Kingdom. Insurance brokerage services are delivered across various sectors, with a focus on risk management and advisory support for clients. Operations are managed from the UK base, serving international markets. The company is led by CEO Ash Bathia, ensuring structured oversight of brokerage activities and client engagements.
What products or services does Probitas 1492 offer?
Probitas 1492 offers Property Insurance and Financial Lines Insurance.
Who are Probitas 1492's investors?
Probitas 1492 has 2 investors. Key investors include Aviva, and Saudi Reinsurance.
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