About Propel Insurance
Propel Insurance is a company based in Seattle (United States) founded in 1923 was acquired by Flexpoint Ford in June 2018. Propel Insurance has raised $155.36 million across 1 funding round from investors including Flexpoint Ford. Propel Insurance has completed 2 acquisitions, including Flexpoint Ford and Propel Insurance. Propel Insurance offers products and services including Commercial Insurance and Personal Insurance.
- Headquarter Seattle, United States
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Propel Insurance, Inc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$155.36 M (USD)
in 1 rounds
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Latest Funding Round
$155.36 M (USD), Private Equity Round
May 08, 2018
- Investors
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Employee Count
Not available
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Investments & Acquisitions
Flexpoint Ford
& 1 more
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Acquired by
Flexpoint Ford
(Jun 01, 2018)
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Products & Services of Propel Insurance
Propel Insurance offers a comprehensive portfolio of products and services, including Commercial Insurance and Personal Insurance.
Insurance programs are provided for businesses to protect against liability and property damage.
Coverage is offered for personal needs, including auto, home, and life insurance options.
People of Propel Insurance
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Funding Insights of Propel Insurance
Propel Insurance has successfully raised a total of $155.36M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $155.36 million completed in May 2018. 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.
Investors in Propel Insurance
Propel Insurance has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Flexpoint Ford.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity firm focused on financial services and healthcare companies
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Locked | Locked | Locked |
Investor details for Propel Insurance
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Investments & Acquisitions by Propel Insurance
Propel Insurance has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Flexpoint Ford and Propel Insurance.
Investment portfolio details for Propel Insurance
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Diversified insurance brokerage services are provided to clients nationwide.
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Locked | Locked | 2006 | Locked | |
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Private equity firm focused on financial services and healthcare companies
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Locked | Locked | 2005 | Locked |
Complete acquisition details for Propel Insurance
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Financial Statements - Propel Insurance
Detailed financials for Propel Insurance
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- Profit trends
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Propel Insurance Comparisons
Peer comparison for Propel Insurance
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Competitors of Propel Insurance
Detailed competitors of Propel Insurance
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Latest news on Propel Insurance
Complete news archive for Propel Insurance
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Frequently Asked Questions about Propel Insurance
Propel Insurance was founded in 1923 and raised its 1st funding round 95 years after it was founded.
Propel Insurance is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Propel Insurance is a funded company, having raised a total of $155.36M across 1 funding round to date.
Propel Insurance was established in 1923 and operates as a diversified insurance broker in the financial services sector. Brokerage services are provided for multiple insurance types, including commercial and personal lines, from its base in Seattle, United States. Operations focus on risk management solutions tailored to business and individual needs across the region. The company maintains an online presence through propelinsurance.com to support client interactions and policy management.
Propel Insurance offers Commercial Insurance and Personal Insurance.
Propel Insurance has made 2 acquisitions, including Flexpoint Ford, and Propel Insurance.
Propel Insurance has 1 investor. Key investors include Flexpoint Ford.