About Propel Insurance
Propel Insurance is a company based in Columbia (United States) founded in 2006 was acquired by Propel Insurance in June 2021. It operates as a Brokerage / Intermediation. Propel Insurance offers products and services including Commercial Insurance, Personal Insurance, and Employee Benefits.
- Headquarter Columbia, United States
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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
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- Legal Name Alera Group, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Propel Insurance
(Jun 01, 2021)
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Products & Services of Propel Insurance
Propel Insurance offers a comprehensive portfolio of products and services, including Commercial Insurance, Personal Insurance, and Employee Benefits. 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.
Coverage is provided for businesses against property and liability risks.
Protection is offered for individuals covering auto and home risks.
Benefits packages are designed for employees of various companies.
Funding Insights of Propel Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Propel Insurance
Propel Insurance has secured backing from 1 investor. Prominent investors backing the company include Propel Insurance. 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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Diversified insurance brokerage services are offered to various clients.
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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 Propel Insurance
| 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 - Propel Insurance
| 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 |
Propel Insurance Comparisons
Competitors of Propel Insurance
| 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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Frequently Asked Questions about Propel Insurance
When was Propel Insurance founded?
Propel Insurance was founded in 2006.
Where is Propel Insurance located?
Propel Insurance is headquartered in Columbia, United States.
What does Propel Insurance do?
Insurance solutions are offered by Propel Insurance to thousands of companies and individuals across the United States. Coverage is provided for various sectors including affordable housing, banking, construction, education, healthcare, hospitality, manufacturing, non-profits, real estate, and transportation. Personalized programs are created to protect against liability, property damage, and loss. Services include commercial insurance, personal insurance, employee benefits, workers compensation, cyber liability, and risk management. Emphasis is placed on understanding client needs to deliver tailored solutions for diverse industries.
What products or services does Propel Insurance offer?
Propel Insurance offers Commercial Insurance, Personal Insurance, and Employee Benefits.
Who are Propel Insurance's investors?
Propel Insurance has 1 investor. Key investors include Propel Insurance.
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