About ProtectRisk
ProtectRisk is a company based in Hyattsville (United States) founded in 2017 by Asseged Major.. ProtectRisk has raised $40 thousand across 1 funding round from investors including Global Insurance Accelerator. ProtectRisk offers products and services including ProtectRisk Platform. ProtectRisk operates in a competitive market with competitors including Embroker, Attune Insurance, BOLT Insurance Agency, BizInsure and Union Bay Risk Advisors, among others.
- Headquarter Hyattsville, United States
- Founders Asseged Major
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$40 K (USD)
in 1 rounds
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Latest Funding Round
$40 K (USD), Seed
Jan 10, 2018
- Investors
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Employee Count
Employee Count
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Products & Services of ProtectRisk
ProtectRisk offers a comprehensive portfolio of products and services, including ProtectRisk Platform. 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.
Facilitates market search and connections for commercial insurance stakeholders
Funding Insights of ProtectRisk
ProtectRisk has successfully raised a total of $40K through 1 strategic funding round. The most recent funding activity was a Seed round of $40 thousand completed in January 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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $40,000
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First Round
First Round
(10 Jan 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Seed - ProtectRisk | Valuation | Global Insurance Accelerator |
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| 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 ProtectRisk
ProtectRisk has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Global Insurance Accelerator. 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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Startup accelerator focused on Financial Services sector
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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 ProtectRisk
| 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 - ProtectRisk
| 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 |
Protectrisk Comparisons
Competitors of ProtectRisk
ProtectRisk 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 Embroker, Attune Insurance, BOLT Insurance Agency, BizInsure and Union Bay Risk Advisors, 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 |
Online insurance comparison platform for small and mid-sized businesses
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| domain | founded_year | HQ Location |
Small business insurance is offered through an online platform.
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| domain | founded_year | HQ Location |
Business insurance is offered via an online quoting platform.
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| domain | founded_year | HQ Location |
Business insurance is compared and purchased online by small firms.
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| domain | founded_year | HQ Location |
Offers insurance advice and policies for personal and business protection through partnerships.
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| domain | founded_year | HQ Location |
Commercial insurance is brokered online for international companies.
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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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Frequently Asked Questions about ProtectRisk
When was ProtectRisk founded?
ProtectRisk was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is ProtectRisk located?
ProtectRisk is headquartered in Hyattsville, United States. It is registered at Hyattsville, Maryland, United States.
Is ProtectRisk a funded company?
ProtectRisk is a funded company, having raised a total of $40K across 1 funding round to date. The company's 1st funding round was a Seed of $40K, raised on Jan 10, 2018.
What does ProtectRisk do?
ProtectRisk is a digital commercial business insurance marketplace for insurance agents underwriters. Enables purchase and delivery of insurance coverage between all parties. Facilitates insurance brokers and insurance underwriters to submit, transact, find and search for commercial business insurance products.
Who are the top competitors of ProtectRisk?
ProtectRisk's top competitors include Embroker, Attune Insurance and BOLT Insurance Agency.
What products or services does ProtectRisk offer?
ProtectRisk offers ProtectRisk Platform.
Who are ProtectRisk's investors?
ProtectRisk has 1 investor. Key investors include Global Insurance Accelerator.