About Purple Insurance
Purple Insurance is a company based in Fort Myers (United States) founded in 2020 was acquired by Salty in March 2021.. Purple Insurance operates in a competitive market with competitors including Guidewire, Bold Penguin, BetterView, OneShield and Duck Creek, among others.
- Headquarter Fort Myers, 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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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
Salty
(Mar 25, 2021)
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Funding Insights of Purple 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 |
Investors in Purple Insurance
Purple Insurance has secured backing from 1 investor. Prominent investors backing the company include We Are Salty. 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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Point-of-sale insurance quotes are offered for vehicle purchases by individuals.
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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 Purple 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 - Purple 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 |
Purple Insurance Comparisons
Competitors of Purple Insurance
Purple Insurance 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 Guidewire, Bold Penguin, BetterView, OneShield and Duck Creek, 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 |
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| domain | founded_year | HQ Location |
Cloud-based platform for property and casualty insurance is provided.
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| domain | founded_year | HQ Location |
Software suite is offered for commercial insurance quoting and binding.
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| domain | founded_year | HQ Location |
Insurance policy management and risk management solutions for the P&C insurance industry
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| domain | founded_year | HQ Location |
Cloud-based insurance policy and claims management solutions for the p&c insurance industry
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| domain | founded_year | HQ Location |
Cloud-based solutions for property, casualty, and general insurance are provided.
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| domain | founded_year | HQ Location |
Insurity is recognized for providing cloud-native insurance software solutions.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Purple Insurance
When was Purple Insurance founded?
Purple Insurance was founded in 2020.
Where is Purple Insurance located?
Purple Insurance is headquartered in Fort Myers, United States. It is registered at Fort Myers, Florida, United States.
What does Purple Insurance do?
Founded in 2020 and based in Fort Myers, United States, Purple Insurance operates in the auto insurance sector. A suite of software tools is offered for sales and marketing, client data management, insurance quoting, and agent oversight. An app-based platform for dealers is also provided, compatible with Android and iOS devices, to facilitate insurance services.
Who are the top competitors of Purple Insurance?
Purple Insurance's top competitors include Guidewire, Bold Penguin and OneShield.
Who are Purple Insurance's investors?
Purple Insurance has 1 investor. Key investors include We Are Salty.