About Raxel Telematics
Raxel Telematics is a Financial Services company based in Moscow (Russia) founded in 2013. Telematics data is provided for driving-based insurance pricing. It operates in the Financial Services and Transportation, Automotive & Logistics sectors. Raxel Telematics has raised $200 thousand across 1 funding round from investors including Phystech Ventures and Serguei Netessine. Its chief executive, as recorded, is Ivan Shornikov. Its focus areas include Consumer, Auto E-Commerce & Content, Insurance and Internet First Insurer. Its competitors include Simble, AUTO PARTNERS and MUST.
Company details
Raxel Telematics was founded in 2013 in Moscow, Russia, as a provider of telematics-based data within the insurance technology sector. A hardware-agnostic platform is utilized to track and share driving parameters, including time, speed, braking, mileage, and rapid acceleration. This enables insurance companies to implement individualized pricing models based on user driving habits. Operations focus on data collection and analysis for risk assessment purposes.
- Headquarters Moscow, Russia
- SectorsFinancial ServicesTransportation, Automotive & Logistics
- Email••••••••
- Website raxeltelematics.com
- Social LinkedIn X Facebook
- Total Equity Funding$200K (USD)
in 1 rounds
- Latest Funding Round$200K (USD), Seed
Jun 2016
- InvestorsPhystech Ventures
& 1 more
Funding Insights of Raxel Telematics
Raxel Telematics has successfully raised a total of $200K through 1 strategic funding round. The most recent funding activity was a Seed round of $200 thousand completed in June 2016. 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 $200,000
- Total Rounds 1
- Last Round Seed — $200,000
- First Round $200,000
(Jun 2016)
- Investors Count 2
All 1 funding rounds of Raxel Telematics with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2016 | $200,000 | Seed | – | Phystech Ventures |
2 investors in total: 1 institutional and 1 angel.
Investors in Raxel Telematics
Raxel Telematics has secured backing from 2 investors, including venture fund and angel investors. Prominent investors backing the company include Phystech Ventures and Serguei Netessine.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A venture capital fund focused on deeptech startups is operated. | phystech.vc | |||
SN Serguei Netessine | Global operations expert, angel investor, and Wharton professor | unknown_34e8f07a91be4220a |
Investor details for Raxel Telematics
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- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of Raxel Telematics
1 people are tracked at Raxel Telematics (1 in leadership).
| Name | Role | Group |
|---|---|---|
Ivan Shornikov | CEO | Leadership |
Complete people profiles for Raxel Telematics
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- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of Raxel Telematics
2 dated milestones of Raxel Telematics across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Raxel Telematics is founded.
- Funding First funding round of $200K.
Competitors of Raxel Telematics
Raxel Telematics has 3 listed competitors in our database. They include Simble, AUTO PARTNERS and MUST.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| simble.in | 2021 | Moscow, Russia | Short-term car insurance solutions are provided by Simble. | |||
| ap-ru.com | 1997 | Moscow, Russia | Usage-based auto insurance is provided via an online platform. | |||
| mustins.ru | 2019 | Moscow, Russia | Cargo insurance is offered online to transport companies. |
Detailed competitors of Raxel Telematics
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- Full competitor set
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Frequently Asked Questions about Raxel Telematics
Raxel Telematics was founded in 2013 and raised its 1st funding round 3 years after it was founded.
Raxel Telematics is headquartered in Moscow, Russia.
Ivan Shornikov is the CEO of Raxel Telematics, as recorded in our data.
Raxel Telematics is a funded company, having raised a total of $200K across 1 funding round to date. The company's 1st funding round was a Seed of $200K, raised on Jun 2016.
Raxel Telematics was founded in 2013 in Moscow, Russia, as a provider of telematics-based data within the insurance technology sector. A hardware-agnostic platform is utilized to track and share driving parameters, including time, speed, braking, mileage, and rapid acceleration. This enables insurance companies to implement individualized pricing models based on user driving habits. Operations focus on data collection and analysis for risk assessment purposes.
Raxel Telematics's top competitors include Simble, MUST and AUTO PARTNERS.
Raxel Telematics has 2 investors. Key investors include Phystech Ventures, and Serguei Netessine.