About REIN
REIN is a Financial Services company based in Chapel Hill (United States) founded in 2015 by Steve Rabbitt and Jason Griswold. Platform providing tools for launching insurance products in usage-based IoT verticals. REIN has raised $28.96 million across 5 funding rounds from investors including Plug and Play Tech Center, Volvo Financial Services and Liberty Mutual Insurance. Its chief executive, as recorded, is Steve Rabbitt. REIN offers products and services including Embedded Insurance Widgets, Curated Partner Networks, and Intelligent Attribution Models. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Product Development. Its legal entity is REIN CONNECTED INSURANCE AGENCY, LLC. Its competitors include Zinnia, Montoux and Nuon; 3 of its 3 listed competitors have raised funding.
Company details
REIN is a data-driven platform which provides tools to insurers for launching insurance products in usage-based IoT verticals. Offers features like new policy development, existing policy implementation, and policy lifecycle management of annual, episodic, and usage-based insurance models. Provides rating algorithms that use machine learning to interpret unstructured data. Enables insurance product distribution via mobile web; on-demand chatbot deployment; and E-signature E-delivery services. Supports geocoded data, spatial analysis, data visualization, telematics and demographic data for underwriting, claim adjustment and product delivery of new auto, IoT, robotic online ecosystem products. REINs wholly owned subsidiary, Acend Insurance Solutions, is a licensed surplus lines producer. Acend launched its first digital product powered by Reins platform, Drone Insurance.com, which offers on-demand drone insurance.
- Total Equity Funding$28.96M (USD)
in 5 rounds
- Latest Funding Round$800K (USD), Series B
Mar 2024
- InvestorsPlug and Play Tech Center
& 6 more
Products & Services of REIN
REIN offers a comprehensive portfolio of products and services, including Embedded Insurance Widgets, Curated Partner Networks, and Intelligent Attribution Models.
Tools for digital quote-to-bind capabilities across channels.
Evaluated networks for targeted insurance customer reach.
Processes for channel profitability and strategy insights.
Funding Insights of REIN
REIN has successfully raised a total of $28.96M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $800 thousand completed in March 2024. 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 $28.96M
- Total Rounds 5
- Last Round Series B — $800,000
- First Round $7.3M
(Jun 2018)
- Investors Count 7
All 5 funding rounds of REIN 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 |
|---|---|---|---|---|---|
| Mar 2024 | $800,000 | Series B | – | – | – |
| Jul 2023 | $12.98M | Series B | – | – | – |
| May 2022 | $7.88M | Series A | – | Volvo Financial Services | |
| Dec 2019 | Series A | – | Volvo Financial Services | – | |
| Jun 2018 | $7.3M | Series A | – | Kiplin Capital, Liberty Mutual Insurance |
7 investors in total: 4 institutional and 3 angel.
Investors in REIN
REIN has secured backing from 7 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Plug and Play Tech Center, Volvo Financial Services and Liberty Mutual Insurance.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are accelerated and invested in across multiple tech sectors. | 2006 | plugandplaytechcenter.com | Sunnyvale, United States | |
Early-stage venture investments are made in technology sectors by Kiplin Capital. | kiplincapital.com | Concord, United States | ||
Financial services are provided by Volvo Financial Services globally. | vfsco.com | Gothenburg, Sweden | ||
Liberty Mutual Insurance is engaged in providing insurance solutions globally. | libertymutualgroup.com | Boston, United States | ||
BR Bert Roberts | unknown_075a636604ca4b01b | |||
CE Christopher Ellis | unknown_e72624be46824605a | |||
AB Anderson Bell | unknown_86405829862548f99 |
Investor details for REIN
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of REIN
4 people are tracked at REIN (4 in leadership).
| Name | Role | Group |
|---|---|---|
Steve Rabbitt | Co-Founder & Co-CEO | Leadership |
Jason Griswold | Co-Founder & Co-CEO | Leadership |
Jay Klemanski | Head Of Growth | Leadership |
Brandi Hagler, MBM | Head Of Partner Engagement | Leadership |
Complete people profiles for REIN
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of REIN
3 dated milestones of REIN across 9 years, from founding to its latest funding, stage changes and deals.
- Founded REIN is founded.
- Funding First funding round of $7.3M.
- Funding Latest funding round, Series B, of $800K.
Competitors of REIN
REIN has 3 listed competitors in our database, 3 of them funded. They include Zinnia, Montoux and Nuon.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| zinnia.com | 2005 | Topeka, United States | $300M | Technology platforms for life insurance and annuity products are provided. | ||
| montoux.com | 2012 | New York, United States | $10.5M | Life Insurance Pricing Application | ||
| nuon.co | 2020 | Los Angeles, United States | $16.5M | Software development services are provided by Nuon to various clients. |
Detailed competitors of REIN
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of REIN
The website of REIN (rein.ai) receives about 2.2K visits a month.
- Monthly visits2.2K
▼ 22.4% vs previous month
Top companies in Insurance Technology & Support Services
3 companies that operate in the same segment as REIN (Insurance Technology & Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | USD 1.48 B | 226 | ||
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | |||
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | 699 |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Rein
Complete news archive for REIN
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about REIN
REIN was founded in 2015 and raised its 1st funding round 3 years after it was founded.
REIN is headquartered in Chapel Hill, United States. It is registered at Chapel Hill, North Carolina, United States.
Steve Rabbitt is the CEO of REIN, as recorded in our data. They have also founded this company.
REIN is a funded company, having raised a total of $28.96M across 5 funding rounds to date. The company's 1st funding round was a Series A of $7.3M, raised on Jun 2018.
REIN is a data-driven platform which provides tools to insurers for launching insurance products in usage-based IoT verticals. Offers features like new policy development, existing policy implementation, and policy lifecycle management of annual, episodic, and usage-based insurance models. Provides rating algorithms that use machine learning to interpret unstructured data. Enables insurance product distribution via mobile web; on-demand chatbot deployment; and E-signature E-delivery services. Supports geocoded data, spatial analysis, data visualization, telematics and demographic data for underwriting, claim adjustment and product delivery of new auto, IoT, robotic online ecosystem products. REINs wholly owned subsidiary, Acend Insurance Solutions, is a licensed surplus lines producer. Acend launched its first digital product powered by Reins platform, Drone Insurance.com, which offers on-demand drone insurance.
REIN offers Embedded Insurance Widgets, Curated Partner Networks, and Intelligent Attribution Models.
REIN has 7 investors. Key investors include Plug and Play Tech Center, Volvo Financial Services, Liberty Mutual Insurance, Kiplin Capital, and Bert Roberts.
REIN operates through Rein Connected Insurance Agency, Llc.