About REIN
REIN is a company based in Chapel Hill (United States) founded in 2015 by Steve Rabbitt and Jason Griswold.. 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. REIN offers products and services including Embedded Insurance Widgets, Curated Partner Networks, and Intelligent Attribution Models. REIN operates in a competitive market with competitors including Innoveo, Zinnia, Montoux, Volante and Bambi Dynamic, among others.
- Headquarter Chapel Hill, United States
- Founders Steve Rabbitt, Jason Griswold
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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 Rein Connected Insurance Agency, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28.96 M (USD)
in 5 rounds
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Latest Funding Round
$800 K (USD), Series B
Mar 12, 2024
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Investors
Plug and Play Tech Center
& 6 more
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Employee Count
Employee Count
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Products & Services of REIN
REIN offers a comprehensive portfolio of products and services, including Embedded Insurance Widgets, Curated Partner Networks, and Intelligent Attribution Models. 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.
Tools for digital quote-to-bind capabilities across channels.
Evaluated networks for targeted insurance customer reach.
Processes for channel profitability and strategy insights.
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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 Total Funding
- Total Rounds 5
- Last Round Series B — $800,000
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First Round
First Round
(28 Jun 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series B - REIN | Valuation |
investors |
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| Jul, 2023 | Amount | Series B - REIN | Valuation |
investors |
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| May, 2022 | Amount | Series A - REIN | Valuation | Volvo Financial Services |
| 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 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. 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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Startups are accelerated and invested in across multiple tech sectors.
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Founded Year | Domain | Location | |
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Early-stage venture investments are made in technology sectors by Kiplin Capital.
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Founded Year | Domain | Location | |
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Financial services are provided by Volvo Financial Services globally.
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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 REIN
| 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 - REIN
| 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 |
Rein Comparisons
Competitors of REIN
REIN 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 Innoveo, Zinnia, Montoux, Volante and Bambi Dynamic, 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 |
A no-code platform is offered for insurance product development.
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| domain | founded_year | HQ Location |
Technology platforms for life insurance and annuity products are provided.
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| domain | founded_year | HQ Location |
Life Insurance Pricing Application
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| domain | founded_year | HQ Location |
Cloud-based underwriting platform for insurance industry
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| domain | founded_year | HQ Location |
Online marketplace offering products in electronics, fashion, and more across regions.
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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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Latest news on Rein
Frequently Asked Questions about REIN
When was REIN founded?
REIN was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is REIN located?
REIN is headquartered in Chapel Hill, United States. It is registered at Chapel Hill, North Carolina, United States.
Who is the current CEO of REIN?
Steve Rabbitt is the current CEO of REIN. They have also founded this company.
Is REIN a funded 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 $7.88M, raised on Jun 28, 2018.
What does REIN do?
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.
What products or services does REIN offer?
REIN offers Embedded Insurance Widgets, Curated Partner Networks, and Intelligent Attribution Models.
Who are REIN's investors?
REIN has 7 investors. Key investors include Plug and Play Tech Center, Volvo Financial Services, Liberty Mutual Insurance, Kiplin Capital, and Bert Roberts.