About Relay Platform
Relay Platform is a Financial Services company based in Toronto (Canada) founded in 2019, and was acquired by At-Bay in August 2022. Reinsurance application processes are automated through Relays platform. Relay Platform has raised $15.45 million across 3 funding rounds from investors including At-Bay, American Family Insurance and Plug and Play Tech Center. Its chief executive, as recorded, is Greg Boutin. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Insurance Software Suite.
Company details
Relay was founded in 2019 in Toronto, Canada, within the insurtech sector. A platform is provided for streamlining reinsurance applications, encompassing data submissions, analytics, and insights. Features include power user tools, blockchain authentication for documents, along with integrated systems for email, rating, underwriting, and accounting. Operations focus on enhancing efficiency in reinsurance workflows for industry participants.
- Headquarters Toronto, Canada
- Stage Acquired
- SectorsFinancial Services
- Website relayplatform.com
- Social LinkedIn X
- Acquired by At-Bay (Aug 2022)
Funding Insights of Relay Platform
Relay Platform has successfully raised a total of $15.45M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $7.25 million completed in May 2021. 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 $15.45M
- Total Rounds 3
- Last Round Series A — $7.25M
- First Round $3M
(Jan 2020)
- Investors Count 5
All 3 funding rounds of Relay Platform 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 |
|---|---|---|---|---|---|
| May 2021 | $7.25M | Series A | – | – | – |
| May 2021 | $5.2M | Seed | – | Drive Capital | |
| Jan 2020 | $3M | Seed | – | NFP Venture |
6 investors in total: 6 institutional.
Investors in Relay Platform
Relay Platform has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include At-Bay, American Family Insurance and Plug and Play Tech Center.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on pre-seed and seed stage investments | drivecapital.com | Columbus, United States | ||
Highline Beta is engaged in building and funding startups. | highlinebeta.com | Toronto, Canada | ||
Venture capital firm focused on fintech & insurtech sectors | nfpvf.com | Manhattan, United States | ||
Startups are accelerated and invested in across multiple tech sectors. | 2006 | plugandplaytechcenter.com | Sunnyvale, United States | |
Personal and business insurance products are provided nationwide. | 1927 | amfam.com | Madison, United States | |
Online cyber insurance platform is provided for business risk assessment. | 2016 | at-bay.com | Mountain View, United States |
Investor details for Relay Platform
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of Relay Platform
4 people are tracked at Relay Platform (3 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Greg Boutin | CEO | Leadership |
Nicole Panagos, ARM | Director, Customer Success | Leadership |
Andrew deGroot | Vice-President, Enterprise Accounts & International Sales at Relay Platform | Leadership |
Katie Dunn González | Manager, Customer Success | Team |
Complete people profiles for Relay Platform
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of Relay Platform
4 dated milestones of Relay Platform across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Relay Platform is founded.
- Funding First funding round of $3.0M.
- Funding Latest funding round, Series A, of $7.2M.
- Exit Acquired by At-Bay.
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Frequently Asked Questions about Relay Platform
Relay Platform was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Relay Platform is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Greg Boutin is the CEO of Relay Platform, as recorded in our data.
Relay Platform is a funded company, having raised a total of $15.45M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3M, raised on Jan 2020.
Relay was founded in 2019 in Toronto, Canada, within the insurtech sector. A platform is provided for streamlining reinsurance applications, encompassing data submissions, analytics, and insights. Features include power user tools, blockchain authentication for documents, along with integrated systems for email, rating, underwriting, and accounting. Operations focus on enhancing efficiency in reinsurance workflows for industry participants.
Relay Platform has 6 investors. Key investors include At-Bay, American Family Insurance, Plug and Play Tech Center, Drive Capital, and Highline Beta.
Yes. Relay Platform was acquired by At-Bay in August 2022.