About Relay Platform
Relay Platform is a company based in Toronto (Canada) founded in 2019 was acquired by At-Bay in August 2022.. 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. Relay Platform operates in a competitive market with competitors including Supercede, Somerset Re, Neat, Cerchia and QuanTemplate, among others.
- Headquarter Toronto, Canada
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Sectors
Financial Services
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Phone
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Website
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Social
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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 Total Funding
- Total Rounds 3
- Last Round Series A — $7.2M
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First Round
First Round
(01 Jan 2020)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2021 | Amount | Series A - Relay Platform | Valuation |
investors |
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| May, 2021 | Amount | Seed - Relay Platform | Valuation | Drive Capital | |
| Jan, 2020 | Amount | Seed - Relay Platform | Valuation | NFP Venture |
| 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 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. 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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Venture capital firm focused on pre-seed and seed stage investments
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Founded Year | Domain | Location | |
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Highline Beta is engaged in building and funding startups.
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Founded Year | Domain | Location | |
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Venture capital firm focused on fintech & insurtech sectors
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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 Relay Platform
| 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 - Relay Platform
| 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 |
Relay Platform Comparisons
Competitors of Relay Platform
Relay Platform 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 Supercede, Somerset Re, Neat, Cerchia and QuanTemplate, 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 |
Software suite for the reinsurance industry
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| domain | founded_year | HQ Location |
Reinsurance and life insurance services are provided by Somerset Re.
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| domain | founded_year | HQ Location |
White-label insurance solutions are provided for e-commerce businesses.
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| domain | founded_year | HQ Location |
Offers escrow-based solutions for secure payment processing.
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| domain | founded_year | HQ Location |
Data-driven decision making and compliance solutions are offered to reinsurance.
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| domain | founded_year | HQ Location |
Offers reinsurance solutions, risk transfer programs, and global client support services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Relay Platform
Frequently Asked Questions about Relay Platform
When was Relay Platform founded?
Relay Platform was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Relay Platform located?
Relay Platform is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Relay Platform?
Greg Boutin is the current CEO of Relay Platform.
Is Relay Platform a funded company?
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 01, 2020.
What does Relay Platform do?
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.
Who are the top competitors of Relay Platform?
Relay Platform's top competitors include Supercede, Somerset Re and Neat.
Who are Relay Platform's investors?
Relay Platform has 6 investors. Key investors include At-Bay, American Family Insurance, Plug and Play Tech Center, Drive Capital, and Highline Beta.
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