About ReThought Insurance
ReThought Insurance is a company based in Broomfield (United States) founded in 2017 by Nicholas Lamparelli and Cory Isaacson.. ReThought Insurance has raised $27.86 million across 3 funding rounds from investors including IA Capital Group, Telstra Ventures and Hudson Structured Capital Management. ReThought Insurance offers products and services including Commercial Flood Insurance, Residential Flood Insurance, and Specialty Flood Insurance. ReThought Insurance operates in a competitive market with competitors including Floodbase, MassiveCert, Flow and My Flood Insurance, among others.
- Headquarter Broomfield, United States
- Founders Nicholas Lamparelli, Cory Isaacson
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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 Rethought Insurance Corporation
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$27.86 M (USD)
in 3 rounds
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Latest Funding Round
$10.5 M (USD), Series B
Jan 30, 2023
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Investors
IA Capital Group
& 6 more
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Employee Count
Employee Count
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Products & Services of ReThought Insurance
ReThought Insurance offers a comprehensive portfolio of products and services, including Commercial Flood Insurance, Residential Flood Insurance, and Specialty Flood Insurance. 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.
Flood coverage for business properties with risk-based pricing.
Flood protection for homes and belongings via tailored policies.
Coverage for hard-to-place risks like unique properties.
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Funding Insights of ReThought Insurance
ReThought Insurance has successfully raised a total of $27.86M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $10.5 million completed in January 2023. 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 B — $10.5M
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First Round
First Round
(23 Aug 2018)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series B - ReThought Insurance | Valuation | IA Capital Group | |
| Jul, 2021 | Amount | Series A - ReThought Insurance | Valuation | Telstra Ventures , Hudson Structured | |
| Aug, 2018 | Amount | Seed - ReThought Insurance | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 ReThought Insurance
ReThought Insurance has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include IA Capital Group, Telstra Ventures and Hudson Structured Capital Management. 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 tech startups
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Founded Year | Domain | Location | |
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Venture capital firm backed by Telstra
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple 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 ReThought Insurance
| 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 - ReThought Insurance
| 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 |
Rethought Insurance Comparisons
Competitors of ReThought Insurance
ReThought Insurance 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 Floodbase, MassiveCert, Flow and My Flood Insurance, 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 |
Parametric flood insurance solutions are offered using advanced mapping technology.
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| domain | founded_year | HQ Location |
Provider of flood zone determinations, elevation certificates, and FEMA map amendments
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| domain | founded_year | HQ Location |
Flow is engaged in providing personalized nutritional supplements.
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| domain | founded_year | HQ Location |
Operates an online platform for comparing flood insurance options for individuals.
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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 Rethought Insurance
Frequently Asked Questions about ReThought Insurance
When was ReThought Insurance founded?
ReThought Insurance was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is ReThought Insurance located?
ReThought Insurance is headquartered in Broomfield, United States. It is registered at Broomfield, Colorado, United States.
Who is the current CEO of ReThought Insurance?
Cory Isaacson is the current CEO of ReThought Insurance. They have also founded this company.
Is ReThought Insurance a funded company?
ReThought Insurance is a funded company, having raised a total of $27.86M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.86M, raised on Aug 23, 2018.
What does ReThought Insurance do?
ReThought Insurance was founded in 2017 in Broomfield, United States, within the insurance sector. An online platform is operated for comparing commercial flood insurance policies. Protection against natural calamity risks is provided, along with risk control resources. Insurance claim consulting solutions are offered to users, and underwriting solutions are available to support policy issuance and management.
Who are the top competitors of ReThought Insurance?
ReThought Insurance's top competitors include Floodbase, Flow and MassiveCert.
What products or services does ReThought Insurance offer?
ReThought Insurance offers Commercial Flood Insurance, Residential Flood Insurance, and Specialty Flood Insurance.
Who are ReThought Insurance's investors?
ReThought Insurance has 7 investors. Key investors include IA Capital Group, Telstra Ventures, Hudson Structured Capital Management, ArcTern Ventures, and Streamlined Ventures.