About RiskGenius
RiskGenius is a Financial Services company based in Overland Park (United States) founded in 2016, and was acquired by Bold Penguin in October 2020. Insurance policies are reviewed using machine learning technology. RiskGenius has raised $6.73 million across 4 funding rounds from investors including Bold Penguin, Hearst and QBE Group. The company has 27 employees. The company was acqui-hired. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Policy Administration. Its legal entity is CLAIMKIT, INC. Its competitors include Get Covered, Unirisx and Maximum Processing; 2 of its 3 listed competitors have raised funding.
Company details
RiskGenius was founded in 2016 and is based in Overland Park, United States. Operations focus on the insurance sector, where a machine learning platform is employed to examine commercial property and casualty policies. Clauses are identified and categorized according to standard industry terms. Assistance is provided to insurers for policy comparisons during renewals and for detecting coverage deficiencies.
- Headquarters Overland Park, United States
- Employees 27
- Stage Acquired
- SectorsFinancial Services
- Website riskgenius.com
- Social LinkedIn X
- Acquired by Bold Penguin (Oct 2020)
- Legal Name Claimkit, Inc.
- Total Equity Funding$6.73M (USD)
in 4 rounds
- InvestorsBold Penguin
& 5 more
- Employee Count27
- Acquired byBold Penguin
(Oct 2020)
Funding Insights of RiskGenius
RiskGenius has successfully raised a total of $6.73M across 4 strategic funding rounds. 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 $6.73M
- Total Rounds 4
- First Round $2.78M
(Jan 2016)
- Investors Count 5
All 4 funding rounds of RiskGenius 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 |
|---|---|---|---|---|---|
| Jul 2019 | Series B | – | Hudson Structured | ||
| Jun 2019 | $1M | Series A | – | FM Global | – |
| Oct 2017 | $2.95M | Series A | – | QBE Group | |
| Jan 2016 | $2.78M | Series A | – | – | – |
6 investors in total: 6 institutional.
Investors in RiskGenius
RiskGenius has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Bold Penguin, Hearst and QBE Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Stage agnostic venture capital firm backed by fund of funds | 2014 | flyovercapital.com | Overland Park, United States | |
Hudson Structured Capital Management is engaged in investment across insurance and transportation sectors. | 2009 | hudsonstructured.com | Stamford, United States | |
| fmglobal.com | ||||
Media conglomerate | 1887 | hearst.com | New York, United States | |
General insurance and reinsurance services are offered worldwide. | 1886 | qbe.com | Sydney, Australia | |
Software suite is offered for commercial insurance quoting and binding. | 2016 | boldpenguin.com | Columbus, United States |
Investor details for RiskGenius
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Timeline of RiskGenius
4 dated milestones of RiskGenius across 4 years, from founding to its latest funding, stage changes and deals.
- Founded RiskGenius is founded.
- Funding First funding round of $2.8M.
- Funding Latest funding round, Series B,.
- Exit Acquired by Bold Penguin.
Competitors of RiskGenius
RiskGenius has 3 listed competitors in our database, 2 of them funded. They include Get Covered, Unirisx and Maximum Processing.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| getcovered.io | 2017 | New York, United States | $7M | Policy administration solutions are offered for property insurance. | ||
| unirisx.com | 2000 | Philadelphia, United States | $23.93M | 13 | Provides SaaS-based administration solutions for property and casualty insurance providers. | |
| stingraysystem.com | 2002 | Bradenton, United States | 84 | Policy administration and claims processing software for insurers is provided. |
Detailed competitors of RiskGenius
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- Full competitor set
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Top companies in Insurance Technology & Support Services
3 companies that operate in the same segment as RiskGenius (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 |
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Frequently Asked Questions about RiskGenius
RiskGenius was founded in 2016.
RiskGenius is headquartered in Overland Park, United States. It is registered at Overland Park, Kansas, United States.
RiskGenius is a funded company, having raised a total of $6.73M across 4 funding rounds to date. The company's 1st funding round was a Series A of $2.78M, raised on Jan 2016.
RiskGenius has 27 employees.
RiskGenius was founded in 2016 and is based in Overland Park, United States. Operations focus on the insurance sector, where a machine learning platform is employed to examine commercial property and casualty policies. Clauses are identified and categorized according to standard industry terms. Assistance is provided to insurers for policy comparisons during renewals and for detecting coverage deficiencies.
RiskGenius's top competitors include Get Covered, Maximum Processing and Unirisx.
RiskGenius has 6 investors. Key investors include Bold Penguin, Hearst, QBE Group, Flyover Capital, and Hudson Structured Capital Management.
RiskGenius operates through Claimkit, Inc..
Yes. RiskGenius was acquired by Bold Penguin in October 2020.