About SafetyNet
SafetyNet is a company based in Madison (United States) founded in 1996 was acquired by Shift Savings in May 2018.. SafetyNet has completed 1 acquisition, including Shift Savings. SafetyNet operates in a competitive market with competitors including GovSimple and Nett Income Protection Insurance, among others.
- Headquarter Madison, United States
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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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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Shift Savings
(May 15, 2018)
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Funding Insights of SafetyNet
| 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 SafetyNet
SafetyNet has secured backing from 1 investor. Prominent investors backing the company include Shift Savings. 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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Personal savings are facilitated via an employer-matched rounding platform.
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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 SafetyNet
SafetyNet has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Shift Savings. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Personal savings are facilitated via an employer-matched rounding platform.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SafetyNet
| 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 |
Safetynet Comparisons
Competitors of SafetyNet
SafetyNet 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 GovSimple and Nett Income Protection 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 |
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| domain | founded_year | HQ Location |
It functions as an unemployment insurance.
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| domain | founded_year | HQ Location |
Offers mobile-based income protection insurance services.
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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 Safetynet
Frequently Asked Questions about SafetyNet
When was SafetyNet founded?
SafetyNet was founded in 1996.
Where is SafetyNet located?
SafetyNet is headquartered in Madison, United States. It is registered at Madison, Wisconsin, United States.
What does SafetyNet do?
SafetyNet was founded in 1996 in Madison, United States, within the insurance sector. An online platform is operated to deliver policies for unemployment and disability coverage. Expenses from job loss, including business closures and eliminations, are addressed, alongside disabilities from illness or injury. Multiple programs are structured around monthly premiums, serving policyholders across the region.
Who are the top competitors of SafetyNet?
SafetyNet's top competitors include GovSimple and Nett Income Protection Insurance.
How many acquisitions has SafetyNet made?
SafetyNet has made 1 acquisition, including Shift Savings.
Who are SafetyNet's investors?
SafetyNet has 1 investor. Key investors include Shift Savings.