About SecondFloor
SecondFloor is a Financial Services company based in Amsterdam (Netherlands) founded in 2005, and was acquired by cleversoft in May 2019. It operates as a governance risk and regulatory reporting solution. It operates in the Financial Services and Technology sectors. Its focus areas include Enterprise Applications, GRC Software, Risk Management and Industry. Its competitors include Sedgwick, Socure, Alloy, BioCatch and Riskonnect and 2 more; 6 of its 7 listed competitors have raised funding.
Company details
SecondFloor was founded in 2005 and is headquartered in Amsterdam, Netherlands. Software and consulting services are provided to regulated companies for managing operational risk, enforcing policies, deriving controls, handling cases and evidence, facilitating user governance, and supporting audit management and reporting. Analytics and reporting solutions are also offered to meet Solvency II compliance requirements. In 2012, Business-DNA Solutions, a Swiss platform for enterprise transformation management, was acquired.
- Headquarters Amsterdam, Netherlands
- Stage Acquired
- SectorsFinancial ServicesTechnology
- Website secondfloor.com
- Social LinkedIn X
- Acquired by cleversoft (May 2019)
- Investorscleversoft
& 2 more
- Acquired bycleversoft
(May 2019)
Funding Insights of SecondFloor
- Total Rounds 2
- Investors Count 2
All 2 funding rounds of SecondFloor 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 |
|---|---|---|---|---|---|
| Aug 2014 | – | Debt – Conventional | – | – | |
| Sep 2010 | – | Series A | – | – |
3 investors in total: 3 institutional.
Investors in SecondFloor
SecondFloor has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include cleversoft, Main Capital Partners and TIIN Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in software companies are managed through private equity. | – | main.nl | The Hague, Netherlands | |
- | – | tiincapital.nl | - | |
Cloud-based regulatory technology solutions are provided for financial compliance. | 2004 | clever-soft.com | Munich, Germany |
Investor details for SecondFloor
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 SecondFloor
4 dated milestones of SecondFloor across 14 years, from founding to its latest funding, stage changes and deals.
- Founded SecondFloor is founded.
- Funding First funding round.
- Funding Latest funding round, Debt – Conventional,.
- Exit Acquired by cleversoft.
Competitors of SecondFloor
SecondFloor has 7 listed competitors in our database, 6 of them funded. They include Sedgwick, Socure, Alloy, BioCatch and Riskonnect, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sedgwick.com | 1969 | Memphis, United States | $2.63M | 25,842 | Claims administration, loss adjusting, and benefits management services are provided. | |
| socure.com | 2012 | New York, United States | $650.25M | 88 | AI-based identity verification and fraud detection are provided. | |
| alloy.com | 2015 | New York, United States | $211.37M | 216 | Identity decisioning platform is provided for banks and fintech firms. | |
| biocatch.com | 2011 | Tel Aviv, Israel | $253M | – | Provider of behavioral biometrics cybersecurity solutions | |
| riskonnect.com | 2007 | Kennesaw, United States | $10M | 390 | Cloud-based risk management solutions are offered for the insurance sector. | |
| synctera.com | 2019 | San Francisco, United States | $95.17M | 58 | Software suite is developed for banks and financial institutions. | |
| origamirisk.com | 2009 | Chicago, United States | – | 609 | Cloud-based solutions for insurance risk and claims management are offered. |
Detailed competitors of SecondFloor
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- Full competitor set
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Top companies in Insurance Technology & Support Services
10 companies that operate in the same segment as SecondFloor (Insurance Technology & Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
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 | |
Satellite-based imaging solutions are provided using synthetic aperture radar. | 2016 | Palo Alto, California, United States | USD 233.99 M | – | 191 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M | – | – | |
AI and microsatellite-based imaging solutions are developed for data monitoring. | 2014 | Espoo, Uusimaa, Finland | USD 1.25 B | USD 111.51 M | 1,156 | |
Software suite for insurance distribution and management is provided. | 2014 | New York, New York, United States | USD 354.55 M | USD 21.6 K | 649 | |
AI-enabled driver monitoring and fleet safety management solutions | 2015 | Palo Alto, California, United States | USD 215 M | – | 109 |
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Related news about Secondfloor
Complete news archive for SecondFloor
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Frequently Asked Questions about SecondFloor
SecondFloor was founded in 2005 and raised its 1st funding round 5 years after it was founded.
SecondFloor is headquartered in Amsterdam, Netherlands.
SecondFloor was founded in 2005 and is headquartered in Amsterdam, Netherlands. Software and consulting services are provided to regulated companies for managing operational risk, enforcing policies, deriving controls, handling cases and evidence, facilitating user governance, and supporting audit management and reporting. Analytics and reporting solutions are also offered to meet Solvency II compliance requirements. In 2012, Business-DNA Solutions, a Swiss platform for enterprise transformation management, was acquired.
SecondFloor has 3 investors. Key investors include cleversoft, Main Capital Partners, and TIIN Capital.
Yes. SecondFloor was acquired by cleversoft in May 2019.