About Simplesurance
Simplesurance is a company based in Berlin (Germany) founded in 2012 by Robin von Hein and Joachim von Bonin was acquired by Allianz X in September 2022.. Simplesurance has raised $61.68 million across 6 funding rounds from investors including Rakuten, Allianz and Tokio Marine Holdings. Simplesurance operates in a competitive market with competitors including Noyo, Px, GoHealth, Zelros and Joshu, among others.
- Headquarter Berlin, Germany
- Founders Robin von Hein, Joachim von Bonin
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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
$8.28 M (USD)-18as on Dec 31, 2020
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Net Profit
$-7.91 M (USD)-1as on Dec 31, 2020
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EBITDA
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Total Equity Funding
$61.68 M (USD)
in 6 rounds
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Latest Funding Round
$18.18 M (USD), Series D
Dec 07, 2020
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Investors
Rakuten
& 8 more
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Employee Count
Employee Count
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Acquired by
Allianz X
(Sep 29, 2022)
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Funding Insights of Simplesurance
Simplesurance has successfully raised a total of $61.68M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $18.18 million completed in December 2020. 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 6
- Last Round Series D — $18.2M
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First Round
First Round
(03 Mar 2015)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Series D - Simplesurance | Valuation | Allianz X |
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| Oct, 2018 | Amount | Series C - Simplesurance | Valuation | ODDO BHF , Tokio Marine Holdings |
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| May, 2018 | Amount | Series C - Simplesurance | Valuation | Allianz X |
| 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 Simplesurance
Simplesurance has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Rakuten, Allianz and Tokio Marine Holdings. 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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Startups are funded via venture capital by Allianz-backed Allianz X.
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Founded Year | Domain | Location | |
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Venture capital firm focused on technology, fintech, e-commerce, mobility platforms, and multiple sectors
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Founded Year | Domain | Location | |
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Early, growth & late stage VC firm investing in the US
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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 Simplesurance
| 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 - Simplesurance
| 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 |
Simplesurance Comparisons
Competitors of Simplesurance
Simplesurance 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 Noyo, Px, GoHealth, Zelros and Joshu, 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 |
Insurance data exchange and benefit administration solutions for employers
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| domain | founded_year | HQ Location |
Lead exchange platform is operated as SaaS for advertisers.
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| domain | founded_year | HQ Location |
Healthcare insurance solutions are offered via a digital platform.
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| domain | founded_year | HQ Location |
AI-based solutions for insurance sales and marketing are provided.
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| domain | founded_year | HQ Location |
Digital distribution and sales solutions for insurance carriers are provided.
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| domain | founded_year | HQ Location |
Provider of automated sales and commission payment platform for insurance and financial products
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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 Simplesurance
Frequently Asked Questions about Simplesurance
When was Simplesurance founded?
Simplesurance was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Simplesurance located?
Simplesurance is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Who is the current CEO of Simplesurance?
Robin von Hein is the current CEO of Simplesurance. They have also founded this company.
Is Simplesurance a funded company?
Simplesurance is a funded company, having raised a total of $61.68M across 6 funding rounds to date. The company's 1st funding round was a Series C of $24M, raised on Mar 03, 2015.
What is the annual revenue of Simplesurance?
Annual revenue of Simplesurance is $8.28M as on Dec 31, 2020.
What does Simplesurance do?
Simplesurance offers insurance solutions to e-commerce and retail businesses. It provides insurance for device, home appliance, car, pet, travel, cyber, etc. It enables cross-selling of insurances at point of sale at e-commerce sites by integrating at the checkout process. It provides product insurance to consumers through local retail stores. It offers a digital broker solution which enables consumers to manage their policies digitally and can be accessed via mobile or web app. Consumers can also reach their personal broker via phone, in-app chat or email. The solution can be integrated through web plugin, partner portal, API plugin or white-label shop.
Who are the top competitors of Simplesurance?
Who are Simplesurance's investors?
Simplesurance has 9 investors. Key investors include Rakuten, Allianz, Tokio Marine Holdings, Oddo BHF, and Allianz X.
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