About Simply Business
Simply Business is a company based in London (United Kingdom) founded in 2000 was acquired by Travelers in August 2017.. Simply Business offers products and services including Public Liability Insurance, Professional Indemnity Insurance, Employers Liability Insurance, Landlord Insurance, and Van Insurance. Simply Business operates in a competitive market with competitors including Direct Line for Business, Lorica Insurance Bkr, Get Indemnity, constructaquote.com and InvoiceInsure, among others.
- Headquarter London, United Kingdom
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Xbridge Limited
- Date of Incorporation 04 Apr, 2000
- Jurisdiction LONDON, UNITED KINGDOM
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Products & Services of Simply Business
Simply Business offers a comprehensive portfolio of products and services, including Public Liability Insurance, Professional Indemnity Insurance, Employers Liability Insurance, Landlord Insurance, and Van 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.
Covers claims for injuries or damage from business activities
Protects against negligence claims in professional services
Mandates coverage for employee injuries at work
Provides protection for rental properties and tenants
Offers coverage for business vehicles against accidents
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Software Development Team
36 people
Product Management Team
13 people
Leadership Team
10 people
Senior Team
8 people
Sales and Marketing
7 people
Finance and Accounting
7 people
Operations Team
3 people
Human Resources and Administration
3 people
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Funding Insights of Simply Business
| 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 Simply Business
Simply Business has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Travelers and Aquiline Capital Partners. 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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Private equity and debt investments are directed toward financial sectors.
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Founded Year | Domain | Location | |
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Property and casualty insurance is provided to individuals and businesses.
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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 Simply Business
| 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 - Simply Business
| 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 |
Simply Business Comparisons
Competitors of Simply Business
Simply Business 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 Direct Line for Business, Lorica Insurance Bkr, Get Indemnity, constructaquote.com and InvoiceInsure, 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 |
Offers insurance policies for vans, landlords, tradesmen, and small businesses in the UK.
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| domain | founded_year | HQ Location |
Online brokerage for commercial insurance risks is offered.
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| domain | founded_year | HQ Location |
Digital insurance broker
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| domain | founded_year | HQ Location |
Online platform for business insurance quotes from multiple providers.
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| domain | founded_year | HQ Location |
Offers invoice insurance against bad debt for businesses.
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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 Simply Business
Frequently Asked Questions about Simply Business
When was Simply Business founded?
Simply Business was founded in 2000.
Where is Simply Business located?
Simply Business is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
What does Simply Business do?
Founded in 2000 and based in London, United Kingdom, Simply Business operates as an online insurance broker in the financial services sector. Tailored insurance policies are delivered to meet individual business needs, with quotes compared from leading insurers. Specialization occurs in coverage for small businesses, including tradesmen, shops, restaurants, pubs, and self-employed professionals. Services extend to more than 300,000 businesses and landlords.
Who are the top competitors of Simply Business?
Simply Business's top competitors include Lorica Insurance Bkr, PolicyBee and Get Indemnity.
What products or services does Simply Business offer?
Simply Business offers Public Liability Insurance, Professional Indemnity Insurance, Employers Liability Insurance, Landlord Insurance, and Van Insurance.
Who are Simply Business's investors?
Simply Business has 2 investors. Key investors include Travelers, and Aquiline Capital Partners.