About Spot
Spot is a Financial Services company based in Austin (United States) founded in 2017 by Matt Randall. On-demand injury insurance is provided for high-risk sports participants. Spot has raised $47.68 million across 5 funding rounds from investors including MS & AD, Mutual of Omaha and Ensemble VC. The company has 38 employees. Its chief executive, as recorded, is Matt Randall. Its website getspot.com draws about 18 thousand monthly visits. Spot offers products and services including Injury Insurance, Refund Coverage, and Travel Insurance. Its focus areas include FinTech, Internet First Insurance Platforms, Internet First Insurers and P&C. Its legal entity is SPOT INSURANCE INC.
Company details
Spot was founded in 2017 in Austin, United States, as an on-demand injury insurance platform targeting individuals. Coverage is extended to activities such as mountaineering, jet-skiing, and cycling through flexible, subscription-based options. Claims settlement services are also handled to support policyholders in the personal insurance sector. Operations focus on accessible, short-term protection for recreational risks.
- Headquarters Austin, United States
- Employees 38
- Founders Matt Randall
- SectorsFinancial Services
- Email••••••••
- Website getspot.com
- Social LinkedIn X Facebook
- Legal Name Spot Insurance Inc.
- Total Equity Funding$47.68M (USD)
in 5 rounds
- Latest Funding Round$8M (USD), Debt – Conventional
Jun 2022
- InvestorsMS & AD
& 6 more
- Employee Count38
Products & Services of Spot
Spot offers a comprehensive portfolio of products and services, including Injury Insurance, Refund Coverage, and Travel Insurance.
Covers medical expenses for injuries in activities.
Ensures refunds for canceled events or purchases.
Protects against travel disruptions and losses.
Funding Insights of Spot
Spot has successfully raised a total of $47.68M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $8 million completed in June 2022. 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 $47.68M
- Total Rounds 5
- Last Round Debt – Conventional — $8M
- First Round $5.59M
(Dec 2018)
- Investors Count 7
All 5 funding rounds of Spot 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 |
|---|---|---|---|---|---|
| Jun 2022 | $8M | Debt – Conventional | – | – | |
| May 2022 | $27.1M | Series B | – | Ensemble | |
| Jul 2021 | $2.5M | Debt – Conventional | – | – | |
| Jul 2021 | $15M | Series A | – | GreatPoint Ventures | |
| Dec 2018 | $5.59M | Series A | – | Silverton Partners | – |
7 investors in total: 7 institutional.
Investors in Spot
Spot has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include MS & AD, Mutual of Omaha and Ensemble VC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are funded by Ensemble, a venture capital firm. | ensemble.vc | Austin, United States | ||
Venture capital firm focused on multiple sectors | sozoventures.com | Redwood City, United States | ||
Tech companies are funded through venture capital by Silverton Partners. | silvertonpartners.com | Austin, United States | ||
Venture capital firm focused on early-stage big data, health tech, AI, food tech, and multiple sectors | gpv.com | San Francisco, United States | ||
US focused growth stage VC firm | montageventures.com | Menlo Park, United States | ||
Insurance and financial services are provided across the United States. | 2010 | mutualofomaha.com | Omaha, United States | |
Insurance holding company | 2008 | ms-ad-hd.com | Tokyo, Japan |
Investor details for Spot
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Spot
18 people are tracked at Spot (9 in leadership, 9 in team); the tracked headcount is 38.
| Name | Role | Group |
|---|---|---|
Matt Randall | Co-Founder & CEO | Leadership |
Andrew Cunningham | Head of Product | Leadership |
Lisa McGee | Director of Strategy and Research | Leadership |
Joel Hamann | VP of Finance | Leadership |
Tory Hanabury | Chief of Staff | Leadership |
Jose Bracho | Director, Finance (FP&A) | Leadership |
Tim Bailer | Director of Customer | Leadership |
Zachary Graham | Senior Partner Success Manager | Leadership |
Lacey Rivette | Partner Integration Manager | Leadership |
Madi Love | Customer Team Lead | Team |
Kelsey Nickerson | Strategy & Operations Manager | Team |
Camille Cummings | Customer Advocate | Team |
Janeé Burch | Accounting Coordinator | Team |
Kristin Rotge | Senior Finance Manager | Team |
Channon Caceres-Villalvir | Customer Advocate | Team |
Aurore Hockman | Customer Advocate | Team |
Mark Dieter Bozarth-Dreher | Sales Executive | Team |
Samantha Spencer | Customer Team Lead | Team |
Complete people profiles for Spot
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Spot
3 dated milestones of Spot across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Spot is founded.
- Funding First funding round of $5.6M.
- Funding Latest funding round, Debt – Conventional, of $8.0M.
Web traffic of Spot
The website of Spot (getspot.com) receives about 18.1K visits a month.
- Monthly visits18.1K
▼ 6.2% vs previous month
Websites whose visitors overlap most with Spot. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
ikonpass.com | ikonpass.com | 100% | #31,371 | – | |
| redskyinsurance.com | 26% | 3.9K | #7,066,021 | View details | |
spotpet.com | spotpet.com | 24% | #51,796 | – |
Top companies in Insurance Providers
3 companies that operate in the same segment as Spot (Insurance Providers) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of a cloud-based platform for life and P&C insurance | 2015 | New York, New York, United States | USD 644 M | USD 615.2 M | 1,471 | |
Online small business insurance policies are provided. | 2016 | Palo Alto, California, United States | USD 1.12 B | 549 | ||
App-based comparison platform for financial products | 2009 | San Francisco, California, United States | USD 123.3 M | USD 836.6 M | 650 |
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Related news about Spot
Complete news archive for Spot
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Frequently Asked Questions about Spot
Spot was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Spot is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Matt Randall is the CEO of Spot, as recorded in our data. They have also founded this company.
Spot is a funded company, having raised a total of $47.68M across 5 funding rounds to date. The company's 1st funding round was a Series A of $5.59M, raised on Dec 2018.
Spot has 38 employees.
Spot was founded in 2017 in Austin, United States, as an on-demand injury insurance platform targeting individuals. Coverage is extended to activities such as mountaineering, jet-skiing, and cycling through flexible, subscription-based options. Claims settlement services are also handled to support policyholders in the personal insurance sector. Operations focus on accessible, short-term protection for recreational risks.
Spot offers Injury Insurance, Refund Coverage, and Travel Insurance.
Spot has 7 investors. Key investors include MS & AD, Mutual of Omaha, Ensemble VC, Sozo Ventures, and Silverton Partners.
Spot operates through Spot Insurance Inc..