About SureBright
SureBright is a company based in Toronto (Canada) founded in 2004 by Kai Jia and Manish Chauhan.. SureBright has raised $3 million across 2 funding rounds from investors including Plug and Play Tech Center, Simplex Investments and Y Combinator. SureBright offers products and services including Warranty Platform and Merchant Portal. SureBright operates in a competitive market with competitors including Element, Boost, Octamile, Eleos Life and Hakuna, among others.
- Headquarter Toronto, Canada
- Founders Kai Jia, Manish Chauhan
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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
*********
- Legal Name Surebright Technologies Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3 M (USD)
in 2 rounds
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Latest Funding Round
$500 K (USD), Seed
Jun 01, 2024
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Investors
Plug and Play Tech Center
& 5 more
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Employee Count
Employee Count
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Products & Services of SureBright
SureBright offers a comprehensive portfolio of products and services, including Warranty Platform and Merchant Portal. 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.
Platform for managing product warranties and claims digitally.
Tool for tracking revenue and customizing warranty offers.
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Funding Insights of SureBright
SureBright has successfully raised a total of $3M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $500 thousand completed in June 2024. 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 2
- Last Round Seed — $500,000
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First Round
First Round
(31 Aug 2022)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Seed - SureBright | Valuation |
investors |
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| Aug, 2022 | Amount | Seed - SureBright | Valuation | Motivate Venture Capital , Panache Ventures |
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| 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 SureBright
SureBright has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Plug and Play Tech Center, Simplex Investments and Y Combinator. 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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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Early-stage venture capital fund investing in B2B & B2C startups
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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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 SureBright
| 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 - SureBright
| 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 |
Surebright Comparisons
Competitors of SureBright
SureBright 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 Element, Boost, Octamile, Eleos Life and Hakuna, 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 |
A decentralized messaging app is provided for enterprise teams.
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| domain | founded_year | HQ Location |
P&C, insurtech, and embedded insurance services are provided by Boost.
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| domain | founded_year | HQ Location |
AI-based insurance claim management solutions for insurance & other businesses
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| domain | founded_year | HQ Location |
White-labelled insurance company that offers income protection insurance which can be bought online
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| domain | founded_year | HQ Location |
Provider of product authentication and protection software solutions for businesses
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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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Frequently Asked Questions about SureBright
When was SureBright founded?
SureBright was founded in 2004 and raised its 1st funding round 18 years after it was founded.
Where is SureBright located?
SureBright is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of SureBright?
Manish Chauhan is the current CEO of SureBright. They have also founded this company.
Is SureBright a funded company?
SureBright is a funded company, having raised a total of $3M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Aug 31, 2022.
What does SureBright do?
SureBright was founded in 2004 in Toronto, Canada, as a provider of an insurance-as-a-service platform. Insurance and warranty products are embedded into business websites through this platform. Connections are facilitated, average order values are increased, and merchant setups are created. Purchase conversions are improved, and claims are processed efficiently within the insurance technology sector. Operations focus on enabling seamless integration for various enterprises.
Who are the top competitors of SureBright?
SureBright's top competitors include Boost, Element and Eleos Life.
What products or services does SureBright offer?
SureBright offers Warranty Platform and Merchant Portal.
Who are SureBright's investors?
SureBright has 6 investors. Key investors include Plug and Play Tech Center, Simplex Investments, Y Combinator, Motivate Venture Capital, and Panache Ventures.