About Surround Insurance
Surround Insurance is a company based in Cambridge (United States) founded in 2018 by Kate Terry and Jonathon Grayson.. Surround Insurance has raised $5.11 million across 3 funding rounds from investors including MassMutual, Plug and Play Tech Center and Aperture Venture Capital. Surround Insurance offers products and services including Insurance Guides, Comparison Tools, and Cost Reduction Tips. Surround Insurance operates in a competitive market with competitors including Clearcover, Cambridge Mobile Telematics, Metromile, HDVI and Sigo Insurance, among others.
- Headquarter Cambridge, United States
- Founders Kate Terry, Jonathon Grayson
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Sectors
Transportation, Automotive & LogisticsFinancial 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
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Net Profit
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EBITDA
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Total Equity Funding
$5.11 M (USD)
in 3 rounds
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Latest Funding Round
$2.51 M (USD), Seed
Oct 28, 2022
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Investors
MassMutual
& 10 more
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Employee Count
Employee Count
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Products & Services of Surround Insurance
Surround Insurance offers a comprehensive portfolio of products and services, including Insurance Guides, Comparison Tools, and Cost Reduction Tips. 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.
Offers articles on selecting and managing auto insurance policies
Provides comparisons of insurance companies and their offerings
Shares methods to lower auto insurance premiums effectively
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Funding Insights of Surround Insurance
Surround Insurance has successfully raised a total of $5.11M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2.51 million completed in October 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 Total Funding
- Total Rounds 3
- Last Round Seed — $2.5M
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First Round
First Round
(25 Jun 2019)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Seed - Surround Insurance | Valuation | MassMutual | |
| Mar, 2021 | Amount | Seed - Surround Insurance | Valuation | Cameron Ventures , Newark Venture Partners | |
| Jun, 2019 | Amount | Grant - Surround Insurance | Valuation |
investors |
| 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 Surround Insurance
Surround Insurance has secured backing from 11 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include MassMutual, Plug and Play Tech Center and Aperture Venture Capital. 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 investments in technology companies are made by Aperture VC.
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Startups are accelerated and invested in across multiple tech sectors.
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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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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 Surround Insurance
| 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 - Surround Insurance
| 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 |
Surround Insurance Comparisons
Competitors of Surround Insurance
Surround Insurance 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 Clearcover, Cambridge Mobile Telematics, Metromile, HDVI and Sigo Insurance, 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 |
Automotive insurance is delivered via an online platform.
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| domain | founded_year | HQ Location |
Usage-based data monitoring solutions for the auto insurance industry
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| domain | founded_year | HQ Location |
App that provides usage-based auto insurance platform for individuals
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| domain | founded_year | HQ Location |
Telematics-based data & monitoring solutions for auto insurers and fleet owners
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| domain | founded_year | HQ Location |
App-based auto insurance comparison is offered to individuals.
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| domain | founded_year | HQ Location |
Vehicle data is monitored through plugin devices for usage-based insurance.
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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 Surround Insurance
Frequently Asked Questions about Surround Insurance
When was Surround Insurance founded?
Surround Insurance was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Surround Insurance located?
Surround Insurance is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of Surround Insurance?
Jonathon Grayson is the current CEO of Surround Insurance. They have also founded this company.
Is Surround Insurance a funded company?
Surround Insurance is a funded company, having raised a total of $5.11M across 3 funding rounds to date. The company's 1st funding round was a Grant of $60K, raised on Jun 25, 2019.
What does Surround Insurance do?
Surround Insurance was founded in 2018 in Cambridge, United States, within the insurance sector. A cloud-based platform is operated to manage auto insurance, including coverages for accidents, property damage, and rented vehicles. An online portal is provided for claim processing by users. Quoting software is supplied to insurance agents and brokers for operational support.
Who are the top competitors of Surround Insurance?
Surround Insurance's top competitors include Clearcover, Metromile and Sigo Insurance.
What products or services does Surround Insurance offer?
Surround Insurance offers Insurance Guides, Comparison Tools, and Cost Reduction Tips.
Who are Surround Insurance's investors?
Surround Insurance has 11 investors. Key investors include MassMutual, Plug and Play Tech Center, Aperture Venture Capital, NVP Capital, and Cameron Ventures.