About Surround Insurance
Surround Insurance is a Transportation, Automotive & Logistics company based in Cambridge (United States) founded in 2018 by Kate Terry and Jonathon Grayson. Auto insurance solutions are delivered via a cloud-based platform. It operates in the Transportation, Automotive & Logistics and Financial Services sectors. Surround Insurance has raised $5.11 million across 3 funding rounds from investors including MassMutual, Plug and Play Tech Center and Aperture Venture Capital. Its chief executive, as recorded, is Jonathon Grayson. Surround Insurance offers products and services including Insurance Guides, Comparison Tools, and Cost Reduction Tips. Its focus areas include FinTech, Internet First Insurance Platforms, Internet First Insurers and P&C. Its competitors include Clearcover, Cambridge Mobile Telematics and Metromile; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Cambridge, United States
- Founders Kate Terry, Jonathon Grayson
- SectorsTransportation, Automotive & LogisticsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website surroundinsurance.com
- Social LinkedIn X
- Total Equity Funding$5.11M (USD)
in 3 rounds
- Latest Funding Round$2.51M (USD), Seed
Oct 2022
- InvestorsMassMutual
& 10 more
Products & Services of Surround Insurance
Surround Insurance offers a comprehensive portfolio of products and services, including Insurance Guides, Comparison Tools, and Cost Reduction Tips.
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
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 $5.11M
- Total Rounds 3
- Last Round Seed — $2.51M
- First Round $60,000
(Jun 2019)
- Investors Count 11
All 3 funding rounds of Surround Insurance 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 |
|---|---|---|---|---|---|
| Oct 2022 | $2.51M | Seed | – | MassMutual | |
| Mar 2021 | $2.6M | Seed | – | Cameron Ventures, Newark Venture Partners | |
| Jun 2019 | $60,000 | Grant | – | – |
11 investors in total: 7 institutional and 4 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage investments in technology companies are made by Aperture VC. | aperturevc.com | |||
| cameronvc.com | ||||
Startups are accelerated and invested in across multiple tech sectors. | 2006 | plugandplaytechcenter.com | Sunnyvale, United States | |
| sure.ventures | ||||
Early-stage entrepreneurs are accelerated through MassChallenge's program. | masschallenge.org | Boston, United States | ||
Mutual life insurance company | 1851 | massmutual.com | Springfield, United States | |
Early-stage venture capital is provided to innovative startups by NVP Capital. | newarkventurepartners.com | |||
MH Mike Hughes | Indian angel investor with focus on early-stage tech startups. | unknown_0f58695203044084b | ||
HS Helen Sayles | unknown_cf09fd6afc2e41178 | |||
RH Robin Harbage | Angel investor and advisor, focused on Indian startups and technology sectors. | unknown_329c9eb44e95496aa |
Investor details for Surround Insurance
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of Surround Insurance
6 people are tracked at Surround Insurance (2 in leadership, 2 in board & advisors, 2 in team).
| Name | Role | Group |
|---|---|---|
Kate Terry | Co-Founder & COO | Leadership |
Jonathon Grayson | Co-Founder & CEO | Leadership |
Jay Grayson | Co-Founder | Board & advisors |
John Barbagallo | Independent Director | Board & advisors |
Michelle Mccormick | Customer Service | Team |
Michael Springer | Insurance Agent | Team |
Complete people profiles for Surround Insurance
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Surround Insurance
3 dated milestones of Surround Insurance across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Surround Insurance is founded.
- Funding First funding round of $60K.
- Funding Latest funding round, Seed, of $2.5M.
Competitors of Surround Insurance
Surround Insurance has 3 listed competitors in our database, 3 of them funded. They include Clearcover, Cambridge Mobile Telematics and Metromile.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| clearcover.com | 2016 | Chicago, United States | $457.2M | 450 | Automotive insurance is delivered via an online platform. | |
| cmtelematics.com | 2010 | Cambridge, United States | $502.5M | 318 | Usage-based data monitoring solutions for the auto insurance industry | |
| metromile.com | 2011 | San Francisco, United States | $295.4M | 389 | App that provides usage-based auto insurance platform for individuals |
Detailed competitors of Surround Insurance
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Related news about Surround Insurance
Complete news archive for Surround Insurance
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Frequently Asked Questions about Surround Insurance
Surround Insurance was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Surround Insurance is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Jonathon Grayson is the CEO of Surround Insurance, as recorded in our data. They have also founded this 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 2019.
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.
Surround Insurance's top competitors include Clearcover, Metromile and Cambridge Mobile Telematics.
Surround Insurance offers Insurance Guides, Comparison Tools, and Cost Reduction Tips.
Surround Insurance has 11 investors. Key investors include MassMutual, Plug and Play Tech Center, Aperture Venture Capital, NVP Capital, and Cameron Ventures.