About TechCanary
TechCanary is a Financial Services company based in Milwaukee (United States) founded in 2013, and was acquired by Applied in April 2019. It operates as a cloud-based agency management solutions are offered for insurance agencies. TechCanary has raised $200 thousand across 1 funding round from investors including Applied Systems. The company has 12 employees. TechCanary has completed 2 acquisitions, including Terminus Consulting and Terminus Consulting. The company was acqui-hired. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Software for Insurance Intermediaries. Its legal entity is TECH CANARY CORPORATION. Its competitors include Wefox, Keystone Agency Partners, Agentero, Zywave and Stubben Edge and 5 more; 8 of its 10 listed competitors have raised funding.
Company details
TechCanary was founded in 2013 and is based in Milwaukee, United States. Cloud-based solutions for agency management in the insurance sector are developed and provided. The core product, Canary AMS, integrates CRM functionalities with a SalesForce platform, supporting insurance agencies and agents in their operations. Services focus on streamlining management processes through digital tools.
- Headquarters Milwaukee, United States
- Employees 12
- Stage Acquired
- SectorsFinancial Services
- Website techcanary.com
- Social LinkedIn Facebook
- Acquired by Applied (Apr 2019)
- Legal Name Tech Canary Corporation
- Total Equity Funding$200K (USD)
in 1 rounds
- Latest Funding Round$200K (USD), Seed
Aug 2016
- Investors
- Employee Count12
- Investments & AcquisitionsTerminus Consulting
& 1 more
- Acquired byApplied
(Apr 2019)
Funding Insights of TechCanary
TechCanary has successfully raised a total of $200K through 1 strategic funding round. The most recent funding activity was a Seed round of $200 thousand completed in August 2016. 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 $200,000
- Total Rounds 1
- Last Round Seed — $200,000
- First Round $200,000
(Aug 2016)
All 1 funding rounds of TechCanary 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 |
|---|---|---|---|---|---|
| Aug 2016 | $200,000 | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in TechCanary
TechCanary has secured backing from 1 investor. Prominent investors backing the company include Applied Systems.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Insurance technology solutions are provided by Applied Systems for agencies. | 1983 | appliedsystems.com | University Park, United States |
Investor details for TechCanary
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Investments & Acquisitions by TechCanary
TechCanary has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Terminus Consulting and Terminus Consulting.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Trading services are provided to the investment industry. | terminusa.com | New Castle, United States | 2001 | Nov 2017 | •••• | |
Advertising and market research services are provided by Terminus. | terminus.consulting | – | 2016 | Oct 2017 | •••• |
Complete acquisition details for TechCanary
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Timeline of TechCanary
5 dated milestones of TechCanary across 6 years, from founding to its latest funding, stage changes and deals.
- Founded TechCanary is founded.
- Funding First funding round of $200K.
- Acquisition Acquires Terminus Consulting.
- Acquisition Acquires Terminus Consulting.
- Exit Acquired by Applied.
Competitors of TechCanary
TechCanary has 10 listed competitors in our database, 8 of them funded. They include Wefox, Keystone Agency Partners, Agentero, Zywave and Stubben Edge, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| wefox.com | 2015 | Berlin, Germany | $1.61B | 394 | App-based P&C insurance comparison platform for individuals | |
| keystoneagencypartners.com | 2020 | Harrisburg, United States | – | 418 | Insurance agency management solutions are provided to the industry. | |
| agentero.com | 2017 | Berkeley, United States | $23.5M | – | App-based management solutions for insurance agents are offered. | |
| zywave.com | 1995 | Milwaukee, United States | – | 679 | Cloud-based agency management solutions are provided for the insurance industry. | |
| stubbenedge.com | 2010 | London, United Kingdom | $37.1M | 63 | Cloud-based management solutions are provided for insurance brokers. | |
| iprism.co.uk | 2006 | London, United Kingdom | $11.92M | 42 | SME insurance portfolios are managed via an online broker platform. | |
| useindio.com | 2015 | San Francisco, United States | $30M | 67 | SaaS-based solutions for commercial insurance agency management are offered. | |
| veruna.com | 2015 | Boston, United States | $15.1M | 45 | Agency management software is offered for insurance agents. | |
| sixfold.ai | 2023 | New York, United States | $21.5M | – | AI-based generative tools provider for insurance underwriters | |
| thinksurance.de | 2015 | Frankfurt Am Main, Germany | $38.51M | 69 | Insurance distribution is enabled via specialized software platforms. |
Detailed competitors of TechCanary
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Web traffic of TechCanary
Websites that share an audience with TechCanary (techcanary.com).
Websites whose visitors overlap most with TechCanary. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| radiusbob.com | 100% | 17K | #645,438 | View details |
Top companies in Insurance Technology & Support Services
10 companies that operate in the same segment as TechCanary (Insurance Technology & Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | – | USD 1.48 B | 226 | |
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | – | – | |
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | – | 699 | |
Satellite-based imaging solutions are provided using synthetic aperture radar. | 2016 | Palo Alto, California, United States | USD 233.99 M | – | 191 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M | – | – | |
AI and microsatellite-based imaging solutions are developed for data monitoring. | 2014 | Espoo, Uusimaa, Finland | USD 1.25 B | USD 111.51 M | 1,156 | |
Software suite for insurance distribution and management is provided. | 2014 | New York, New York, United States | USD 354.55 M | USD 21.6 K | 649 | |
AI-enabled driver monitoring and fleet safety management solutions | 2015 | Palo Alto, California, United States | USD 215 M | – | 109 |
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Related news about Techcanary
Complete news archive for TechCanary
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Frequently Asked Questions about TechCanary
TechCanary was founded in 2013 and raised its 1st funding round 3 years after it was founded.
TechCanary is headquartered in Milwaukee, United States. It is registered at Milwaukee, Wisconsin, United States.
TechCanary is a funded company, having raised a total of $200K across 1 funding round to date. The company's 1st funding round was a Seed of $200K, raised on Aug 2016.
TechCanary has 12 employees.
TechCanary was founded in 2013 and is based in Milwaukee, United States. Cloud-based solutions for agency management in the insurance sector are developed and provided. The core product, Canary AMS, integrates CRM functionalities with a SalesForce platform, supporting insurance agencies and agents in their operations. Services focus on streamlining management processes through digital tools.
TechCanary's top competitors include Wefox, Stubben Edge and Agentero.
TechCanary has made 2 acquisitions, including Terminus Consulting, and Terminus Consulting.
TechCanary has 1 investor. Key investors include Applied Systems.
TechCanary operates through Tech Canary Corporation.
Yes. TechCanary was acquired by Applied in April 2019.