About The Floow
The Floow is a company based in Sheffield (United Kingdom) founded in 2012 was acquired by Otonomo in February 2022.. The Floow has raised $15.98 million across 2 funding rounds from investors including Fosun, Otonomo and European Union. The company has 92 employees as of December 31, 2021. The Floow offers products and services including FloowDrive, Predictive Scores, and Data Products. The Floow operates in a competitive market with competitors including Coalition, Zego, Marshmallow, Cuvva and Octo Telematics, among others.
- Headquarter Sheffield, United Kingdom
- Employees 92 as on 31 Dec, 2021
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Sectors
Transportation, Automotive & LogisticsFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name The Floow Limited
- Date of Incorporation 28 Feb, 2012
- Jurisdiction SHEFFIELD, SOUTH YORKSHIRE, UNITED KINGDOM
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Annual Revenue
$9.24 M (USD)36as on Dec 31, 2020
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Net Profit
$-5.58 M (USD)-27as on Dec 31, 2020
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EBITDA
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Total Equity Funding
$15.98 M (USD)
in 2 rounds
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Latest Funding Round
$15.98 M (USD), Series B
Mar 06, 2017
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Investors
Fosun
& 3 more
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Employee Count
92
as on Dec 31, 2021
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Acquired by
Otonomo
(Feb 28, 2022)
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Products & Services of The Floow
The Floow offers a comprehensive portfolio of products and services, including FloowDrive, Predictive Scores, and Data Products. 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.
Application for driver evaluation and earning safe driving discounts
Tools for predicting mobility risks and enhancing insurance outcomes
Suite providing access to various data sources for user engagement
Unlock access to complete
Funding Insights of The Floow
The Floow has successfully raised a total of $15.98M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $15.98 million completed in March 2017. 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 Series B — $16.0M
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First Round
First Round
(01 Feb 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2017 | Amount | Series B - The Floow | Valuation | Fosun | |
| Feb, 2016 | Amount | Grant - The Floow | Valuation |
investors |
| 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 The Floow
The Floow has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Fosun, Otonomo and European Union. 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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Diversified investment, asset management, and insurance services are offered globally.
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Founded Year | Domain | Location | |
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Direct Line Group is engaged in providing insurance and related services in the UK.
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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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 The Floow
| 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 - The Floow
| 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 |
The Floow Comparisons
Competitors of The Floow
The Floow 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 Coalition, Zego, Marshmallow, Cuvva and Octo Telematics, 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 |
Online property and casualty insurance is provided for businesses.
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| domain | founded_year | HQ Location |
Motor insurance is provided for personal and work driving.
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| domain | founded_year | HQ Location |
Auto insurance is delivered via app to individual drivers.
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| domain | founded_year | HQ Location |
Online usage-based car insurance solutions
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| domain | founded_year | HQ Location |
Provider of telematics and data analytics solutions for the insurance and connected mobility sectors
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| domain | founded_year | HQ Location |
Pay-per-mile auto insurance is offered through a mobile app.
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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 The Floow
Frequently Asked Questions about The Floow
When was The Floow founded?
The Floow was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Where is The Floow located?
The Floow is headquartered in Sheffield, United Kingdom. It is registered at Sheffield, England, United Kingdom.
Is The Floow a funded company?
The Floow is a funded company, having raised a total of $15.98M across 2 funding rounds to date. The company's 1st funding round was a Grant of $23.43K, raised on Feb 01, 2016.
How many employees does The Floow have?
As of Dec 31, 2021, the latest employee count at The Floow is 92.
What is the annual revenue of The Floow?
Annual revenue of The Floow is $9.24M as on Dec 31, 2020.
What does The Floow do?
Provider of telematics data for insurance. It provides motor insurers, car makers, and fleet operators with actionable insights to increase ROI. It has a proprietary self-installed device and applications for Android and Apple platforms, which are fully compatible with any telematic data source. Its platform improves premium pricing and reduces claims.
Who are the top competitors of The Floow?
The Floow's top competitors include Marshmallow, Coalition and Cuvva.
What products or services does The Floow offer?
The Floow offers FloowDrive, Predictive Scores, and Data Products.
Who are The Floow's investors?
The Floow has 4 investors. Key investors include Fosun, Otonomo, European Union, and Direct Line Group.