About Thimble Insurance
Thimble Insurance is a company based in New York (United States) founded in 2015 by Eugene Hertz was acquired by Arch Capital Group in April 2023. It operates as a Subscription Services, and Pay-per-Use / Usage-Based. Thimble Insurance has raised $26.7 million across 3 funding rounds from investors including AXA Venture Partners, IAC and Arch Capital Group. Thimble Insurance offers products and services including General Liability Insurance, Professional Liability Insurance, Business Equipment Protection, Business Owners Policy, and Workers' Compensation Insurance. Thimble Insurance operates in a competitive market with competitors including Jones, Coterie, Huckleberry, instaCOVER and InsuraGuest, among others.
- Headquarter New York, United States
- Founders Eugene Hertz
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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 Verifly Insurance Services, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26.7 M (USD)
in 3 rounds
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Latest Funding Round
$22 M (USD), Series A
Oct 15, 2019
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Investors
AXA Venture Partners
& 8 more
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Employee Count
Employee Count
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Acquired by
Arch Capital Group
(Apr 10, 2023)
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Products & Services of Thimble Insurance
Thimble Insurance offers a comprehensive portfolio of products and services, including General Liability Insurance, Professional Liability Insurance, Business Equipment Protection, Business Owners Policy, and Workers' Compensation Insurance. 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.
Protection is provided against third-party accidents and damages.
Coverage is offered for claims of unsatisfactory work.
Equipment used for work is covered against damage.
General liability and property coverage are bundled together.
Protection is provided for work-related injuries or illnesses.
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Funding Insights of Thimble Insurance
Thimble Insurance has successfully raised a total of $26.7M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $22 million completed in October 2019. 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 Series A — $22.0M
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First Round
First Round
(13 Apr 2015)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Series A - Thimble Insurance | Valuation | IAC | |
| Aug, 2016 | Amount | Seed - Thimble Insurance | Valuation | Slow Ventures |
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| Apr, 2015 | Amount | Seed - Thimble Insurance | Valuation | Graph Ventures , Irelandia Aviation |
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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 Thimble Insurance
Thimble Insurance has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include AXA Venture Partners, IAC and Arch Capital Group. 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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Seed and early-stage investments are focused on French tech firms.
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Founded Year | Domain | Location | |
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Early-stage tech investments are made primarily in US companies.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by OpenOcean venture capital fund.
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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 Thimble 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 - Thimble Insurance
| 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 |
Thimble Insurance Comparisons
Competitors of Thimble Insurance
Thimble 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 Jones, Coterie, Huckleberry, instaCOVER and InsuraGuest, 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 |
On-demand liability insurance platform is provided for businesses.
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| domain | founded_year | HQ Location |
Private label party supplies are offered with customization options.
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| domain | founded_year | HQ Location |
Online insurance quotes for small businesses are provided.
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| domain | founded_year | HQ Location |
insurance coverage for sales or lease transactions
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| domain | founded_year | HQ Location |
On-demand liability insurance is provided for businesses and freelancers.
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| domain | founded_year | HQ Location |
Digital insurance platforms are offered for small 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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Latest news on Thimble Insurance
Frequently Asked Questions about Thimble Insurance
When was Thimble Insurance founded?
Thimble Insurance was founded in 2015.
Where is Thimble Insurance located?
Thimble Insurance is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Thimble Insurance a funded company?
Thimble Insurance is a funded company, having raised a total of $26.7M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Apr 13, 2015.
What does Thimble Insurance do?
Insurance coverage is offered by Thimble for small businesses across various professions. Services are tailored for contractors, landscapers, event professionals, and freelancers. General liability, professional liability, and workers compensation are included in the portfolio. Quick and flexible policies are delivered through an online platform or app. Coverage can be customized by job, month, or year to suit business needs. The focus is placed on fast-moving businesses requiring immediate insurance solutions. A-rated partners back the policies to ensure reliability and trust.
Who are the top competitors of Thimble Insurance?
Thimble Insurance's top competitors include Jones, Huckleberry and Coterie.
What products or services does Thimble Insurance offer?
Thimble Insurance offers General Liability Insurance, Professional Liability Insurance, Business Equipment Protection, Business Owners Policy, and Workers' Compensation Insurance.
Who are Thimble Insurance's investors?
Thimble Insurance has 9 investors. Key investors include AXA Venture Partners, IAC, Arch Capital Group, Slow Ventures, and OpenOcean.