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
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- Legal Name Verifly Insurance Services, Llc
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
People of Thimble Insurance
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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.
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.
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Seed and early-stage investments are focused on French tech firms.
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Early-stage tech investments are made primarily in US companies.
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Multiple sectors are invested in by OpenOcean venture capital fund.
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Investor details for Thimble Insurance
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Investments & Acquisitions by Thimble Insurance
Investment portfolio details for Thimble Insurance
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
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- Transaction dates
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Financial Statements - Thimble Insurance
Detailed financials for Thimble Insurance
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- Profit trends
- Statement rows
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Thimble Insurance Comparisons
Peer comparison for Thimble Insurance
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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.
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On-demand liability insurance platform is provided for businesses.
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Private label party supplies are offered with customization options.
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Online insurance quotes for small businesses are provided.
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insurance coverage for sales or lease transactions
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On-demand liability insurance is provided for businesses and freelancers.
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Digital insurance platforms are offered for small businesses.
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Detailed competitors of Thimble Insurance
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- Full company profiles
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Latest news on Thimble Insurance
Complete news archive for Thimble Insurance
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Frequently Asked Questions about Thimble Insurance
Thimble Insurance was founded in 2015.
Thimble Insurance is headquartered in New York, United States. It is registered at New York, New York, United States.
Thimble Insurance is a funded company, having raised a total of $26.7M across 3 funding rounds to date.
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.
Thimble Insurance's top competitors include Jones, Huckleberry and Coterie.
Thimble Insurance offers General Liability Insurance, Professional Liability Insurance, Business Equipment Protection, Business Owners Policy, and Workers' Compensation Insurance.
Thimble Insurance has 9 investors. Key investors include AXA Venture Partners, IAC, Arch Capital Group, Slow Ventures, and OpenOcean.