ThingCo

London, United Kingdom Founded: 2018 • Age: 8 yrs
AI and cloud-driven telematics solutions are provided for insurance markets.
Annual revenue - Latest available
Total funding $6.7M 2 rounds
Employees 24 Tracked headcount
Investors 2 Known backers
Products 2 Services tracked
Competitors 11 Brand Intelligence

About ThingCo

ThingCo is a company based in London (United Kingdom) founded in 2018 by Mike Brockman. ThingCo has raised $6.74 million across 2 funding rounds from investors including BGL Group and Bhl Uk Holdings Ltd. The company has 24 employees as of December 31, 2021. ThingCo offers products and services including Telematics Platform and AI-Driven Devices. ThingCo operates in a competitive market with competitors including Cuvva, Zego, Marshmallow, By Miles and Octo Telematics, among others.

  • Headquarter London, United Kingdom
  • Employees 24 as on 31 Dec, 2021
  • Founders Mike Brockman
  • Sectors
    Technology
    Financial Services Transportation, Automotive & Logistics
  • Email
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  • Phone
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  • Website
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  • Social
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  • Legal Name Thingco Limited
  • Date of Incorporation 11 Dec, 2017
  • Jurisdiction LONDON, ENGLAND, ENGLAND
Operational Areas
Technology → Internet of Things (IoT) & Connectivity Unlock Sub-Sector Unlock Segment
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Transportation, Automotive & Logistics → Automotive Technology & Mobility Solutions Unlock Sub-Sector Unlock Segment
Transportation, Automotive & Logistics → Road Transportation & Transit Systems Unlock Sub-Sector Unlock Segment
Transportation, Automotive & Logistics → Automotive Retail, Aftermarket & Services Unlock Sub-Sector Unlock Segment
Financial Services → FinTech & Digital Finance Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $6.74 M (USD)

    in 2 rounds

  • Latest Funding Round
    $2.66 M (USD), Series A

    Jul 31, 2025

  • Investors
    BGL Group

    & 1 more

  • Employee Count
    24

    as on Dec 31, 2021

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Products & Services of ThingCo

ThingCo offers a comprehensive portfolio of products and services, including Telematics Platform and AI-Driven Devices.

Product name locked
Category locked
Primary

Encrypted platform for collecting telematics data in vehicles.

Product name locked
Category locked
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Devices offering real-time voice assistance for telematics applications.

People of ThingCo

Headcount 1-10
Employee Profiles 9
Employee Profiles
People
Mike Brockman
CEO
People
Jon Valentine
CTO
People
Martin Williams
COO & Board Director
People
Matt Masters
Head of Platform

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Funding Insights of ThingCo

ThingCo has successfully raised a total of $6.74M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.66 million completed in July 2025. 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 ThingCo

ThingCo has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include BGL Group and Bhl Uk Holdings Ltd.

All
Institutional
Investor Description Founded Year Domain Location
Insurance and financial services are distributed digitally by BGL Group.
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Investor details for ThingCo

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Investments & Acquisitions by ThingCo

Investments
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Investment portfolio details for ThingCo

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Financial Statements - ThingCo

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Detailed financials for ThingCo

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Thingco Comparisons

ThingCo Primary company
Description
AI and cloud-driven telematics solutions are provided for in...
Location
London, United Kingdom
Founded Year
2018
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
24
As of 2021
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Peer comparison for ThingCo

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Competitors of ThingCo

ThingCo 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 Cuvva, Zego, Marshmallow, By Miles and Octo Telematics, among others.

Company Name Domain Founded year HQ Location Description
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Online usage-based car insurance solutions
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Motor insurance is provided for personal and work driving.
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Auto insurance is delivered via app to individual drivers.
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Pay-per-mile auto insurance is offered through a mobile app.
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Provider of telematics and data analytics solutions for the insurance and connected mobility sectors
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Provider of telematics data for insurance
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Detailed competitors of ThingCo

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Latest news on Thingco

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Complete news archive for ThingCo

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  • Source and publication date
  • Older coverage
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Frequently Asked Questions about ThingCo

ThingCo was founded in 2018 and raised its 1st funding round 3 years after it was founded.

ThingCo is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.

Mike Brockman is the current CEO of ThingCo. They have also founded this company.

ThingCo is a funded company, having raised a total of $6.74M across 2 funding rounds to date.

As of Dec 31, 2021, the latest employee count at ThingCo is 24.

ThingCo was established in 2018 in London, United Kingdom. Telematics solutions powered by AI and cloud technology are delivered to B2B and B2C customers. Market gaps in insurance and telematics are targeted through in-depth sector knowledge and real-time risk mitigation tools. Operations focus on enhancing data-driven decision-making across connected vehicle services.

ThingCo's top competitors include Marshmallow, Cuvva and Octo Telematics.

ThingCo offers Telematics Platform and AI-Driven Devices.

ThingCo has 2 investors. Key investors include BGL Group, and Bhl Uk Holdings Ltd.

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