About Torrent Technologies
Torrent Technologies is a company based in Kalispell (United States) founded in 2005 was acquired by Marsh in October 2014. It operates as a Professional Services, and B2B2C. Torrent Technologies has raised $8.31 million across 2 funding rounds from investors including Marsh. The company has 94 employees as of December 31, 2022. Torrent Technologies offers products and services including TorrentFlood, GetFlood, and ManageFlood. Torrent Technologies operates in a competitive market with competitors including Wefox, Zywave, Stubben Edge, Keystone Agency Partners and Sixfold, among others.
- Headquarter Kalispell, United States
- Employees 94 as on 31 Dec, 2022
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Sectors
Financial Services
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Phone
*********
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Website
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Social
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- Legal Name Torrent Technologies Llc
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Products & Services of Torrent Technologies
Torrent Technologies offers a comprehensive portfolio of products and services, including TorrentFlood, GetFlood, and ManageFlood. 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.
Flagship flood insurance product offered by Torrent Technologies.
Flood insurance solution provided for various property types.
Service for managing flood insurance policies and claims.
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Funding Insights of Torrent Technologies
Torrent Technologies has successfully raised a total of $8.31M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7.5 million completed in October 2010. 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 A — $7.5M
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First Round
First Round
(09 Jan 2009)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2010 | Amount | Series A - Torrent Technologies | Valuation |
investors |
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| Jan, 2009 | Amount | Seed - Torrent Technologies | Valuation |
investors |
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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 Torrent Technologies
Torrent Technologies has secured backing from 1 investor. Prominent investors backing the company include Marsh. 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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Marsh is recognized as a global leader in insurance broking and risk management.
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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 Torrent Technologies
| 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 - Torrent Technologies
| 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 |
Torrent Technologies Comparisons
Competitors of Torrent Technologies
Torrent Technologies 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 Wefox, Zywave, Stubben Edge, Keystone Agency Partners and Sixfold, 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 |
App-based P&C insurance comparison platform for individuals
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| domain | founded_year | HQ Location |
Cloud-based agency management solutions are provided for the insurance industry.
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| domain | founded_year | HQ Location |
Cloud-based management solutions are provided for insurance brokers.
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| domain | founded_year | HQ Location |
Insurance agency management solutions are provided to the industry.
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| domain | founded_year | HQ Location |
AI-based generative tools provider for insurance underwriters
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| domain | founded_year | HQ Location |
App-based management solutions for insurance agents are offered.
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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 Torrent Technologies
Frequently Asked Questions about Torrent Technologies
When was Torrent Technologies founded?
Torrent Technologies was founded in 2005 and raised its 1st funding round 4 years after it was founded.
Where is Torrent Technologies located?
Torrent Technologies is headquartered in Kalispell, United States. It is registered at Kalispell, Montana, United States.
Is Torrent Technologies a funded company?
Torrent Technologies is a funded company, having raised a total of $8.31M across 2 funding rounds to date. The company's 1st funding round was a Seed of $810.42K, raised on Jan 09, 2009.
How many employees does Torrent Technologies have?
As of Dec 31, 2022, the latest employee count at Torrent Technologies is 94.
What does Torrent Technologies do?
Torrent Technologies is focused on transforming the flood insurance landscape through innovative private market products and technology. Solutions are designed to protect individuals, homeowners, renters, and businesses from flooding impacts. The company complements offerings from the National Flood Insurance Program (NFIP) with comprehensive options. Expertise in flood risk, customer experience, and market understanding is utilized to empower clients with resources. Contemporary technologies and simplified processes are applied to enhance service delivery. As a business of Marsh McLennan, Torrent supports Write Your Own (WYO) companies and agents in policy issuance and claims processing.
Who are the top competitors of Torrent Technologies?
Torrent Technologies's top competitors include Wefox, Stubben Edge and Agentero.
What products or services does Torrent Technologies offer?
Torrent Technologies offers TorrentFlood, GetFlood, and ManageFlood.
Who are Torrent Technologies's investors?
Torrent Technologies has 1 investor. Key investors include Marsh.
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