About Velocity Risk Underwriters
Velocity Risk Underwriters is a company based in Nashville (United States) founded in 2015 was acquired by FM in May 2025.. Velocity Risk Underwriters has raised $130.64 million across 2 funding rounds from investors including Oaktree Capital Management, Ryan Specialty and FM. Velocity Risk Underwriters has completed 1 acquisition, including Insight Risk. Velocity Risk Underwriters offers products and services including E&S Property Insurance, Claims Management Services, and Underwriting Platform. Velocity Risk Underwriters operates in a competitive market with competitors including Neptune Flood, Obie, Faura, Assured Risk Cover and ShoreOne Insurance, among others.
- Headquarter Nashville, United States
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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 Velocity Risk Underwriters, 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
$130.64 M (USD)
in 2 rounds
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Latest Funding Round
$119.39 M (USD), Series C
Jun 27, 2023
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Investors
Oaktree Capital Management
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of Velocity Risk Underwriters
Velocity Risk Underwriters offers a comprehensive portfolio of products and services, including E&S Property Insurance, Claims Management Services, and Underwriting Platform. 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.
Coverage for high-risk perils like hurricanes and earthquakes
Efficient handling of insurance claims for businesses
Data-driven system for risk assessment and capital allocation
Unlock access to complete
Funding Insights of Velocity Risk Underwriters
Velocity Risk Underwriters has successfully raised a total of $130.64M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $119.39 million completed in June 2023. 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 C — $119.4M
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First Round
First Round
(16 Feb 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series C - Velocity Risk Underwriters | Valuation |
investors |
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| Feb, 2020 | Amount | Series B - Velocity Risk Underwriters | 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 Velocity Risk Underwriters
Velocity Risk Underwriters has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Oaktree Capital Management, Ryan Specialty and FM. 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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Real estate fund, infrastructure fund, and private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Specialty insurance solutions are provided to brokers, agents, and carriers.
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Founded Year | Domain | Location | |
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Commercial property insurance solutions are provided to mitigate loss risks.
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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 Velocity Risk Underwriters
Velocity Risk Underwriters has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Insight Risk. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of bundled Builder's Risk insurance and IoT risk mitigation technology
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2021 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Velocity Risk Underwriters
| 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 |
Velocity Risk Underwriters Comparisons
Competitors of Velocity Risk Underwriters
Velocity Risk Underwriters 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 Neptune Flood, Obie, Faura, Assured Risk Cover and ShoreOne Insurance, 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 |
Flood insurance is offered online using LiDAR and IfSAR surveys.
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| domain | founded_year | HQ Location |
Insurance solutions are offered to landlords and real estate investors.
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| domain | founded_year | HQ Location |
Natural disasters insurance is offered to homeowners via climate analytics.
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| domain | founded_year | HQ Location |
Provides hurricane insurance coverage leveraging technology and science for enhanced protection.
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| domain | founded_year | HQ Location |
Provides coastal home insurance with flood and wind coverage in a single policy.
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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 Velocity Risk Underwriters
Frequently Asked Questions about Velocity Risk Underwriters
When was Velocity Risk Underwriters founded?
Velocity Risk Underwriters was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is Velocity Risk Underwriters located?
Velocity Risk Underwriters is headquartered in Nashville, United States. It is registered at Nashville, Tennessee, United States.
Who is the current CEO of Velocity Risk Underwriters?
Philip Bowie is the current CEO of Velocity Risk Underwriters.
Is Velocity Risk Underwriters a funded company?
Velocity Risk Underwriters is a funded company, having raised a total of $130.64M across 2 funding rounds to date. The company's 1st funding round was a Series B of $11.25M, raised on Feb 16, 2020.
What does Velocity Risk Underwriters do?
Velocity Risk Underwriters was founded in 2015 and is headquartered in Nashville, United States. The platform operates in the property insurance sector, offering coverage for commercial and residential properties. Protection is extended against losses from storms, fires, and water damage, with a focus on wind, earthquake, and flood risks in catastrophe-exposed areas. Services are tailored to these high-risk geographies.
Who are the top competitors of Velocity Risk Underwriters?
Velocity Risk Underwriters's top competitors include Neptune Flood, Obie and Faura.
What products or services does Velocity Risk Underwriters offer?
Velocity Risk Underwriters offers E&S Property Insurance, Claims Management Services, and Underwriting Platform.
How many acquisitions has Velocity Risk Underwriters made?
Velocity Risk Underwriters has made 1 acquisition, including Insight Risk.
Who are Velocity Risk Underwriters's investors?
Velocity Risk Underwriters has 3 investors. Key investors include Oaktree Capital Management, Ryan Specialty, and FM.