About Vericity
Vericity is a company based in Chicago (United States) founded in 2013 was acquired by iA Financial Group in October 2023.. The company has 473 employees as of December 31, 2022. Vericity operates in a competitive market with competitors including AIA Group, John Hancock, Western & Southern Financial Group, Nassau Financial Group and Globe Life And Accident Insurance, among others.
- Headquarter Chicago, United States
- Employees 473 as on 31 Dec, 2022
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Annual Revenue
$177.57 M8as on Dec 31, 2023
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Net Profit
$-9.89 M52as on Dec 31, 2023
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
473
as on Dec 31, 2022
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Acquired by
iA Financial Group
(Oct 04, 2023)
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Funding Insights of Vericity
| 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 Vericity
Vericity has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include iA Financial 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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Private foundations focused on insurance sectors
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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 Vericity
| 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 - Vericity
| 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 |
Vericity Comparisons
Competitors of Vericity
Vericity 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 AIA Group, John Hancock, Western & Southern Financial Group, Nassau Financial Group and Globe Life And Accident 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 |
Life insurance and related services are offered across Asia-Pacific markets.
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| domain | founded_year | HQ Location |
Offers life insurance products, investment advice, and retirement planning for individuals and businesses.
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| domain | founded_year | HQ Location |
Life insurance, investments, and retirement solutions are provided to clients.
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| domain | founded_year | HQ Location |
Diversified insurance brokerage services are provided from Hartford.
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| domain | founded_year | HQ Location |
Life and accident insurance policies are provided by the company.
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| domain | founded_year | HQ Location |
Life insurance company
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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 Vericity
Frequently Asked Questions about Vericity
When was Vericity founded?
Vericity was founded in 2013.
Where is Vericity located?
Vericity is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Vericity?
James E Hohmann is the current CEO of Vericity.
How many employees does Vericity have?
As of Dec 31, 2022, the latest employee count at Vericity is 473.
What is the annual revenue of Vericity?
Annual revenue of Vericity is $177.57M as on Dec 31, 2023.
What does Vericity do?
Vericity was established in 2013 in Chicago, United States, within the insurance sector. Life insurance services are delivered through its operations, focusing on policy distribution and management. The company is headquartered in Chicago and serves clients across the United States. Leadership is provided by CEO James E. Hohmann, overseeing core activities in the financial services industry.
Who are the top competitors of Vericity?
Vericity's top competitors include AIA Group, Brighthouse Financial and Globe Life And Accident Insurance.
Who are Vericity's investors?
Vericity has 1 investor. Key investors include iA Financial Group.
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