About Verikai
Verikai is a company based in San Francisco (United States) founded in 2017 by Brett Coffin was acquired by AmericanFinancialGrp in December 2021.. Verikai has raised $6.93 million across 3 funding rounds from investors including FIS, AmericanFinancialGrp and Plug and Play Tech Center. Verikai operates in a competitive market with competitors including Sedgwick, Encompass, Moody's Analytics, Munich Re and Riskonnect, among others.
- Headquarter San Francisco, United States
- Founders Brett Coffin
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6.93 M (USD)
in 3 rounds
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Latest Funding Round
$6.86 M (USD), Series A
Jul 08, 2020
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Investors
FIS
& 4 more
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Employee Count
Employee Count
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Acquired by
AmericanFinancialGrp
(Dec 01, 2021)
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Leadership Team
53 people
Software Development Team
43 people
Senior Team
25 people
Legal and Compliance
23 people
Finance and Accounting
13 people
Human Resources and Administration
6 people
Claims Team
5 people
Associate Team
3 people
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Funding Insights of Verikai
Verikai has successfully raised a total of $6.93M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $6.86 million completed in July 2020. 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 3
- Last Round Series A — $6.9M
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First Round
First Round
(03 May 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Series A - Verikai | Valuation | ManchesterStory Group | |
| Jun, 2018 | Amount | Seed - Verikai | Valuation | Plug and Play Tech Center |
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| May, 2018 | Amount | Seed - Verikai | Valuation |
investors |
| 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 Verikai
Verikai has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include FIS, AmericanFinancialGrp and Plug and Play Tech Center. 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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Startups are accelerated and invested in across multiple tech sectors.
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Founded Year | Domain | Location | |
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Early-stage investments are provided in B2B data-driven platforms.
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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 Verikai
| 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 - Verikai
| 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 |
Verikai Comparisons
Competitors of Verikai
Verikai 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 Sedgwick, Encompass, Moody's Analytics, Munich Re and Riskonnect, 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 |
Claims administration, loss adjusting, and benefits management services are provided.
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| domain | founded_year | HQ Location |
Corporate Digital Identity and KYC solutions are provided by Encompass.
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| domain | founded_year | HQ Location |
Risk management software is supplied for insurance and various sectors.
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| domain | founded_year | HQ Location |
Platform offering insurance risk management solutions
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| domain | founded_year | HQ Location |
Cloud-based risk management solutions are offered for the insurance sector.
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| domain | founded_year | HQ Location |
Cloud-based document and risk management software is offered for enterprises.
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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 Verikai
Frequently Asked Questions about Verikai
When was Verikai founded?
Verikai was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Verikai located?
Verikai is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Verikai a funded company?
Verikai is a funded company, having raised a total of $6.93M across 3 funding rounds to date. The company's 1st funding round was a Seed of $75K, raised on May 03, 2018.
What does Verikai do?
Verikai was founded in 2017 in San Francisco, United States, as a provider of a consumer insights platform targeted at insurance and financial services sectors. Individual consumer behavior is predicted by the platform through alternative data and machine learning techniques. Operations focus on enabling companies to access these predictions for decision-making in risk assessment and customer engagement.
Who are the top competitors of Verikai?
Verikai's top competitors include Sedgwick, Encompass and Shift Technology.
Who are Verikai's investors?
Verikai has 5 investors. Key investors include FIS, AmericanFinancialGrp, Plug and Play Tech Center, ManchesterStory Group, and ValueStream Ventures.