About Veruna
Veruna is a company based in Boston (United States) founded in 2015.. Veruna has raised $15.1 million across 4 funding rounds from investors including Guidewire, Keystone Insurers Group and Berkeley Ventures. The company has 45 employees as of December 31, 2023. Veruna offers products and services including Veruna CRM, Agency Management System, Quote Hero, Client Experience Center, and Accounting and Billing Module. Veruna operates in a competitive market with competitors including Wefox, Stubben Edge, Zywave, Keystone Agency Partners and Sixfold, among others.
- Headquarter Boston, United States
- Employees 45 as on 31 Dec, 2023
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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
*********
- Legal Name Veruna 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
$15.1 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Guidewire
& 5 more
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Employee Count
45
as on Dec 31, 2023
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Products & Services of Veruna
Veruna offers a comprehensive portfolio of products and services, including Veruna CRM, Agency Management System, Quote Hero, Client Experience Center, and Accounting and Billing Module. 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.
Manages sales and client interactions for insurance agencies.
Handles workflows and servicing for insurance brokers and agencies.
Facilitates quick quote generation for insurance products.
Provides mobile-friendly self-service options for clients.
Manages GAAP-compliant accounting and commission tracking.
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Funding Insights of Veruna
Veruna has successfully raised a total of $15.1M across 4 strategic funding rounds. 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 4
- Last Round Last Round
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First Round
First Round
(19 Nov 2018)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2023 | Amount | Series B - Veruna | Valuation |
investors |
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| Mar, 2021 | Amount | Series A - Veruna | Valuation | Keystone Insurers Group , EMC |
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| May, 2019 | Amount | Series A - Veruna | 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 Veruna
Veruna has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Guidewire, Keystone Insurers Group and Berkeley Ventures. 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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Startup incubator
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Founded Year | Domain | Location | |
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Cloud-based platform for property and casualty insurance is provided.
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Founded Year | Domain | Location | |
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Insurance solutions are provided for personal and commercial needs by CoVerica.
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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 Veruna
| 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 - Veruna
| 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 |
Veruna Comparisons
Competitors of Veruna
Veruna 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, Stubben Edge, Zywave, 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 management solutions are provided for insurance brokers.
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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 |
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 |
SME insurance portfolios are managed via an online broker platform.
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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 Veruna
Frequently Asked Questions about Veruna
When was Veruna founded?
Veruna was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Veruna located?
Veruna is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Veruna a funded company?
Veruna is a funded company, having raised a total of $15.1M across 4 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Nov 19, 2018.
How many employees does Veruna have?
As of Dec 31, 2023, the latest employee count at Veruna is 45.
What does Veruna do?
Veruna was founded in 2015 and is headquartered in Boston, United States. As a SaaS platform, it serves the insurance sector by providing tools for sales management, lead generation, pipeline reporting, marketing automation, document management, and accounting. Additional features include workflow management and automated back-end processes to support agency operations.
Who are the top competitors of Veruna?
Veruna's top competitors include Wefox, Stubben Edge and Agentero.
What products or services does Veruna offer?
Veruna offers Veruna CRM, Agency Management System, Quote Hero, Client Experience Center, and Accounting and Billing Module.
Who are Veruna's investors?
Veruna has 6 investors. Key investors include Guidewire, Keystone Insurers Group, Berkeley Ventures, The Institutes, and CoVerica.
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