About WatchTower
WatchTower is a company based in Chicago (United States) founded in 2015 by Richard Perrott and Ryan Sachtjen. WatchTower has raised $8 million across 1 funding round. The company has 156 employees as of December 31, 2022. WatchTower operates in a competitive market with competitors including Covr, Optalitix, WeGroup, FairDee and Renaissance insurance, among others.
- Headquarter Chicago, United States
- Employees 156 as on 31 Dec, 2022
- Founders Richard Perrott, Ryan Sachtjen
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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 Watchtower Benefits, 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
$8 M (USD)
in 1 rounds
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Latest Funding Round
$8 M (USD), Series A
Sep 03, 2020
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Investors
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Employee Count
156
as on Dec 31, 2022
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Funding Insights of WatchTower
WatchTower has successfully raised a total of $8M through 1 strategic funding round. The most recent funding activity was a Series A round of $8 million completed in September 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 1
- Last Round Series A — $8.0M
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First Round
First Round
(03 Sep 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Series A - WatchTower | Valuation |
investors |
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Investments & Acquisitions by WatchTower
Financial Statements - WatchTower
Watchtower Comparisons
Competitors of WatchTower
WatchTower 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 Covr, Optalitix, WeGroup, FairDee and Renaissance insurance, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI & cloud-based insurance quoting solutions for the insurance industry
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| domain | founded_year | HQ Location |
AI consulting and data analytics services are offered to businesses.
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| domain | founded_year | HQ Location |
Insurance quoting software with virtual assistant features is provided.
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| domain | founded_year | HQ Location |
Provider of insurance quoting software
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| domain | founded_year | HQ Location |
Diversified insurance services are offered by Renaissance Insurance in Russia.
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| domain | founded_year | HQ Location |
Offers online insurance for vehicles, homes, motorcycles, and health coverage.
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Latest news on Watchtower
Frequently Asked Questions about WatchTower
WatchTower was founded in 2015 and raised its 1st funding round 5 years after it was founded.
WatchTower is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
WatchTower is a funded company, having raised a total of $8M across 1 funding round to date. The company's 1st funding round was a Series A of $8M, raised on Sep 03, 2020.
As of Dec 31, 2022, the latest employee count at WatchTower is 156.
WatchTower provides cloud-based quoting software for the insurance industry. It features solutions for customer management, policy analysis, policy management, and more. It also offers software for database management, underwriting, collaboration, and more.