WatchTower

Chicago, United States Founded: 2015 • Age: 11 yrs
Quoting software for insurance industry
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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
  • Sectors
    Financial Services
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Watchtower Benefits, Llc
Operational Areas
Financial Services → FinTech & Digital Finance → →
Key Metrics
  • Annual Revenue
    $0
    0
    as on Aug 09, 2018
  • Net Profit
  • EBITDA
  • Total Equity Funding
    $8 M (USD)

    in 1 rounds

  • Latest Funding Round
    $8 M (USD), Series A

    Sep 03, 2020

  • Investors
  • 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 Rounds 1
  • Last Round Series A — $8.0M
  • First Round

    (03 Sep 2020)

  • Investors Count
Date Amount Transaction Name Valuation Lead Investors Investors
Sep, 2020 Amount Series A - WatchTower Valuation

investors
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Investments & Acquisitions by WatchTower

Investments
Company Name Description Domain Location Founded Year Amount
Bento Cloud
Bionic investment advisor platform
2016
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
GrabKios by Kudo
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
48East
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - WatchTower

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners

Watchtower Comparisons

Employees
+
Add Comparison
Available on Premium

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. 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
Covr
domain founded_year HQ Location
AI & cloud-based insurance quoting solutions for the insurance industry
Optalitix
domain founded_year HQ Location
AI consulting and data analytics services are offered to businesses.
WeGroup
domain founded_year HQ Location
Insurance quoting software with virtual assistant features is provided.
FairDee
domain founded_year HQ Location
Provider of insurance quoting software
Renaissance insurance
domain founded_year HQ Location
Diversified insurance services are offered by Renaissance Insurance in Russia.
Direct Assurance
domain founded_year HQ Location
Offers online insurance for vehicles, homes, motorcycles, and health coverage.
Company Name Domain Founded year HQ Location Description
inDrive
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
Bolt
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
Gojek
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
Dunzo
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Watchtower

Frequently Asked Questions about WatchTower

When was WatchTower founded?

WatchTower was founded in 2015 and raised its 1st funding round 5 years after it was founded.

Where is WatchTower located?

WatchTower is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.

Is WatchTower a funded company?

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.

How many employees does WatchTower have?

As of Dec 31, 2022, the latest employee count at WatchTower is 156.

What does WatchTower do?

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.

Who are the top competitors of WatchTower?

WatchTower's top competitors include Optalitix, Covr and WeGroup.

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