About Wax Collect
Wax Collect is a company based in New York (United States) founded in 2018.. Wax Collect has raised $10 million across 1 funding round from investors including AV8 Ventures, NVP Capital and Slow Ventures. Wax Collect offers products and services including WAX App and Insurance Policies. Wax Collect operates in a competitive market with competitors including Vouch, Branch, Pier, Bamboo Insurance and Indiana Farmers, among others.
- Headquarter New York, United States
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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
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- Legal Name Wax Insurance Services 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
$10 M (USD)
in 1 rounds
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Latest Funding Round
$10 M (USD), Seed
May 26, 2022
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Investors
AV8 Ventures
& 3 more
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Employee Count
Employee Count
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Products & Services of Wax Collect
Wax Collect offers a comprehensive portfolio of products and services, including WAX App and Insurance Policies. 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.
Mobile app for uploading and insuring collectibles with ease
Customizable policies for valuables through digital interface
Funding Insights of Wax Collect
Wax Collect has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Seed round of $10 million completed in May 2022. 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 Seed — $10.0M
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First Round
First Round
(26 May 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Seed - Wax Collect | Valuation | AV8 Ventures |
| 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 Wax Collect
Wax Collect has secured backing from 4 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include AV8 Ventures, NVP Capital and Slow 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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Early-stage startups are supported by AV8 Ventures through investments.
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Founded Year | Domain | Location | |
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Early-stage tech investments are made primarily in US companies.
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Founded Year | Domain | Location | |
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Early-stage venture capital is provided to innovative startups by NVP Capital.
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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 Wax Collect
| 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 - Wax Collect
| 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 |
Wax Collect Comparisons
Competitors of Wax Collect
Wax Collect 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 Vouch, Branch, Pier, Bamboo Insurance and Indiana Farmers, 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 |
Insurance solutions for early-stage and high-growth companies are provided by Vouch.
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| domain | founded_year | HQ Location |
Auto and home insurance solutions are provided by Branch.
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| domain | founded_year | HQ Location |
P&C insurance for individuals is provided via mobile app.
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| domain | founded_year | HQ Location |
Online comparison platform for property & casualty insurance
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| domain | founded_year | HQ Location |
Offers customized insurance for auto, home, farm, and business needs in Indiana.
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| domain | founded_year | HQ Location |
Renters insurance is provided through a cooperative member dividend model.
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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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Frequently Asked Questions about Wax Collect
When was Wax Collect founded?
Wax Collect was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Wax Collect located?
Wax Collect is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Wax Collect?
Richard Vinhais is the current CEO of Wax Collect.
Is Wax Collect a funded company?
Wax Collect is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Seed of $10M, raised on May 26, 2022.
What does Wax Collect do?
Platform for insuring valuables. It offers a platform to manage and protect valuables, including watches, jewelry, art, handbags, and classic cars. The platform provides coverage for damage from fire, theft, earthquake, flood, and accidental breakage.
Who are the top competitors of Wax Collect?
What products or services does Wax Collect offer?
Wax Collect offers WAX App and Insurance Policies.
Who are Wax Collect's investors?
Wax Collect has 4 investors. Key investors include AV8 Ventures, NVP Capital, Slow Ventures, and Jason Robins.