About Xagent
Xagent is a company based in Reston (United States) founded in 2015 was acquired by Bold Penguin in January 2020.. Xagent has raised $3.3 million across 2 funding rounds from investors including Bold Penguin, NFP and World Insurance Associates. Xagent offers products and services including Insurance Service Platform. Xagent operates in a competitive market with competitors including HeraldAPI, Pathpoint, Beijing Yi Chong Technology, Seopa and SALT Insure, among others.
- Headquarter Reston, 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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.3 M (USD)
in 2 rounds
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Latest Funding Round
$1.2 M (USD), Seed
Aug 17, 2018
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Investors
Bold Penguin
& 4 more
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Employee Count
Employee Count
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Acquired by
Bold Penguin
(Jan 02, 2020)
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Products & Services of Xagent
Xagent offers a comprehensive portfolio of products and services, including Insurance Service Platform. 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.
Platform to support insurance carriers and brokers operations.
Funding Insights of Xagent
Xagent has successfully raised a total of $3.3M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.2 million completed in August 2018. 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 2
- Last Round Seed — $1.2M
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First Round
First Round
(02 Mar 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Seed - Xagent | Valuation | World Insurance Associates , Tribeca ESP |
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| Mar, 2018 | Amount | Seed - Xagent | Valuation | NFP , Brian Kapiloff |
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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 Xagent
Xagent has secured backing from 5 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Bold Penguin, NFP and World Insurance Associates. 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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Fintech, insurtech, deep tech startups are funded by Tribeca ESP.
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Founded Year | Domain | Location | |
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Insurance brokerage and financial services are provided to clients.
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Founded Year | Domain | Location | |
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Personal, property, casualty, and retirement insurance advisory services are provided.
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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 Xagent
| 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 - Xagent
| 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 |
Xagent Comparisons
Competitors of Xagent
Xagent 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 HeraldAPI, Pathpoint, Beijing Yi Chong Technology, Seopa and SALT Insure, 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 |
Cloud-based insurance quoting solutions for the P&C insurance industry
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| domain | founded_year | HQ Location |
Quoting software solutions are offered for the insurance industry.
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| domain | founded_year | HQ Location |
Cloud-driven quoting solutions are offered for auto insurance.
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| domain | founded_year | HQ Location |
Offers price comparison platforms for tech and media brands.
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| domain | founded_year | HQ Location |
Quoting solutions are offered for property and casualty insurance agents.
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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 Xagent
When was Xagent founded?
Xagent was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Where is Xagent located?
Xagent is headquartered in Reston, United States. It is registered at Reston, Virginia, United States.
Is Xagent a funded company?
Xagent is a funded company, having raised a total of $3.3M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.1M, raised on Mar 02, 2018.
What does Xagent do?
Xagent was founded in 2015 in Reston, United States, as an online platform for property and casualty insurance. Access to standard and surplus lines carriers is provided through a single-entry system. Insurance agents are enabled to submit and bind policies with multiple carriers using the Universal Submission APP. Operations focus on streamlining quoting and binding processes in the insurance sector.
Who are the top competitors of Xagent?
Xagent's top competitors include HeraldAPI, Pathpoint and Beijing Yi Chong Technology.
What products or services does Xagent offer?
Xagent offers Insurance Service Platform.
Who are Xagent's investors?
Xagent has 5 investors. Key investors include Bold Penguin, NFP, World Insurance Associates, Tribeca ESP, and Brian Kapiloff.