About Xagent
Xagent is a Financial Services company based in Reston (United States) founded in 2015, and was acquired by Bold Penguin in January 2020. Commercial insurance is quoted and bound via an online platform. 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. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Software for Insurance Intermediaries. Its competitors include HeraldAPI, Pathpoint and SALT Insure; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Reston, United States
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website xagent.com
- Social LinkedIn
- Acquired by Bold Penguin (Jan 2020)
- Total Equity Funding$3.3M (USD)
in 2 rounds
- Latest Funding Round$1.2M (USD), Seed
Aug 2018
- InvestorsBold Penguin
& 4 more
- Acquired byBold Penguin
(Jan 2020)
Products & Services of Xagent
Xagent offers a comprehensive portfolio of products and services, including Insurance Service Platform.
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 $3.3M
- Total Rounds 2
- Last Round Seed — $1.2M
- First Round $2.1M
(Mar 2018)
- Investors Count 4
All 2 funding rounds of Xagent with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2018 | $1.2M | Seed | – | World Insurance Associates, Tribeca ESP | – |
| Mar 2018 | $2.1M | Seed | – | NFP, Brian Kapiloff | – |
5 investors in total: 4 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Fintech, insurtech, deep tech startups are funded by Tribeca ESP. | tribecaesp.com | New York, United States | ||
Insurance brokerage and financial services are provided to clients. | 2012 | worldins.net | New York, United States | |
Personal, property, casualty, and retirement insurance advisory services are provided. | 1998 | nfp.com | New York, United States | |
BK Brian Kapiloff | Angel investor focusing on Indian startups, based in Mumbai. | unknown_557c3c7f2b6f4a01b | ||
Software suite is offered for commercial insurance quoting and binding. | 2016 | boldpenguin.com | Columbus, United States |
Investor details for Xagent
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Xagent
1 people are tracked at Xagent (1 in leadership).
| Name | Role | Group |
|---|---|---|
Bryan Baird | President and CEO | Leadership |
Complete people profiles for Xagent
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Xagent
4 dated milestones of Xagent across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Xagent is founded.
- Funding First funding round of $2.1M.
- Funding Latest funding round, Seed, of $1.2M.
- Exit Acquired by Bold Penguin.
Competitors of Xagent
Xagent has 3 listed competitors in our database, 3 of them funded. They include HeraldAPI, Pathpoint and SALT Insure.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| heraldapi.com | 2021 | Boston, United States | $20M | 22 | Cloud-based insurance quoting solutions for the P&C insurance industry | |
| pathpoint.com | 2017 | San Francisco, United States | $49.41M | Quoting software solutions are offered for the insurance industry. | ||
| saltinsure.com | 2021 | Grapevine, United States | $2.25M | Quoting solutions are offered for property and casualty insurance agents. |
Detailed competitors of Xagent
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Xagent
Websites that share an audience with Xagent (xagent.com).
Websites whose visitors overlap most with Xagent. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
sisipisi.info | sisipisi.info | 100% | – | ||
freesexnavigator.com | freesexnavigator.com | 98% | #6,791,133 | – | |
futbalportal.sk | futbalportal.sk | 96% | – | ||
aeromodelling.gr | aeromodelling.gr | 69% | #1,303,553 | – |
Top companies in Insurance Technology & Support Services
3 companies that operate in the same segment as Xagent (Insurance Technology & Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | USD 1.48 B | 226 | ||
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | |||
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | 699 |
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Frequently Asked Questions about Xagent
Xagent was founded in 2015 and raised its 1st funding round 3 years after it was founded.
Xagent is headquartered in Reston, United States. It is registered at Reston, Virginia, United States.
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 2018.
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.
Xagent's top competitors include HeraldAPI, Pathpoint and SALT Insure.
Xagent offers Insurance Service Platform.
Xagent has 5 investors. Key investors include Bold Penguin, NFP, World Insurance Associates, Tribeca ESP, and Brian Kapiloff.
Yes. Xagent was acquired by Bold Penguin in January 2020.