About Young Alfred
Young Alfred is a Financial Services company based in Philadelphia (United States) founded in 2016, and was acquired by Credible Labs in December 2021. Platform to buy insurance. Young Alfred has raised $11.72 million across 4 funding rounds from investors including Credible Labs, Pear VC and Gradient Ventures. Young Alfred offers products and services including Personal Loans, Student Loan Refinance, Home Insurance, and Auto Insurance. Its focus areas include FinTech, Internet First Insurance Platforms, Insurance Comparison Platforms and P&C. Its legal entity is Credible Labs Inc. Its competitors include Next Insurance, Marble and Cover; 3 of its 3 listed competitors have raised funding.
Company details
Young Alfred was founded in 2016 as an online platform in the insurance sector. Home, auto, and renters policies are facilitated for purchase by users via the digital interface. Operations are based in Philadelphia, United States, with the company in stealth mode as of September 2016. Services focus on streamlining insurance acquisition without intermediaries, targeting individual consumers in the property and casualty market.
- Headquarters Philadelphia, United States
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website youngalfred.com
- Social LinkedIn X
- Acquired by Credible Labs (Dec 2021)
- Legal Name Credible Labs Inc.
- Total Equity Funding$11.72M (USD)
in 4 rounds
- Latest Funding Round$10M (USD), Series A
Oct 2019
- InvestorsCredible Labs
& 4 more
- Acquired byCredible Labs
(Dec 2021)
Products & Services of Young Alfred
Young Alfred offers a comprehensive portfolio of products and services, including Personal Loans, Student Loan Refinance, Home Insurance, and Auto Insurance.
Platform for comparing and applying for personal loans online.
Service to compare and refinance student loans efficiently.
Tool for comparing and purchasing home insurance policies.
Platform to compare and buy auto insurance options.
Funding Insights of Young Alfred
Young Alfred has successfully raised a total of $11.72M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in October 2019. 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 $11.72M
- Total Rounds 4
- Last Round Series A — $10M
- First Round $100,000
(Jan 2018)
- Investors Count 4
All 4 funding rounds of Young Alfred 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 |
|---|---|---|---|---|---|
| Oct 2019 | $10M | Series A | – | Gradient Ventures | |
| Oct 2018 | $1.25M | Seed | – | – | – |
| Mar 2018 | $365,000 | Seed | – | – | – |
| Jan 2018 | $100,000 | Seed | – | Entrepreneurs Roundtable Accelerator | – |
5 investors in total: 5 institutional.
Investors in Young Alfred
Young Alfred has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Credible Labs, Pear VC and Gradient Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital arm of Alphabet Inc. investing in AI | gradient.com | Mountain View, United States | ||
Early-stage VC firm investing in geographies such as the US & France | newfundcap.com | Paris, France | ||
Seed & early stage VC firm investing the US | 2013 | pear.vc | San Francisco, United States | |
Startups are accelerated in fintech, SaaS, climate, and various sectors. | eranyc.com | New York, United States | ||
Alternate lending for student loans and refinancing is provided. | 2014 | credible.com | San Francisco, United States |
Investor details for Young Alfred
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
People of Young Alfred
4 people are tracked at Young Alfred (3 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Bernard Kowalski | CTO | Leadership |
James Moore | VP, Partner Solutions | Leadership |
Evan Pearson | Insurance Agent, Partner Lead | Leadership |
Gwendolyn E. S. | Sales Manager, Customer Success | Team |
Complete people profiles for Young Alfred
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Young Alfred
4 dated milestones of Young Alfred across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Young Alfred is founded.
- Funding First funding round of $100K.
- Funding Latest funding round, Series A, of $10.0M.
- Exit Acquired by Credible Labs.
Competitors of Young Alfred
Young Alfred has 3 listed competitors in our database, 3 of them funded. They include Next Insurance, Marble and Cover.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nextinsurance.com | 2016 | Palo Alto, United States | $1.12B | Online small business insurance policies are provided. | ||
| marblepay.com | 2020 | New York, United States | $6.73M | Insurance quotes are compared via a reward-based platform for individuals. | ||
| cover.com | 2016 | San Francisco, United States | $27.12M | 2 | Insurance quotes for P&C coverage are compared via mobile app. |
Detailed competitors of Young Alfred
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- Full competitor set
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Top companies in Insurance Providers
3 companies that operate in the same segment as Young Alfred (Insurance Providers) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of a cloud-based platform for life and P&C insurance | 2015 | New York, New York, United States | USD 644 M | USD 615.2 M | 1,471 | |
Online small business insurance policies are provided. | 2016 | Palo Alto, California, United States | USD 1.12 B | 549 | ||
App-based comparison platform for financial products | 2009 | San Francisco, California, United States | USD 123.3 M | USD 836.6 M | 650 |
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Related news about Young Alfred
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Frequently Asked Questions about Young Alfred
Young Alfred was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Young Alfred is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Young Alfred is a funded company, having raised a total of $11.72M across 4 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Jan 2018.
Young Alfred was founded in 2016 as an online platform in the insurance sector. Home, auto, and renters policies are facilitated for purchase by users via the digital interface. Operations are based in Philadelphia, United States, with the company in stealth mode as of September 2016. Services focus on streamlining insurance acquisition without intermediaries, targeting individual consumers in the property and casualty market.
Young Alfred's top competitors include Next Insurance, Marble and Cover.
Young Alfred offers Personal Loans, Student Loan Refinance, Home Insurance, and Auto Insurance.
Young Alfred has 5 investors. Key investors include Credible Labs, Pear VC, Gradient Ventures, Newfund, and Entrepreneurs Roundtable Accelerator.
Young Alfred operates through Credible Labs Inc..
Yes. Young Alfred was acquired by Credible Labs in December 2021.