About Young Alfred
Young Alfred is a company based in Philadelphia (United States) founded in 2016 was acquired by Credible Labs in December 2021.. 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. Young Alfred operates in a competitive market with competitors including Next Insurance, Marble, Cover, Gabi and Insureon, among others.
- Headquarter Philadelphia, 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
*********
- Legal Name Credible Labs Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.72 M (USD)
in 4 rounds
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Latest Funding Round
$10 M (USD), Series A
Oct 25, 2019
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Investors
Credible Labs
& 4 more
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Employee Count
Employee Count
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Acquired by
Credible Labs
(Dec 09, 2021)
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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. 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 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.
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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 Total Funding
- Total Rounds 4
- Last Round Series A — $10.0M
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First Round
First Round
(08 Jan 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Series A - Young Alfred | Valuation | Gradient Ventures | |
| Oct, 2018 | Amount | Seed - Young Alfred | Valuation |
investors |
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| Mar, 2018 | Amount | Seed - Young Alfred | Valuation |
investors |
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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 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. 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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Venture capital arm of Alphabet Inc. investing in AI
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Founded Year | Domain | Location | |
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Early-stage VC firm investing in geographies such as the US & France
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Founded Year | Domain | Location | |
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Seed & early stage VC firm investing the US
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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 Young Alfred
| 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 - Young Alfred
| 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 |
Young Alfred Comparisons
Competitors of Young Alfred
Young Alfred 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 Next Insurance, Marble, Cover, Gabi and Insureon, 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 |
Online small business insurance policies are provided.
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| domain | founded_year | HQ Location |
Insurance quotes are compared via a reward-based platform for individuals.
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| domain | founded_year | HQ Location |
Insurance quotes for P&C coverage are compared via mobile app.
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| domain | founded_year | HQ Location |
Online comparison of property and casualty insurance quotes is facilitated.
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| domain | founded_year | HQ Location |
Online quotes for business property and casualty insurance are compared.
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| domain | founded_year | HQ Location |
Insurance comparison platform for home
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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 Young Alfred
When was Young Alfred founded?
Young Alfred was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Young Alfred located?
Young Alfred is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Is Young Alfred a funded company?
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 $365K, raised on Jan 08, 2018.
What does Young Alfred do?
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.
Who are the top competitors of Young Alfred?
Young Alfred's top competitors include Next Insurance, Renegade Insurance and Marble.
What products or services does Young Alfred offer?
Young Alfred offers Personal Loans, Student Loan Refinance, Home Insurance, and Auto Insurance.
Who are Young Alfred's investors?
Young Alfred has 5 investors. Key investors include Credible Labs, Pear VC, Gradient Ventures, Newfund, and Entrepreneurs Roundtable Accelerator.
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