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About Counterpart
Industries
Data & Analytics
Fintech
Financial Services
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$54.5M
Headquarters
New York City, New York
Founded
2019
Overview
Counterpart provides risk management and insurance solutions specifically tailored for businesses and professionals, including executive practice groups and digital officers. The company utilizes a proprietary platform that simplifies the management of liability in a fast-paced business environment, making it user-friendly and effective. This platform distinguishes Counterpart from traditional insurance carriers and other startups by offering a fresh perspective on risk management. Counterpart's strong underwriting and risk management capabilities, supported by a novel data infrastructure, enhance its service offerings. The company's goal is to deliver unmatched risk management solutions that foster strong partnerships and drive revenue growth.
Simplify's Take
What believers are saying
- Recent $30M Series B funding boosts expansion and platform development.
- Partnerships with Markel and Aspen enhance credibility and market reach.
- Launch of Quote & Bind API streamlines insurance processes for brokers.
What critics are saying
- Increased competition from AI-driven solutions may erode market share.
- Rapid tech advancements require continuous platform updates, straining resources.
- Potential regulatory scrutiny on AI platforms could increase compliance costs.
What makes Counterpart unique
- Counterpart uses AI and big data for innovative risk management solutions.
- The platform offers a unique approach to management liability for businesses and professionals.
- Counterpart's proprietary platform is praised for ease of use and fresh risk management perspectives.
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Funding
Total Funding
$54.5M
Above
Industry Average
Funded Over
3 Rounds
Benefits
Fully remote workplace
Unlimited Paid Time Off
Stock Options
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Parental Leave
Home Office Stipend
Wellness Stipend
Professional Development Reimbursement
Charitable Contribution Matching
Growth & Insights and Company News
6 month growth
↑ 2%1 year growth
↓ -1%2 year growth
↑ 2%Counterpart, the AI-driven insurtech that offers management and professional liability insurance for small businesses, has today launched its latest API for its key broker partners.
Counterpart, a US insurtech which provides management liability and professional liability insurance for small businesses, has launched a new insurance product to make it easier for brokers to get coverage for small business clients.
Yourcounterpart is teaming up with forward-thinking carriers like Aspen and Markel to transform management liability insurance by combining their strong balance sheets and respected teams with Counterpart’s data and product expertise."
Counterpart, a Los Angeles-based management liability insurance platform startup, has announced that it has raised $30 million in Series B growth financing led by Vy Capital (Dubai), a global technology investment company that has backed companies such as Coalition and Reddit.
Counterpart, a Los Angeles, CA-based management liability insurtech company, raised $30M in Series B funding. The round was led by Vy Capital, Coalition and Reddit with participation from Valor Equity Partners, SpaceX, Addepar, GoPuff, Felicis Ventures, Plaid and Credit Karma. The company intends to use the funds to expand its presence in the $20 billion [] The post Counterpart Raises $30M in Series B Funding appeared first on FinSMEs.
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About Counterpart
Industries
Data & Analytics
Fintech
Financial Services
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$54.5M
Headquarters
New York City, New York
Founded
2019
Counterpart is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today