Embroker

Embroker

Digital platform for business insurance solutions

About Embroker

Simplify's Rating
Why Embroker is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

51-200

Company Stage

Series C

Total Funding

$165.8M

Headquarters

San Francisco, California

Founded

2015

Overview

Embroker provides a modern insurance platform that simplifies the insurance process for businesses, particularly in the tech sector. It offers tailored products like Directors & Officers (D&O) insurance and Cyber Liability insurance, with a special "Startup Package" that helps new businesses secure necessary coverage quickly and affordably. By leveraging technology, Embroker delivers instant quotes and data-driven recommendations, enhancing transparency and trust. The company's goal is to offer fast, cost-effective insurance solutions that meet the unique needs of tech companies and startups.

Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for cyber insurance boosts Embroker's market for cyber liability products.
  • Partnership with Everspan enhances digital integration and seamless insurance solutions.
  • Rebranding and website redesign improve user experience and transparency.

What critics are saying

  • Increased competition from digital insurance platforms may erode Embroker's market share.
  • Rapid technological advancements could outpace Embroker's integration capabilities.
  • Economic downturns might reduce insurance spending by startups and tech companies.

What makes Embroker unique

  • Embroker offers a unique 'Startup Package' for early-stage tech companies.
  • The ONE platform provides tailored insurance solutions for specific industries like consultants.
  • Embroker's digital-first approach ensures instant quotes and data-driven recommendations.

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Funding

Total Funding

$165.8M

Above

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$100M
Oura
$100M
Embroker

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Parental Leave

Family Planning Benefits

Fertility Treatment Support

Work from Home Office Set-up Stipend

Paid Subscription for Wellable Wellness

Stock Options

401(k) Company Match

401(k) Retirement Plan

Employee Assistance Program

Pet Insurance

Long Term Disability

Flexible Spending Accounts

Sick Time

Paid Parental Leave

RRSP with Employer Match

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

-3%

2 year growth

1%
Reinsurance News
Nov 20th, 2024
Embroker report reveals 93% of startups now use cyber insurance

Embroker, a digital insurance platform simplifying the insurance process for businesses, has released its "2024 Cyber Risk Index: Startup Edition," revealing a steady rise in cyber insurance adoption with a focus on simplicity, resilience, and investor appeal in a shifting cyber risk landscape.

The Insurer
Oct 15th, 2024
Embroker partners with Everspan to digitise insurance through Embroker's ONE platform

Embroker partners with Everspan to digitise insurance through Embroker's ONE platform.

Coverage
Oct 9th, 2024
Embroker Rebrands

Embroker has launched a redesigned website to simplify the business insurance process, emphasizing clarity, transparency, and user-friendliness.The updated platform features enhanced navigation, better-organized content, and faster performance, making it easier for businesses to find information, explore coverage options, and apply for insurance. The new site reflects Embroker’s commitment to creating a more accessible and human-centered digital experience for clients, while maintaining their focus on technology-enabled solutions. “Most importantly, we wanted our digital presence to reflect the human side of our business. Behind every policy is a team of real people committed to supporting your business journey. Our new website aims to bring that human touch to the forefront, while ensuring a streamlined, technology-enabled experience that gets you the coverage you need, when you need it.”

Reinsurance News
Aug 8th, 2024
Embroker names Andrew Lea as CIO, Kristy Malm promoted to COO

Digital insurance company Embroker has appointed Andrew (Andy) Lea as Chief Insurance Officer (CIO) and promoted Kristy Malm as Chief Operating Officer (COO).

Insurance Insider
Aug 7th, 2024
InsurTech Embroker taps Vantage's Lea as chief insurance officer

InsurTech Embroker has hired Vantage's Andy Lea as its new chief insurance officer, this publication can reveal.

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