Bold Penguin
Latest round
- Series B
Last raised
- Jun 2020
Total raised
- $49M
Investors
- 8
About Bold Penguin
Bold Penguin, Inc.Founded in 2016 and headquartered in Columbus, US, Bold Penguin specializes in insurance technology solutions. The company was co-founded by Benjamin Clarke, Ilya Bodner, and Marc DeLeonibus. In January 2021, American Family Insurance acquired Bold Penguin for an undisclosed amount.Bold Penguin specializes in insurance technology and quoting software designed to streamline the commercial insurance process. The company offers a comprehensive suite of integrated products, including the Terminal, Exchange, Storefront, and Analytics, enhancing speed and efficiency in insurance transactions. The Terminal allows agents to quote and bind coverage rapidly using a universal quoting application, while the Exchange serves as a marketplace for small commercial insurance agents, enabling them to find new leads and monetize out-of-appetite risks. The Storefront provides agencies with a branded online presence for managing digital quotes, catering to small and medium-sized businesses (SMBs) around the clock. Analytics solutions utilize artificial intelligence to enrich data from submission documents, thereby improving underwriting processes.Bold Penguin generates revenue through a structured model centered on partnerships with agents, brokers, and carriers. The company offers various subscription-based services for its flagship products, which include the Terminal and Exchange. These services facilitate B2B transactions, allowing insurance agents to provide rapid quotes and bind coverage directly to their clients. The pricing structure for these services typically involves a subscription fee, granting access to the suite of tools necessary for agents to enhance their operational efficiency and revenue generation. Furthermore, the Exchange allows agents to access high-quality leads, contributing to their business growth and potential revenue increases.Bold Penguin is focused on future growth through the development of new products and expansion into new markets. The company aims to enhance its product suite and release updates that will further streamline operations for agents and brokers. Following the recent acquisition by American Family Insurance in January 2021, Bold Penguin plans to leverage its resources for expansion into additional geographic regions and markets, although specific target areas have not been disclosed.
Who invested in Bold Penguin
8 investors across 4 rounds
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Questions about Bold Penguin
Who invested in Bold Penguin?
Bold Penguin has 8 investors on record across 4 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Bold Penguin raised?
Bold Penguin has raised 4 venture rounds. Sign up free to see how much each round raised and the total.
When did Bold Penguin last raise money?
Bold Penguin's most recent round on record is a Series B, in Jun 2020.
What does Bold Penguin do?
Bold Penguin is a insurance company.
Where is Bold Penguin headquartered?
Bold Penguin is headquartered in Columbus, US.
Which VCs invest in companies like Bold Penguin?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back insurance companies at Bold Penguin's stage. Their profiles are linked below.
VCs backing insurance startups at Series B
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