# iPolicy Networks

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ipolicy-networks

- Industry: IT Security/Cybersecurity
- Headquarters: Richardson, US
- Website: www.ipolicynetworks.com
- Total disclosed funding: $18M
- Latest round: Series B (Oct 12, 2006)
- Investors on record: 6

## About

iPolicy Networks specializes in delivering innovative insurance solutions through advanced technology, focusing on enhancing the efficiency and accuracy of insurance processes for their clients.iPolicy Networks was founded in 1997 in Richardson, US, to provide cutting-edge solutions in the insurance sector. In January 2007, Tech Mahindra acquired 100% equity of iPolicy Networks for an undisclosed amount. The company has engaged in four deals, with its most recent deal occurring on January 18, 2007. Their latest funding round was a Series B, raising USD 3.00 mn, with investments from Clearstone Venture Partners, Dali Hook Venture Partners, Ignite Group, and WK Innovation. The total amount raised by the company so far amounts to USD 3.00 mn.iPolicy Networks offers a suite of insurance technology solutions designed to improve operational efficiency and client engagement in the insurance industry. Their services may include advanced analytics, policy management systems, and customer relationship management tools, catering to diverse needs ranging from underwriting to claims processing, allowing insurance companies to streamline their processes and enhance service delivery.The revenue model for iPolicy Networks is primarily based on subscription fees and service charges associated with their technology solutions. By providing scalable and flexible insurance technology services, the company generates revenue through client contracts, thus positioning itself as a pivotal player in the insurance tech landscape. Specific pricing plans are not publicly disclosed, but the nature of their contracts is designed to accommodate varying client needs, ensuring a steady revenue stream.Looking ahead, iPolicy Networks plans to leverage its latest funding to develop new insurance technology products aimed at enhancing user experience and operational efficiency for its clients. The company is also exploring opportunities to expand its services into new geographic markets, specifically targeting regions with emerging insurance sectors. The new product lineup is slated for release in the upcoming quarters, aligning with the company's goal to capitalize on market demands following its recent acquisition.

## Funding rounds

- Series B, Oct 12, 2006, $3M — Clearstone Venture Partners, Dali Hook Venture Partners, Ignite Group, WK Innovation
- Series B, Oct 4, 2005, $15M — Clearstone Venture Partners, Ignite Group, WK Innovation, The Entrepreneurs' Fund, Parawin Venture Capital

## Investors

- Clearstone Venture Partners (https://capitalatlas.ai/funds/clearstone-venture-partners) — Series B
- Ignite Group (https://capitalatlas.ai/funds/ignite-group) — Series B
- WK Innovation (https://capitalatlas.ai/funds/wk-innovation) — Series B
- The Entrepreneurs' Fund (https://capitalatlas.ai/funds/the-entrepreneurs-fund) — Series B
- Parawin Venture Capital — Series B
- Dali Hook Venture Partners (https://capitalatlas.ai/funds/dali-hook-venture-partners) — Series B