Life by Spot
Latest round
- Seed
Last raised
- Jul 2021
Total raised
- $15M
Investors
- 6
About Life by Spot
Life by Spot Inc.Founded in 2017 and headquartered in Austin, US, Life by Spot Inc. specializes in embedded insurance products.Spot Insurance specializes in providing embedded insurance solutions tailored for the active and travel markets. Their core offerings include Refund Guarantee, Injury Insurance, and Travel Insurance, aimed at enhancing customer experiences and operational efficiencies for experience-based businesses. Refund Guarantee allows customers to cancel bookings for any reason while enabling businesses to retain their revenue, simplifying the cancellation process. Injury Insurance covers medical expenses during high-risk activities, while Travel Insurance protects customers during travel.Spot Insurance generates revenue primarily through B2B partnerships, embedding their insurance solutions into clients' booking processes. The company's structure allows for seamless integration, enhancing user experience. Key revenue drivers are the Refund Guarantee and Travel Insurance products, with businesses paying fees based on coverage sold. Upcoming products are being designed, with specific timelines yet to be announced. Moreover, Spot Insurance aims to enter new markets, specifically targeting expansion into additional regions in Europe and Asia by the end of 2023.
Who invested in Life by Spot
6 investors across 2 rounds
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Questions about Life by Spot
Who invested in Life by Spot?
Life by Spot has 6 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Life by Spot raised?
Life by Spot has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Life by Spot last raise money?
Life by Spot's most recent round on record is a Seed, in Jul 2021.
What does Life by Spot do?
Life by Spot is a insurance company.
Where is Life by Spot headquartered?
Life by Spot is headquartered in Austin, US.
Which VCs invest in companies like Life by Spot?
Among active investors with capital left to deploy, Radical Ventures, Ribbit Capital, TrueBridge Capital Partners and Tribe Capital back insurance companies at Life by Spot's stage. Their profiles are linked below.
VCs backing insurance startups at Seed
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