# MetaMorphoSys Technologies Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/metamorphosys-technologies-pvt

- Industry: Insurance
- Headquarters: Pune, India
- Website: www.metamorphtech.com
- Total disclosed funding: $3M
- Latest round: Seed (Apr 27, 2022)
- Investors on record: 3

## About

MetaMorphoSys Technologies Pvt. Ltd. is a software development firm focused on delivering innovative solutions for the global insurance sector, facilitating improved customer interactions and operational efficiency.Founded in 2016 and headquartered in Pune, India, MetaMorphoSys Technologies Pvt. Ltd. specializes in creating tailored software for the insurance industry. The company has completed 3 deals, with its latest funding round occurring on April 27, 2022, where it raised INR 229.985 million in Seed funding led by Capital 2B, with participation from AL Trust and Redstart Labs. Amit Naik, one of the co-founders, also serves as the CEO, bringing significant industry experience to the company.MetaMorphoSys Technologies specializes in developing software solutions tailored for the global insurance industry. Their core offerings include a suite of products designed to enhance customer acquisition, engagement, underwriting, and claims management. Key components of their platform include a product configurator, an advanced rating engine, and a recommendation engine that collectively streamline operations for insurers. The company primarily serves the Indonesian insurance sector while also extending its services to clients in Europe, Japan, and the broader Asia-Pacific region. Their clientele consists of leading insurance firms and financial conglomerates, addressing critical challenges in life, general, and health insurance domains.In the most recent fiscal year of 2023, MetaMorphoSys reported revenue of INR 1,444,335.60, with an EBITDA of INR 49,872.20. The firm generates revenue through software licensing and subscription models primarily aimed at B2B clients in the insurance sector.Following its Seed funding of INR 229.98 million in April 2022, MetaMorphoSys Technologies is poised to expand its market reach and enhance product development. The company aims to launch new products tailored to emerging insurance needs within the next 12 months and plans to enter additional markets across Southeast Asia and Europe by 2024. The recent funding will support these initiatives, allowing the firm to enhance its technological infrastructure and drive product innovation.

## Funding rounds

- Seed, Apr 27, 2022, $3M — Redstart Labs, Capital 2B, AL trust

## Investors

- Redstart Labs — Seed
- Capital 2B (https://capitalatlas.ai/funds/capital-2b) — Seed
- AL trust — Seed