# Young Alfred

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/young-alfred

- Industry: Insurance
- Headquarters: Philadelphia, US
- Website: www.youngalfred.com
- Total disclosed funding: $11M
- Latest round: Series A (Oct 1, 2019)
- Investors on record: 4

## About

Based in the US, Young Alfred Inc. functions as an innovative digital platform for insurance services, streamlining the process for consumers to compare and purchase insurance products that fit their needs.Young Alfred Inc. is a digital insurance platform aimed at simplifying the insurance purchasing process for consumers. Founded in 2016 in Philadelphia, US, the company was acquired by Credible Labs Inc. in December 2021 in a move that expanded Credible's service offerings in the lending and insurance sectors. The CEO and founder, Jason Christiansen, has been pivotal in shaping the company's vision since its inception. Young Alfred has successfully raised a total of USD 10.00 mn, primarily through its SERIES A funding round led by Gradient Ventures, which included participation from Entrepreneurs Roundtable Accelerator, Newfund Management, and Pear VC.Young Alfred Inc. operates as a personal insurance marketplace, focusing on facilitating the comparison and purchase of various insurance products, including home, auto, and life insurance. The platform assists consumers in navigating the complexities of insurance by providing personalized recommendations based on their individual needs, ultimately enabling users to make informed decisions about their coverage options.Young Alfred generates revenue through referral fees and commissions earned from insurance carriers and financial institutions when users engage with their services. The B2C model allows users to compare multiple insurance products and obtain quotes, with the company receiving fees from insurers for facilitating these connections. This revenue model supports Young Alfred's ability to provide valuable leads to insurance partners, enhancing its profitability across its offerings.In the wake of its acquisition by Credible Labs Inc., Young Alfred Inc. is poised for growth through the integration of new services and products. The company will leverage the recent funding of USD 10.00 mn to enhance its technology and expand its product offerings. Plans include developing additional insurance products tailored to specific market segments and potentially entering new geographic regions by 2023, building on its existing customer base to provide a comprehensive one-stop-shop for insurance and lending services.

## Funding rounds

- Series A, Oct 1, 2019, $10M — Newfund, Entrepreneurs Roundtable Accelerator, Pear VC, Gradient Ventures
- Seed, Oct 8, 2018, $1.3M — Newfund, Entrepreneurs Roundtable Accelerator, Pear VC

## Investors

- Newfund (https://capitalatlas.ai/funds/newfund) — Seed, Series A
- Entrepreneurs Roundtable Accelerator (https://capitalatlas.ai/funds/entrepreneurs-roundtable-accelerator) — Seed, Series A
- Pear VC (https://capitalatlas.ai/funds/pear-vc) — Seed, Series A
- Gradient Ventures (https://capitalatlas.ai/funds/gradient-ventures) — Series A