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Bought By Many is an award-winning insurtech that is leading the way in creating better insurance products and customer experience.We analyse anonymised search data to identify the problems with existing insurance offers. Our teams then look at how we can improve every aspect of buying cover, from creating unique products that fulfil unmet demand and developing cutting-edge databases to streamlining the user experience and pioneering online claims.We build tech solutions with humans in mind and thousands of customers have given our service 5-star reviews.Company milestones:o 2012: Launched boughtbymany.com. Completed seed funding round.o 2015: Surpassed 100,000 members. Launched SaaS platform in China in partnership with Ping An Insurance. Became directly regulated by the FCA. Acquired Brooks Braithwaite (Sussex) Ltd - the UKs leading provider of insurance for exotic pets and pet businesses. Named Fintech Innovation of the Year & Insurance Start Up of the Year.o 2016: Completed Series A funding round. Won the Innovation in Insurance Award at the Fintech Innovation Awards. Named in the FinTech 50. Signed long-term insurance agreement with Munich Re.o 2017: Launched Bought By Many-branded cat & dog insurance. Surpassed 300,000 members.o 2018: Completed Series B funding round. Named as one of Wired's hottest start-ups in Europe. Ranked 13 on the Sunday Times Tech Track 100. Surpassed 600,000 members.We have an exceptional team of 100, based across three sites in Farringdon, Central London; Haywards Heath, Sussex; and Birmingham. We're always interested to hear from people who'd like to learn about career opportunities at Bought By Many, and we're currently recruiting for roles in the development, product and people teams. Learn more at https://boughtbymany.com/jobs/.
Brings the Groupon model to insurance distribution. Uses social media to connect people with similar insurance needs in social buying groups. The group buying model allows them to negotiate favourable terms, cashbacks and discounts from insurers and insurance distributors.
PRODUCTS & SERVICES
Social insurance app for healthcare.
Car Van & Bike Insurance
Phone Gadget & Item Insurance
Business & Professional Insurance
Sports & Leisure Insurance
BOARD MEMBERS AND ADVISORS
NUMBER OF EMPLOYEES
Steven Mendel(CEO); Guy Farley(CTO); Steven Mendel(CEO)
DATE OF LAST FUNDING
TOTAL FUNDING COMMENT
The company will use the funds for the development of new insurance products and technology. (July 2018)
SERIES A · $9.03 M · Jan 2017
SERIES B · $26.39 M · Jul 2018
SERIES C · $97.57 M · May 2020
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