Bima Milvik - About the company
Bima Milvik is an acquired company based in Singapore (Singapore), founded in 2010 by Gustaf Agartson. It operates as a Digital health insurance provider offering affordable and accessible healthcare solutions. Bima Milvik has raised $233M in funding from investors like Kinnevik, Allianz X and Digicel Group. The company has 607 active competitors, including 34 funded and 86 that have exited. Its top competitors include companies like Digit Insurance, Lemonade and Progressive Insurance.
Company Details
Digital health insurance provider offering affordable and accessible healthcare solutions. It provides an end-to-end micro-insurance solution for mobile operators, including the technical platform, agent distribution network, marketing, product development, and claims administration.
- Website
- bimamilvik.com
- Email ID
- *****@milvik.se
Key Metrics
Founded Year
2010
Location
Singapore, Singapore
Stage
Acquired
Total Funding
$233M in 9 rounds
Latest Funding Round
Ranked
44th among 607 active competitors
Annual Revenue
£1M - £10M as on Dec 31, 2022
Employee Count
1,547 as on Sep 30, 2026
Similar Companies
Exit Details
Acquired by CapitalSG (Oct 25, 2023)
Legal entities associated with Bima Milvik
Bima Milvik is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
MILVIK TECHNOLOGY SERVICES INDIA PRIVATE LIMITED CIN: U72200KA2016FTC087248 , India, Active | Mar 24, 2016 | 0 - ₹10 Cr (As on Mar 31, 2025) | 29 (As on Jan 31, 2024) | |
MILVIK UK LIMITED CIN: 9022636 , Germany, Active | May 01, 2014 | £1M - £10M (As on Dec 31, 2022) | 31 (As on Dec 31, 2020) |
Bima Milvik's acquisition details
Bima Milvik got acquired by CapitalSG on Oct 25, 2023.
Click here to take a look at Bima Milvik's acquisition in detail
Sign up to download Bima Milvik's company profile
Bima Milvik's funding and investors
Bima Milvik has raised a total funding of $233M over 9 rounds. Its first funding round was on Mar 01, 2013. Its latest funding round was a Series D round on Apr 07, 2021 for $*****. 1 investor participated in its latest round. Bima Milvik has 11 institutional investors.
Here is the list of recent funding rounds of Bima Milvik:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 07, 2021 | 9042081 | Series D | 5806351 | 9335792 | 2522605 | 8792311 |
Sep 07, 2020 | 3154746 | Series D | 3781989 | 5178077 | 3058178 | 8710596 |
Dec 19, 2017 | 7121485 | Series D | 5951644 | 1601630 | 3117646 |
Access funding benchmarks and valuations. Sign up today!View details of Bima Milvik's funding rounds and investors
Bima Milvik's founders and board of directors
Founder? Claim ProfileThe founders of Bima Milvik is Gustaf Agartson. Gustaf Agartson is the CEO of Bima Milvik.
Here are the details of Bima Milvik's key team members:
- Gustaf Agartson: Co-Founder & CEO of Bima Milvik and founder of 2 other companies, MILVIK and BIMA. They serve on the board of 1 company.
- Jonathan Vance: CEO of Bima Milvik.
Bima Milvik's Board of Directors
Bima Milvik's board has 1 active member. Gustaf Agartson is part of team.Here is the list of Bima Milvik's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 12y 5m | |
dtjoeuh | Independent board member | - | Past | 3y 8m |
jpnxl{i | Independent board member | - | Past | 1y 6m |
uxeusix | Independent board member | - | Past | 2y 1m |
View details of Bima Milvik's Founder profiles and Board Members
Bima Milvik's employee count trend
Bima Milvik has 1,547 employees as of Sep 26. Here is Bima Milvik's employee count trend over the years:
Uncover Bima Milvik's growth story! Sign up today!
Access Tracxn on any website
Install Tracxn ExtensionOur Google Chrome extension lets you view company details while browsing their websites
Bima Milvik's Competitors and alternates
Top competitors of Bima Milvik include Digit Insurance, Lemonade and Progressive Insurance. Here is the list of Top 10 competitors of Bima Milvik, ranked by Tracxn score:
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!
Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Digit Insurance 2016, Bengaluru (India), Public | Provider of general and life insurance products across various categories | $462M | 84/100 | |
2nd | Lemonade 2015, New York City (United States), Public | Provider of various insurance policies including car, pet, home, and life | $644M | 83/100 | |
3rd | Progressive Insurance 1937, Mayfield Heights (United States), Public | Internet first provider of life, health, auto, home, and business insurance services | - | 71/100 | |
4th | AIG 1919, New York City (United States), Public | Internet first provider of life, health, accident & travel insurance services | - | 71/100 | |
5th | Online life and health insurance platform for individuals | $1.82B | 72/100 | ||
6th | Online platform for life, health, and P&C insurances | - | 70/100 | ||
7th |  Allstate 1931, Chicago (United States), Public | Internet first provider of life, property, auto, and business insurance services | - | - | 66/100 |
8th | Online platform for life and non-life insurances | $10.9M | 62/100 | ||
9th | Amica 1907, Lincoln (United States), Early Stage | Internet first provider of life, health, home, auto, marine & business insurance services | $2M | 62/100 | |
10th | Aflac 1955, Columbus (United States), Public | Internet first provider of life, vision & dental insurance services | - | 60/100 | |
44th |  Bima Milvik 2010, Singapore (Singapore), Acquired | Digital health insurance provider offering affordable and accessible healthcare solutions | $233M | 46/100 |
_1574416366872.png?devicePixelRatio=2&height=30&width=30){kind=logo}
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on Bima Milvik's competitors? Click here to see the top ones
Bima Milvik's Investments and acquisitions
Bima Milvik has made no investments or acquisitions yet.
Reports related to Bima Milvik
Here is the latest report on Bima Milvik's sector:
News related to Bima Milvik
Filter this list•
ICICI Prudential Life Insurance integrates real time policy services with Bima CentralOnline Media Cafe•Feb 10, 2025•ICICI Prudential Life Insurance, CAMS Insurance Repository Services, SBI General, Bima Central and 1 other
•
•
AAIC Investment announces investment in health tech platform Milvik (BIMA) through Africa Fund (AHF2)AAIC Holdings•Oct 16, 2024•AAIC Holdings, Bima Milvik
•
CapitalSG acquires majority stake in a digital health and insurance companySingapore Business Review•Oct 25, 2023•Bima Milvik, CapitalSG
•
•
Healthtech firm appoints former Circles Life exec as CPOTech in Asia•Aug 04, 2022•Circles.Life, Bima Milvik
•
Vodacom Tanzania leverages M-Pesa’s reach to catapult health insurance serviceITWeb•May 17, 2022•Vodacom Tanzania, Bima Milvik
•
Milvik launches mobile health app with wallet feature in BangladeshMobiHealthNews•Apr 18, 2022•Bima Milvik
•
TotallyMoney appoints Rebecca Shears as Chief Marketing OfficerFintech Finance•Feb 24, 2022•TotallyMoney, Bima Milvik
•
Get curated news about company updates, funding rounds, M&A deals and others. Sign up today!Are you a Founder ?
FAQs about Bima Milvik
Explore our recently published companies
- Matteo Coffea - Bengaluru based, 2010 founded, Unfunded company
- PORTALD - 2026 founded, Unfunded company
- VideoNinjas - Germany based, Unfunded company
- Contractors Booklist - Unfunded company
- Contraband - United Kingdom based, Unfunded company
- Consumer Directed Services - New York City based, Unfunded company
