FASST - About the company
FASST is a series B company based in Angouleme (France), founded in 2017 by Xavier Favre. It operates as a Digital accelerator platform for insurers, mutuals, and brokers. FASST has raised $34.3M in funding from investors like AG2R LA MONDIALE, Bpifrance and Covéa. The company has 47 active competitors, including 12 funded and 16 that have exited. Its top competitors include companies like Guidewire, Applied and Tinubu.
Company Details
Digital accelerator platform for insurers, mutuals, and brokers. It offers a platform for the creation, distribution, consulting, and connection of digital insurance solutions. The platform offers storage and file-sharing services for teams, allowing them to organize and share files.
Key Metrics
Founded Year
2017
Location
Angouleme, France
Stage
Series B
Total Funding
$34.3M in 2 rounds
Latest Funding Round
Investors
Ranked
20th among 47 active competitors
Employee Count
130 as on Sep 30, 2026
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FASST's funding and investors
FASST has raised a total funding of $34.3M over 2 rounds. Its first funding round was on Dec 12, 2023. Its latest funding round was a Series B round on Nov 14, 2024 for $*****. 3 investors participated in its latest round. FASST has 7 institutional investors.
Here is the list of recent funding rounds of FASST:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 14, 2024 | 4180665 | Series B | 8230403 | 6801472 | 5752677 | 1366135 |
Dec 12, 2023 | 4358955 | Series A | 1099499 | 1505972 | 1492468 |
View details of FASST's funding rounds and investors
FASST's founders and board of directors
Founder? Claim ProfileThe founders of FASST is Xavier Favre. Xavier Favre is the CEO of FASST.
Here are the details of FASST's key team members:
- Xavier Favre: Co-Founder & CEO of FASST. Contact Info: 1 email address
View details of FASST's Founder profiles and Board Members
FASST's employee count trend
FASST has 130 employees as of Sep 26. Here is FASST's employee count trend over the years:
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FASST's Competitors and alternates
Top competitors of FASST include Guidewire, Applied and Tinubu. Here is the list of Top 10 competitors of FASST, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Guidewire 2001, San Mateo (United States), Public | Developer of software platforms for property and casualty insurance operations | - | 78/100 | |
2nd | Applied 1983, University Park (United States), Acquired | Provider of a cloud-based software suite for P&C insurers, MGA and agents | - | 65/100 | |
3rd | Cloud-based software solutions for credit insurers, surety bonds & trade finance | $147M | 65/100 | ||
4th | Bravura Solutions 2004, Edinburgh (United Kingdom), Acquired | Software solutions for life insurance and wealth management | $28.4M | 64/100 | |
5th | Provider of a platform for AI decision-making in banking and insurance | $97.5M | 63/100 | ||
6th | Provider of software, data, analytics, and related services for financial institutions | - | 63/100 | ||
7th | Insurance agency management software | - | - | 62/100 | |
8th | Keylane 1986, Utrecht (Netherlands), Acquired | Cloud-based life and non-life insurance platform for the insurance and pension industry | - | 61/100 | |
9th | Insurance policy and claims management solutions for the insurance industry | $66.9M | 60/100 | ||
10th | Instanda 2015, London (United Kingdom), Series B | SaaS-based software suite for the insurance industry | $71.7M | 59/100 | |
20th | Digital accelerator platform for insurers, mutuals, and brokers | $34.3M | 43/100 |
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FASST's Investments and acquisitions
FASST has made no investments or acquisitions yet.
Reports related to FASST
Here is the latest report on FASST's sector:
News related to FASST
•
Next-gen insurtech solutions provider FASST raises €27M for digitalisation of industryTech Funding News•Nov 14, 2024•FASST, Revaia, Bpifrance
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