When was HeraldAPI founded?

HeraldAPI was founded in 2021 and raised its 1st funding round within a year of its incorporation.

Where is HeraldAPI located?

HeraldAPI is headquartered in Boston, United States.

How many employees does HeraldAPI have?

As of May 31, 2026, the latest employee count at HeraldAPI is 102.

Is HeraldAPI a funded company?

HeraldAPI is a funded company, having raised a total of $20M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 15, 2021.

When was the latest funding round of HeraldAPI?

HeraldAPI's latest funding was a $***** Series A round on Oct 17, 2024, with participation from 4 investors. Its primary sector is Insurance IT. In United States, the Insurance IT sector has seen $1.09B in funding in 2026 to date.

Where does HeraldAPI rank among its competitors?

HeraldAPI ranks 10th amongst 186 active competitors, of which 19 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Coverforce, which secured $13M in Mar, 2025.

Who are the top competitors of HeraldAPI?

HeraldAPI's top competitors include Coverforce, Optalitix and FairDee. Among them, Coverforce secured the most recent funding round in March, 2025.

HeraldAPI - 2026 Company Profile, Team, Funding & Competitors

Company Details

Cloud-based insurance quoting solutions for the P&C insurance industry. It offers quotes and binds insurance from multiple carriers using a single API. It offers insurance quotes across multiple lines of business including general liability, workers’ compensation, BOP, and more.

Website: heraldapi.com
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Email ID: *****@heraldapi.com

Key Metrics

Founded Year

2021

Location

Boston, United States

Stage

Series A

Total Funding

$20M in 2 rounds

Latest Funding Round

Series A, Oct 17, 2024, $*****

Investors

Lightspeed Venture Partners & 6 more

Ranked

10^th among 186 active competitors

Employee Count

102 as on May 31, 2026

Similar Companies

Coverforce & 89 more

View HeraldAPI's full profile

HeraldAPI has raised a total funding of $20M over 2 rounds. Its first funding round was on Dec 15, 2021. Its latest funding round was a Series A round on Oct 17, 2024 for $*****. 4 investors participated in its latest round. HeraldAPI has 4 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of HeraldAPI:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 17, 2024	3020665	Series A	6534265	1679502	4161941	4258503
Dec 15, 2021	3189727	Seed	6361116	7561833	Lightspeed Venture Partners	Underscore VC & 4 more

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View details of HeraldAPI's funding rounds and investors

HeraldAPI's employee count trend

HeraldAPI has 102 employees as of May 26. Here is HeraldAPI's employee count trend over the years:

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Top competitors of HeraldAPI include Coverforce, Optalitix and FairDee. Here is the list of Top 10 competitors of HeraldAPI, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Coverforce 2020, New York City (United States), Series A	Quoting software for P&C insurance	$18M	Nyca Partners, Insight Partners & 5 others	59/100
2nd	Optalitix 2013, London (United Kingdom), Series A	Provider of AI consulting and data analytics services	$8M	24 Haymarket, Lloyd’s & 5 others	54/100
3rd	FairDee 2017, Bangkok (Thailand), Acquired	Provider of insurance quoting software	$65M	Eurazeo, Salt Ventures & 11 others	53/100
4th	Covr 2013, Boise (United States), Series B	AI & cloud-based insurance quoting solutions for the insurance industry	$30M	Contour Venture Partners, Allianz Life Ventures ... & 12 others	51/100
5th	Ki 2020, London (United Kingdom), Series D	Provider of algorithmically powered underwriting services for specialty insurance markets	$500M	Blackstone, Fairfax Financial Holdings	51/100
6th	Digital Insure 2017, Paris (France), Acquired	Insurance quoting software	-	NewAlpha Asset Management	48/100
7th	Pathpoint 2017, San Francisco (United States), Series A	Quoting software provides for the insurance industry	$49.4M	Caffeinated Capital, Founders Fund & 3 others	46/100
8th	PerfectQuote 2017, Austin (United States), Funding Raised	Cloud-based insurance quoting software	-	InsurTech NY, Quake Capital & 1 others	46/100
9th	Briza 2016, Austin (United States), Series A	Policy distribution software for insurance industry	$11M	500 Global, Leaders Fund & 6 others	44/100
10th	HeraldAPI 2021, Boston (United States), Series A	Cloud-based insurance quoting solutions for the P&C insurance industry	$20M	Underscore VC, Lightspeed Venture Partners ... & 5 others	42/100