HeraldAPI - About the company
HeraldAPI is a series A company based in Boston (United States), founded in 2021 by Duncan Crystal. It operates as a Cloud-based insurance quoting solutions for the P&C insurance industry. HeraldAPI has raised $20M in funding from Lightspeed Venture Partners and Brewer Lane Ventures. The company has 145 active competitors, including 17 funded and 21 that have exited. Its top competitors include companies like Covr, Optalitix and Renaissance insurance.
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
- Social
- 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
Investors
Ranked
3rd among 145 active competitors
Employee Count
104 as on Mar 31, 2026
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HeraldAPI's funding and investors
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 | 3371466 | Series A | 8071592 | 2148976 | 4969595 | 7745855 |
Dec 15, 2021 | 8285360 | Seed | 8480469 | 1689668 |
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HeraldAPI's founders and board of directors
Founder? Claim ProfileThe founders of HeraldAPI is Duncan Crystal. Matthew Antoszyk is the CEO of HeraldAPI.
Here are the details of HeraldAPI's key team members:
- Duncan Crystal: Co-Founder of HeraldAPI. Contact Info: 1 email address
- Matthew Antoszyk: CEO of HeraldAPI. Contact Info: 1 email address
View details of HeraldAPI's Founder profiles and Board Members
HeraldAPI's employee count trend
HeraldAPI has 104 employees as of Mar 26. Here is HeraldAPI's employee count trend over the years:
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HeraldAPI's Competitors and alternates
Top competitors of HeraldAPI include Covr, Optalitix and Renaissance insurance. Here is the list of Top 10 competitors of HeraldAPI, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Covr 2013, Boise (United States), Series B | AI & cloud-based insurance quoting solutions for the insurance industry | $30M | 65/100 | |
2nd | Optalitix 2013, London (United Kingdom), Series A | Provider of AI consulting and data analytics services | $8M | 54/100 | |
3rd |  HeraldAPI 2021, Boston (United States), Series A | Cloud-based insurance quoting solutions for the P&C insurance industry | $20M | 53/100 | |
4th | Renaissance insurance 1993, Moscow (Russia), Funding Raised | Diversified insurance carrier | - | 53/100 | |
5th |  Coverforce 2020, New York City (United States), Series A | Quoting software for P&C insurance | $18M | 48/100 | |
6th | Insurance quoting software | $5.96M | 48/100 | ||
7th |  Seopa 2003, Belfast (United Kingdom), Unfunded | Quote engine solutions for brokers & insurers | - | - | 47/100 |
8th | Provider of insurance quoting software | $65M | 46/100 | ||
9th |  PerfectQuote 2017, Austin (United States), Funding Raised | Cloud-based insurance quoting software | - | 46/100 | |
10th | UnderwriteMe 2012, London (United Kingdom), Funding Raised | Automated and data-driven underwriting software | - | - | 45/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on HeraldAPI's competitors? Click here to see the top ones
HeraldAPI's Investments and acquisitions
HeraldAPI has made no investments or acquisitions yet.
News related to HeraldAPI
Media has covered HeraldAPI for 1 event in last 1 year.
•
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Herald: Commercial Insurance Digital Infrastructure Secures $12 MillionPulse 2.0•Nov 01, 2024•HeraldAPI, Underscore VC, Afore Capital, Brewer Lane Ventures and 1 other
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Herald Rakes In $12m To Improve Insurance ConnectivityLife Insurance International•Oct 17, 2024•HeraldAPI, Brewer Lane Ventures, Afore Capital, Underscore VC
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QuoteWell Launches Instant Quoting Powered by HeraldFintech Finance•May 30, 2023•QuoteWell, HeraldAPI
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Broker Buddha Partners with Herald to Offer Carrier Quoting PanelsPR Newswire•Jan 31, 2023•Broker Buddha, HeraldAPI
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