ParaCode - About the company
ParaCode is a seed company based in Lambourn (United Kingdom), founded in 2018. It operates as a Cloud-based insurance software platform solutions. ParaCode has raised $17.6K in funding. The company has 116 active competitors, including 23 funded and 29 that have exited. Its top competitors include companies like Guidewire, FintechOS and Hyperexponential.
Company Details
Cloud-based insurance software platform solutions. It offers policy administration and claims management for MGSs, insurers, brokers, and claims handlers.
- Website
- paracode.net
- Social
- Registered Address
- CULLIMORE HOUSE,PEASEMORE,NEWBURY,BERKSHIRE,ENGLAND,RG20 7JN
Key Metrics
Founded Year
2018
Location
Lambourn, United Kingdom
Stage
Seed
Total Funding
$17.6K in 1 round
Latest Funding Round
Ranked
70th among 116 active competitors
Employee Count
6 as on Mar 31, 2025
Legal entities associated with ParaCode
ParaCode is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
PARACODE HOLDINGS LIMITED CIN: 15583758 , United Kingdom, Active | Mar 22, 2024 | - | 2 (As on Mar 31, 2025) | |
PARACODE LTD CIN: 11964664 , United Kingdom, Active | Apr 25, 2019 | - | 6 (As on Mar 31, 2025) |
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ParaCode's funding and investors
ParaCode has raised a total funding of $17.6K over 1 round.
Here is the list of recent funding rounds of ParaCode:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 14, 2021 | 5776702 | Seed | 6365134 | 2243111 | 4182812 | 5264219 |
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ParaCode's founders and board of directors
Founder? Claim ProfileParaCode's employee count trend
ParaCode has 6 employees as of Mar 25. The total employee count is 50.0% more than what it was in Mar 24. Here is ParaCode's employee count trend over the years:
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ParaCode's Competitors and alternates
Top competitors of ParaCode include Guidewire, FintechOS and Hyperexponential. Here is the list of Top 10 competitors of ParaCode, 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 | - | 77/100 | |
2nd |  FintechOS 2017, London (United Kingdom), Series B | Provider of AI-based software suite for the banking and insurance industry | $146M | 68/100 | |
3rd | Hyperexponential 2017, London (United Kingdom), Series B | Developer of software for commercial insurance pricing and underwriting workflows | $91M | 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 policy administration and compliance solutions for the insurance industry | - | 63/100 | ||
8th | Applied 1983, University Park (United States), Acquired | Provider of a cloud-based software suite for P&C insurers, MGA and agents | - | 62/100 | |
9th | Insurance agency management software | - | - | 62/100 | |
10th | Send Technology 2017, London (United Kingdom), Acquired | Software suite for commercial insurance | $10.6M | 61/100 | |
70th | ParaCode 2018, Lambourn (United Kingdom), Seed | Cloud-based insurance software platform solutions | $17.6K | - | 27/100 |
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ParaCode's Investments and acquisitions
ParaCode has made no investments or acquisitions yet.
Reports related to ParaCode
Here is the latest report on ParaCode's sector:
News related to ParaCode
•
Blink Payment Partners With ParaCode To Modernise Insurance PaymentsFintech Finance•Mar 11, 2025•Blink, ParaCode
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