REIN - About the company
REIN is a series B company based in Chapel Hill (United States), founded in 2015 by Jason Griswold and Steve Rabbitt. It operates as an Embedded insurance platform reinventing distribution with technology and curated partnerships. REIN has raised $29M in funding from investors like Volvo Financial Services, Liberty Mutual Insurance and Kiplin Capital. The company has 43 active competitors, including 6 funded and 5 that have exited. Its top competitors include companies like Innoveo, Nvest and Volante.
Company Details
Embedded insurance platform reinventing distribution with technology and curated partnerships. The company reimagines the modern insurance experience by creating impactful embedded moments across any channel, at any point, in any customer journey. They offer customized embedded insurance widgets that activate digital quote-to-bind capabilities across various channels, requiring minimal code for deployment. The business utilizes curated partner networks, carefully evaluating insurance products to match them with top-tier brands for optimal customer reach. Intelligent attribution models provide insights into the most profitable channels, continuously improving the overall distribution strategy. This innovative approach benefits carriers, brands, and media companies by tapping into new channels, enhancing customer experiences, creating new revenue streams, and strengthening content with relevant insurance offerings. The company focuses on providing a seamless experience through its embedded insurance technology and strategic partnerships.
- Website
- rein.ai
- Email ID
- *****@rein.ai
- Phone Number
- +1 **********
Key Metrics
Founded Year
2015
Location
Chapel Hill, United States
Stage
Series B
Total Funding
$29M in 5 rounds
Latest Funding Round
Investors
Ranked
5th among 43 active competitors
Employee Count
59 as on Mar 31, 2026
Legal entities associated with REIN
REIN is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
REIN CONNECTED INSURANCE AGENCY, LLC CIN: 5131324 , United States, Active | May 04, 2017 | - | - | - |
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REIN's funding and investors
REIN has raised a total funding of $29M over 5 rounds. Its first funding round was on Jun 28, 2018. REIN has 5 institutional investors and 3 angel investors.
Here is the list of recent funding rounds of REIN:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 12, 2024 | 2278042 | Series B | 1661892 | 9268384 | 7326622 | 1830853 |
Jul 31, 2023 | 3200540 | Series B | 6164021 | 5760396 | 1440229 | 1095129 |
May 05, 2022 | 8059639 | Series A | 2434027 | 4985818 |
View details of REIN's funding rounds and investors
REIN's founders and board of directors
Founder? Claim ProfileThe founders of REIN are Jason Griswold and Steve Rabbitt. Steve Rabbitt and Jason Griswold are the CEOs of REIN.
Here are the details of REIN's key team members:
- Jason Griswold: Co-Founder & Co-CEO of REIN and founder of 2 other companies, DroneInsurance and Acend. Contact Info: 1 email address
- Steve Rabbitt: Co-Founder & Co-CEO of REIN. Contact Info: 1 email address
View details of REIN's Founder profiles and Board Members
REIN's employee count trend
REIN has 59 employees as of Mar 26. Here is REIN's employee count trend over the years:
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REIN's Competitors and alternates
Top competitors of REIN include Innoveo, Nvest and Volante. Here is the list of Top 10 competitors of REIN, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Innoveo 2007, Zurich (Switzerland), Acquired | Product development solution for insurance industry | $15M | 55/100 | |
2nd | Provider of API based applications for the insurance industry | - | 54/100 | ||
3rd | Volante 2017, London (United Kingdom), Acquired | Cloud-based underwriting platform for insurance industry | - | - | 53/100 |
4th | Zinnia 2005, Greenwich (United States), Late Stage | Provider of technology platforms for life insurance and annuity products. | $300M | 50/100 | |
5th | REIN 2015, Chapel Hill (United States), Series B | Embedded insurance platform reinventing distribution with technology and curated partnerships | $29M | 44/100 | |
6th | Penn River 2019, Media (United States), Unfunded | Platform for insurance-based software development | - | - | 42/100 |
7th | Montoux 2012, New York City (United States), Series A | AI-powered actuarial solutions modernizing risk management for insurance companies | $10.5M | 39/100 | |
8th | Product development & management solutions for insurance businesses | - | - | 38/100 | |
9th | Aquarium Software 2006, Altrincham (United Kingdom), Unfunded | Product development software for insurers | - | - | 35/100 |
10th | Nuon 2020, Royal Tunbridge Wells (United Kingdom), Seed | AI-based insurance product development solutions for insurers and brokers | $1.73M | 35/100 |
Looking for more details on REIN's competitors? Click here to see the top ones
REIN's Investments and acquisitions
REIN has made no investments or acquisitions yet.
Reports related to REIN
Here is the latest report on REIN's sector:
News related to REIN
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Flowcode Partners with REIN to Bring AI to the Insurance IndustryBusiness Wire•Aug 27, 2024•Flowcode, REIN
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Liberty Mutual Partners With REIN to Launch First Insurance Offering for Sony Electronics Inc.GlobeNewswire•Sep 21, 2022•, REIN, Liberty Mutual Insurance
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Trux and REIN Team Up to Offer Dump Truck Drivers Integrated Access to InsuranceBusiness Wire•Jun 15, 2021•TRUX, REIN
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CRP Automotive unveils new Rein automotive water pump kitAuto Service World•Apr 08, 2021•CRP Automotive, REIN
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Volvo Financial Services Invests in Insurtech for Commercial Vehicle SectorEquipment Finance Advisor•Dec 17, 2019•Volvo Financial Services, REIN, Liberty Mutual Insurance, Plug and Play Tech Center and 1 other
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