Surround Insurance - About the company
Surround Insurance is a seed company based in Cambridge (United States), founded in 2018. It operates as a Cloud-based insurance platform auto insurance. Surround Insurance has raised $5.11M in funding from investors like Plug and Play Tech Center, MassMutual and Newark Venture Partners. The company has 194 active competitors, including 35 funded and 24 that have exited. Its top competitors include companies like Hagerty, Clearcover and Root.
Company Details
Cloud-based insurance platform auto insurance. It offers solutions for accident coverages, property damaged protection, rented car coverage, and more. It also offers an online claim processing portal for users. It also offer quoting software for insurance agents & brokers.
- Website
- www.surroundinsurance.com/
- Social
- Email ID
- *****@surroundins.com
- Phone Number
- +1 **********
Key Metrics
Founded Year
2018
Location
Cambridge, United States
Stage
Seed
Total Funding
$5.11M in 3 rounds
Latest Funding Round
Investors
Ranked
43rd among 194 active competitors
Employee Count
3 as on Jun 30, 2026
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Surround Insurance's funding and investors
Surround Insurance has raised a total funding of $5.11M over 3 rounds. Its first funding round was on Jun 25, 2019. Its latest funding round was a Seed round on Oct 28, 2022 for $*****. 4 investors participated in its latest round. Surround Insurance has 10 institutional investors and 4 angel investors.
Here is the list of recent funding rounds of Surround Insurance:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 28, 2022 | 1532538 | Seed | 2439812 | 1294882 | 8241714 | 9965185 |
Mar 23, 2021 | 3991605 | Seed | 9652278 | 1025532 | 1677468 | |
Jun 25, 2019 | 3302187 | Grant (prize money) | 2694617 | 7729331 | 7649057 |
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Surround Insurance's founders and board of directors
Founder? Claim ProfileSurround Insurance's employee count trend
Surround Insurance has 3 employees as of Jun 26. Here is Surround Insurance's employee count trend over the years:
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Surround Insurance's Competitors and alternates
Top competitors of Surround Insurance include Hagerty, Clearcover and Root. Here is the list of Top 10 competitors of Surround Insurance, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Hagerty 1983, Traverse City (United States), Public | Automotive insurance solution provider to users | $212M | 74/100 | |
2nd | Clearcover 2016, Chicago (United States), Series D | Online platform that provides automotive insurance | $457M | 71/100 | |
3rd |  Root 2015, Columbus (United States), Public | Provider of car insurance rates based primarily on driving behavior | $540M | 71/100 | |
4th | Metromile 2011, San Francisco (United States), Acquired | App that provides usage-based auto insurance platform for individuals | $295M | 68/100 | |
5th |  Just 2014, Los Angeles (United States), Series A | Usage-based auto insurance platform for individuals | $15.3M | 68/100 | |
6th |  Inshur 2016, New York City (United States), Series C | App-based auto insurance platform for individuals | $88.6M | 65/100 | |
7th |  Zendrive 2013, San Francisco (United States), Acquired | AI-enabled platform offering driver behavior monitoring and analysis solutions | $60M | 64/100 | |
8th | BoatUS 1966, Springfield (United States), Acquired | App-based boat insurance solutions for individuals | - | - | 63/100 |
9th |  Fairmatic 2019, Reno (United States), Series B | Online platform for commercial auto insurance | $88M | 61/100 | |
10th |  Mile Auto 2017, Atlanta (United States), Seed | Internet-first usage-based auto insurance platform for individuals | $16.6M | 60/100 | |
43rd |  Surround Insurance 2018, Cambridge (United States), Seed | Cloud-based insurance platform auto insurance | $5.11M | 36/100 |
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Surround Insurance's Investments and acquisitions
Surround Insurance has made no investments or acquisitions yet.
Reports related to Surround Insurance
Here is the latest report on Surround Insurance's sector:
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