The Floow - About the company
The Floow is an acquired company based in Sheffield (United Kingdom), founded in 2012 by Aldo Monteforte. It operates as a Provider of telematics data for insurance. The Floow has raised $16M in funding from Fosun. The company has 99 active competitors, including 21 funded and 18 that have exited. Its top competitors include companies like Marshmallow, Cuvva and Coalition.
Company Details
Provider of telematics data for insurance. It provides motor insurers, car makers, and fleet operators with actionable insights to increase ROI. It has a proprietary self-installed device and applications for Android and Apple platforms, which are fully compatible with any telematic data source. Its platform improves premium pricing and reduces claims.
- Website
- www.thefloow.com/
Key Metrics
Founded Year
2012
Location
Sheffield, United Kingdom
Stage
Acquired
Total Funding
$16M in 2 rounds
Latest Funding Round
Ranked
16th among 99 active competitors
Annual Revenue
£5.3M as on Aug 31, 2019
Employee Count
92 as on Dec 31, 2021
Similar Companies
Exit Details
Acquired by Otonomo (Feb 28, 2022)
Legal entities associated with The Floow
The Floow is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
The Floow Limited CIN: 7968005 , Germany, Active | $6.8M (As on Aug 31, 2019) | 92 (As on Dec 31, 2021) |
The Floow's acquisition details
The Floow got acquired by Otonomo on Feb 28, 2022.
Click here to take a look at The Floow's acquisition in detail
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The Floow's funding and investors
The Floow has raised a total funding of $16M over 2 rounds. Its first funding round was on Feb 01, 2016. Its latest funding round was a Series B round on Mar 06, 2017 for $*****. 2 investors participated in its latest round. The Floow has 4 institutional investors.
Here is the list of recent funding rounds of The Floow:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 06, 2017 | 6708212 | Series B | 6563425 | 3118771 | 5167139 | 7118049 |
Feb 01, 2016 | 8597713 | Grant (prize money) | 1850581 | 9080067 | 2743240 |
View details of The Floow's funding rounds and investors
The Floow's founders and board of directors
Founder? Claim ProfileThe founders of The Floow is Aldo Monteforte. Aldo Monteforte is the CEO of The Floow.
Here are the details of The Floow's key team members:
- Aldo Monteforte: Founder and CEO of The Floow. They serve on the board of 1 company.
The Floow's Board of Directors
The Floow's board has 5 active members. Aldo Monteforte is part of team and Ian Peters, Robert Rabone, Samuel Chapman and Andrea Moneta are independent board members.Here is the list of The Floow's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 14y 0m | |
Independent board member | - | Current | 10y 2m | |
itsvdzh | Independent board member | - | Current | 6y 4m |
vnkv{zf | Independent board member | - | Current | 5y 2m |
dwnfibw | Independent board member | - | Current | 9y 9m |
{ptp{zj | Independent board member | - | Past | 1y 3m |
skpraay | Independent board member | - | Past | 4y 2m |
View details of The Floow's Founder profiles and Board Members
The Floow's employee count trend
The Floow has 92 employees as of Dec 21. The total employee count is 21.0% lower than what it was in Dec 20. Here is The Floow's employee count trend over the years:
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The Floow's Competitors and alternates
Top competitors of The Floow include Marshmallow, Cuvva and Coalition. Here is the list of Top 10 competitors of The Floow, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Marshmallow 2017, London (United Kingdom), Series C | App-based auto insurance platform for individuals | $161M | 78/100 | |
2nd | Cuvva 2014, London (United Kingdom), Series A | Online usage-based car insurance solutions | $27.2M | 75/100 | |
3rd | Coalition 2017, San Francisco (United States), Series F | Online property and casualty insurance platform for businesses | $800M | 71/100 | |
4th | Zego 2016, London (United Kingdom), Series C | Usage-based auto insurance solutions for individuals & fleet owners | $282M | 69/100 | |
5th | Flock 2015, London (United Kingdom), Acquired | Provider of an on-demand insurance platform for commercial drone and motor fleets | $60M | 68/100 | |
6th | Octo Telematics 2002, Rome (Italy), Acquired | Provider of telematics and data analytics solutions for the insurance and connected mobility sectors | - | 65/100 | |
7th | Webfleet 1991, Amsterdam (Netherlands), Unfunded | Provider of cloud-based fleet management software | - | - | 62/100 |
8th | Envelop Risk 2016, London (United Kingdom), Series B | Cloud-based cyber insurance underwriting solutions for insurers and reinsurers | $136M | 61/100 | |
9th | By Miles 2016, London (United Kingdom), Acquired | App-based insurance platform for auto insurance | $27M | 60/100 | |
10th | Humn.ai 2017, London (United Kingdom), Acquired | Provider of fleet insurance distributer | $27.1M | 57/100 | |
16th | The Floow 2012, Sheffield (United Kingdom), Acquired | Provider of telematics data for insurance | $16M | 45/100 |
Looking for more details on The Floow's competitors? Click here to see the top ones
The Floow's Investments and acquisitions
The Floow has made no investments or acquisitions yet.
News related to The Floow
•
Sensa hires industry veteran as Chief Operating Officer to drive growth in the USReinsurance News•Sep 27, 2022•Sensa, The Floow
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The Floow expands North American team to support rapid business growthIoT Now•Sep 06, 2022•Otonomo, The Floow
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Otonomo Completes Acquisition of The FloowGlobeNewswire•Apr 14, 2022•Otonomo, The Floow, finnCap Cavendish
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Otonomo to Acquire The Floow, a Leader in Connected Insurance TechnologyBarron's•Feb 28, 2022•Otonomo, The Floow
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TransUnion and The Floow Partner to Deliver Actionable Insights to Insurers Amid Market ShiftsGlobeNewswire•Dec 10, 2020•TransUnion, The Floow
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The Floow Announces Enhanced FloowFleet Connected Insurance PlatformBusiness Wire•Jan 09, 2020•The Floow
•
Zendrive Hires John Kramer to Head Insurance SalesInsurance Innovation Reporter•Nov 12, 2019•Zendrive, The Floow
•
The Floow Taps Danny Maco to Head North and South American OperationsBusiness Wire•Aug 26, 2019•The Floow
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