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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.
Social
Facebook
Key Metrics
Founded Year
2012
Location
Sheffield, United Kingdom
Stage
Acquired
Total Funding
$16M in 2 rounds
Latest Funding Round
Investors
Ranked
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)

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
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The Floow's founders and board of directors

Founder? Claim Profile
The 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:

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

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:
Employee count trend for The Floow
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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:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Marshmallow
Marshmallow
2017, London (United Kingdom), Series C
App-based auto insurance platform for individuals
$161M
78/100
2nd
Logo for Cuvva
Cuvva
2014, London (United Kingdom), Series A
Online usage-based car insurance solutions
$27.2M
75/100
3rd
Logo for Coalition
Coalition
2017, San Francisco (United States), Series F
Online property and casualty insurance platform for businesses
$800M
71/100
4th
Logo for Zego
Zego
2016, London (United Kingdom), Series C
Usage-based auto insurance solutions for individuals & fleet owners
$282M
69/100
5th
Logo for Flock
Flock
2015, London (United Kingdom), Acquired
Provider of an on-demand insurance platform for commercial drone and motor fleets
$60M
68/100
6th
Logo for Octo Telematics
Octo Telematics
2002, Rome (Italy), Acquired
Provider of telematics and data analytics solutions for the insurance and connected mobility sectors
-
65/100
7th
Logo for Webfleet
Webfleet
1991, Amsterdam (Netherlands), Unfunded
Provider of cloud-based fleet management software
-
-
62/100
8th
Logo for Envelop Risk
Envelop Risk
2016, London (United Kingdom), Series B
Cloud-based cyber insurance underwriting solutions for insurers and reinsurers
$136M
61/100
9th
Logo for By Miles
By Miles
2016, London (United Kingdom), Acquired
App-based insurance platform for auto insurance
$27M
60/100
10th
Logo for Humn.ai
Humn.ai
2017, London (United Kingdom), Acquired
Provider of fleet insurance distributer
$27.1M
57/100
16th
Logo for The Floow
The Floow
2012, Sheffield (United Kingdom), Acquired
Provider of telematics data for insurance
$16M
45/100
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The Floow's Investments and acquisitions

The Floow has made no investments or acquisitions yet.

News related to The Floow

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Zendrive Hires John Kramer to Head Insurance SalesInsurance Innovation ReporterNov 12, 2019Zendrive, The Floow
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