- Companies
- CREED
CREED Valuation, Funding & Investors
CREED is valued at $6.4B as of February 2022.
Last CREED valuation
$6.4B
Seed · Feb 2022
Last CREED funding round
$3M
Seed · Feb 2022
Cumulative funding CREED raised
$3M
across 1 funding round
About CREED
CREED is a Boston-headquartered insurtech platform automating workflows for property and casualty carriers. It digitizes underwriting submissions, risk assessments, and policy issuance, reducing cycle times by 70% for brokers. Backed by investors since 2022, CREED integrates with Guidewire and processes 5,000 quotes monthly across commercial lines.
Founded
2019
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$6.4B (Feb 2022)
CREED Valuation
CREED is currently valued at $6.4B, based on its seed round in February 2022.
CREED valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2022 | Seed | $6.4B |
CREED Funding History
CREED has raised a total of $3M across 1 funding round.
CREED funding rounds
| Date | Stage | Raised | Valuation | Deal Summary |
|---|---|---|---|---|
| Feb 2022 | Seed | $3M | $6.4B | CRED, founded by Kunal Shah in 2018 as Dreamplug Technologies Pvt. Ltd., is a Bengaluru-based fintech company operating a reward-based credit card payments app that also enables house rent payments and short-term credit lines. The company raised $140 million in its Series F funding round in June 2022, led by GIC with participation from Alpha Wave Global, Dragoneer Investment Group, Sofina, and Tiger Global Management. This round valued CRED at a post-money valuation of $6.4 billion, up from $4.01 billion in the prior Series E round. The Series F funding marked CRED's highest valuation to date at $6.4 billion as of 2022, following prior rounds including a Series E of $251 million at $4.01 billion and Series D of $215 million at $2.2 billion. Investors in earlier rounds included Sequoia Capital India (formerly), DST Global, Ribbit Capital, Coatue, Insight Partners, and Marshall Wace. CRED had raised approximately $904.54 million across 10 rounds by mid-2025. Post-Series F, CRED aimed to capitalize on growth amid plans for future profitability and an IPO within two years. Later discussions in 2025 for a new round sought $100-200 million at a reduced $4 billion valuation, reflecting improved financial performance with operating revenue growing 71% to INR 2,397 crore in FY24 from INR 1,400 crore in FY23, though net losses increased. |
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Start Free TrialCREED Competitors
CREED competitors include listed companies like Andersen Group, Charter Hall Group, Piramal Finance and BayCurrent, and private ones like IIFL Home Loan and Aledade.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $839M | ($121M) | $6.2B | 7.6x | ||
| Publicly listed | $319M | - | $6.2B | 10.8x | ||
| Private | $292M | - | $5.9B | 20.2x | ||
| Publicly listed | $1.1B | $179M | $5.6B | 18.9x | ||
| Publicly listed | $954M | $327M | $7.4B | 6.3x | ||
| Private | $475M | - | $3.5B | 7.4x |
CREED Public Comps
CREED is still privately-owned, but its public comps include Andersen Group, Charter Hall Group, Piramal Finance, BayCurrent, Rithm Capital, DKSH Holding, Mirvac Group, Millrose Properties, Sweco and Booz Allen.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $839M | ($121M) | 8.6x | 7.6x | (59.9x) | 29.7x | |||
| $319M | - | 20.4x | 10.8x | - | 13.0x | |||
| $1.1B | $179M | 12.1x | 18.9x | 73.1x | - | |||
| $954M | $327M | 7.3x | 6.3x | 21.4x | 18.1x | |||
| $2.9B | - | 14.1x | 7.4x | - | - | |||
| $13B | $532M | 0.4x | 0.4x | 10.5x | 9.5x | |||
| $1.8B | $524M | 4.1x | 4.7x | 14.4x | 12.4x | |||
| $600M | $484M | 12.0x | 9.6x | 14.9x | 11.2x | |||
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Common questions about CREED
| When was CREED founded? | CREED was founded in 2019. |
| Where is CREED headquartered? | CREED is headquartered in New York City, NY, United States. |
| Is CREED publicly listed? | No, CREED is a private company. |
| What is CREED's valuation? | CREED was last valued at $6.4B in its seed round in February 2022. |
| How much funding has CREED raised? | CREED has raised $3M across 1 funding round. |
| What was CREED's last funding round? | CREED's last funding round was a $3M seed round in February 2022. |
| Which companies are comparable to CREED? | Companies comparable to CREED include Andersen Group, Charter Hall Group, IIFL Home Loan, Piramal Finance, BayCurrent and Aledade. |
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