Earnix Revenue, Valuation, Funding & Investors

Earnix is valued at $1B as of February 2021, a 10.0x revenue multiple. Earnix revenue was $100M, as disclosed with its June 2024 round.

Last Earnix valuation

$1B

Undisclosed stage · Feb 2021

Last Earnix funding round

$50M

Series D · Sep 2025

Earnix revenue

$100M

Secondary · Jun 2024

Key investors in Earnix

  • Jerusalem Venture Partners (JVP)
  • Insight Partners
  • Vintage Investment Partners
  • Israel Growth Partners

Earnix Overview

About Earnix

Earnix is an Israeli enterprise software company founded in 2001 that provides artificial-intelligence decisioning systems for insurers and banks. Its cloud platform combines pricing, rating, analytical underwriting, product personalization and customer-engagement capabilities. Financial institutions use the software to deploy rates, model risk, tailor offers and make governed decisions in real time while integrating with existing core systems. Earnix serves more than 100 major insurers and financial-services organizations across over 30 countries through offices in Israel, the Americas, Europe and Asia Pacific. The company sells its products through multiyear business-to-business software subscriptions and implementation relationships. Its customers include global insurance groups and banks that process large volumes of policies and transactions. Earnix remains privately held and has used institutional growth capital to expand products and international operations.


Founded

2001

HQ

IsraelGivatayim

Website

earnix.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$100M (Jun 2024)

Valuation

$1B (Feb 2021)

Earnix Valuation

Earnix is currently valued at $1B, based on its undisclosed-stage round in February 2021. Read the announcement ↗

The $75M round was led by Insight Partners, with participation from Vintage Investment Partners, Jerusalem Venture Partners (JVP) and Israel Growth Partners.

Earnix valuation by funding round

Earnix valuation by funding round
DateStageValuationRevenue Multiple
Feb 2021Undisclosed stage$1B10.0x

Earnix Revenue

Earnix's latest recorded revenue is $100M, as of its secondary sale in June 2024.

Revenue moved from $100M in February 2021 to $100M in June 2024.

Earnix revenue by funding round

Earnix revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jun 2024$100M--Secondary
Feb 2021$100M$1B10.0xUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Earnix Funding History

Earnix has raised a total of $139M across 3 funding rounds, plus 2 secondary share sales.

Earnix's first fundraising round was a $14M Series A in January 2017. The most recent completed round was a $50M Series D in September 2025.

Earnix funding rounds

Earnix funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2025Series DJerusalem Venture Partners (JVP)$50M-Jerusalem Venture Partners supplied USD 50 million of new growth capital to Earnix through an extended Series D financing completed on September 8, 2025. The primary investment was funded through JVP's new single-asset continuation vehicle and was disclosed alongside a separate USD 240 million secondary purchase of existing Earnix shares. IVC identifies the two deployments as distinct transactions on the same date, and the database therefore records them as separate rows. The USD 50 million leg provided new money to Earnix for product development and international growth rather than liquidity to selling shareholders. TPG GP Solutions led the capital commitment to the USD 290 million continuation vehicle, but Reuters reported that TPG did not invest directly in Earnix; JVP is consequently the sole recorded buyer for this target-level financing. Earnix develops artificial-intelligence decisioning, pricing, rating, underwriting and personalization software for insurers and banks. It serves more than 100 financial institutions across over 30 countries. JVP said the continuation structure would support Earnix's next phase of artificial-intelligence product expansion and reinforce its long-term ownership of the company.
Sep 2025SecondaryJerusalem Venture Partners (JVP)$240M-Jerusalem Venture Partners completed a USD 240 million secondary purchase of Earnix shares on September 8, 2025 through a newly formed single-asset continuation vehicle. The transaction transferred interests held by earlier JVP investors into the new vehicle and allowed those limited partners to receive liquidity or continue their exposure. JVP remained the controlling sponsor and long-term shareholder of Earnix. TPG GP Solutions led the capital commitment to the USD 290 million continuation vehicle, but Reuters explicitly reported that TPG was not a direct investor in Earnix; it is therefore not recorded as a buyer of the target company. IVC separates the vehicle's deployment into a USD 240 million secondary transaction and a distinct USD 50 million extended Series D financing. Earnix provides artificial-intelligence decisioning and pricing software to insurers and banks in more than 30 countries. The continuation structure gives JVP additional time and capital to support the company's product development and international expansion while providing liquidity to investors in the older JVP funds.
Jun 2024SecondaryJerusalem Venture Partners (JVP); Insight Partners--Jerusalem Venture Partners and Insight Partners increased their ownership of Earnix in a secondary transaction announced on June 18, 2024. The buyers purchased shares held by Vintage Investment Partners and Israel Growth Partners, with Earnix also participating in the repurchase process. Contemporary coverage estimated the transferred stake at roughly USD 120 million to USD 130 million, but the parties did not disclose a definitive consideration; the database therefore leaves the amount blank. The transaction changed the ownership of existing shares and did not represent new operating capital raised by Earnix. JVP remained a major shareholder and Insight Partners, which had previously invested in the company, also expanded its position. Earnix is an Israeli enterprise software provider serving insurers and banks. Its cloud products support pricing, rating, analytical underwriting, product personalization and customer engagement. The company serves more than 100 financial institutions in over 30 countries through subscription software and implementation relationships.
Feb 2021Undisclosed stageInsight Partners (lead); Vintage Investment Partners; Jerusalem Venture Partners (JVP); Israel Growth Partners$75M$1BInsight Partners led a $75 million growth funding round in Earnix in February 2021, with participation from existing investors Jerusalem Venture Partners, Vintage Investment Partners and Israel Growth Partners. The round valued the company at $1 billion, making Earnix an Israeli unicorn, and was its first new funding since 2017. Earnix said it would use the proceeds to expand into new market segments and regions, increase investment in product innovation, accelerate hiring and support acquisitions. Press coverage described the round as a pre-IPO financing. Earnix provides AI-based software-as-a-service for insurers and banks, covering rating, pricing and product personalisation, combining artificial intelligence, machine learning and traditional analytics in a fully automated delivery system. The company was founded in 2001 in Israel and serves financial institutions worldwide.
Jan 2017Series AIsrael Growth Partners (lead); Jerusalem Venture Partners (JVP) (lead); Vintage Investment Partners$14M-Earnix, a provider of predictive analytics solutions for the financial services industry, closed a $13.5 million investment round on January 30, 2017, led by Israel Growth Partners and Jerusalem Venture Partners (JVP), with participation from Vintage Investment Partners, to fund its growth strategy.

Who has invested in Earnix?

4 investors have backed Earnix across its funding rounds, including Jerusalem Venture Partners (JVP), Insight Partners, Vintage Investment Partners and Israel Growth Partners.

Lead investors include Insight Partners, Israel Growth Partners and Jerusalem Venture Partners (JVP).


Earnix Investors

Investors in Earnix by funding rounds participated
InvestorHQRoundsRoleFirst check
Jerusalem Venture Partners (JVP)IsraelJerusalem5LeadJan 2017
Vintage Investment PartnersIsraelHerzliya2ParticipantJan 2017

This data is available for Pro users. Sign up to see all 4 Earnix investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by Earnix

Earnix has acquired 2 companies to date.

Last acquisition by Earnix was on April 29th 2025. Earnix acquired Zelros for undisclosed valuation.


Latest Acquisitions by Earnix

Zelros
Driveway
Description
Zelros is a Paris-headquartered AI platform for property and casualty insurers in Europe. The tool predicts claims frequency using telematics data and boosts sales conversion by 20% through scenario-based quoting. Clients including AXA and Allianz process millions of policies annually via integrations with Duck Creek and Guidewire since 2019.
Driveway is a Tel Aviv-headquartered telematics provider using smartphone AI for usage-based insurance. Its patented sensor fusion and machine learning detect trips and score behaviors like harsh braking without hardware. Serving U.S. and European insurers since 2014, Driveway analyzes 1 billion miles driven yearly, enabling personalized premiums for 5 million policyholders.
HQ CountryFranceUnited States
HQ City
Paris
San Francisco, CA
Deal Date29 Apr 202522 Jul 2021
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Earnix acquisitions and their M&A valuation multiples.

Start Free Trial

Investments by Earnix

Earnix has invested in 1 company to date.

Latest investment by Earnix was on August 5th 2025. Earnix invested in Adeptiv AI in their $100K Angel round.


Latest Investments by Earnix

Adeptiv AI
Description
Adeptiv AI is a platform for AI governance and responsible AI compliance, supporting regulations like the EU AI Act, ISO 42001, and U.S. state laws. Headquartered in the United States, it provides tools for data governance, bias detection, explainability, model documentation, and auditing. Adeptiv AI enables organizations to manage AI lifecycles with actionable insights, distinguishing from platforms like Collibra and Credo.ai.
HQ CountryIndia
HQ City
Chandigarh
Deal Date5 Aug 2025
RoundAngel
Raised$100K
Investors-
Valuationundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all Earnix investments and their VC round multiples.

Start Free Trial

Earnix Competitors

Earnix competitors include listed companies like Shenzhen Sunline and Bravura Solutions, and private ones like Augustus, Open Financial Technologies, Vise and Zebec.

Public and private companies comparable to Earnix
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AugustusUnited StatesSan Francisco, CAPrivate--$1B-
Open Financial TechnologiesIndiaBangalorePrivate--$1B-
ViseUnited StatesNew York City, NYPrivate--$1B-
ZebecUnited StatesSan Francisco, CAPrivate$20M-$1B50.0x
Shenzhen SunlineChinaChinaPublicly listed$294M$14M$987M2.8x
Bravura SolutionsAustraliaAustraliaPublicly listed$198M$54M$1.1B5.1x

Earnix Public Comps

Earnix is still privately-owned, but its public comps include Shenzhen Sunline, Bravura Solutions, PEXA Group, Optasia, Mitek Systems, Fujian Apex Software, Vitec Software, Intellect Design Arena Ltd, IRESS and Shenzhen Kingdom Sci-tech.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Shenzhen Sunline$294M$14M3.3x2.8x66.8x42.8x
Bravura Solutions$198M$54M5.2x5.1x19.2x17.5x
PEXA Group$286M$99M3.5x3.4x10.0x9.6x
Optasia$265M$79M4.5x3.6x15.1x10.3x
Mitek Systems$180M$37M4.3x3.9x20.8x11.5x
Fujian Apex Software$87M$28M6.9x7.1x21.4x21.9x
Vitec Software$369M$150M4.2x4.1x10.4x10.2x
Intellect Design Arena Ltd$319M$64M1.8x1.7x9.2x8.3x

This data is available for Pro users. Sign up to see all Earnix competitors and their valuation data.

Start Free Trial

Common questions about Earnix

When was Earnix founded?Earnix was founded in 2001.
Where is Earnix headquartered?Earnix is headquartered in Givatayim, Israel.
Is Earnix publicly listed?No, Earnix is a private, VC-backed company.
What is Earnix's valuation?Earnix was last valued at $1B in its undisclosed-stage round in February 2021.
How much funding has Earnix raised?Earnix has raised $139M across 3 funding rounds.
What was Earnix's last funding round?Earnix's last funding round was a $50M Series D in September 2025.
Who are Earnix's investors?Earnix's investors include Jerusalem Venture Partners (JVP), Vintage Investment Partners, Insight Partners and Israel Growth Partners.
What is Earnix's revenue?Earnix's latest recorded revenue is $100M (June 2024).
Which companies are comparable to Earnix?Companies comparable to Earnix include Augustus, Open Financial Technologies, Vise, Zebec, Shenzhen Sunline and Bravura Solutions.
How many companies has Earnix acquired?Earnix has acquired 2 companies, including Zelros and Driveway.
How many companies has Earnix invested in?Earnix has invested in 1 company, including Adeptiv AI.
What was Earnix's last investment?In August 2025, Earnix invested in Adeptiv AI's $100K angel round.

See companies similar to Earnix

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial