Embroker Valuation, Funding & Investors
Embroker is valued at $30M as of May 2016.
Last Embroker valuation
$30M
Series A · May 2016
Last Embroker funding round
$100M
Series C · Jun 2021
Cumulative funding Embroker raised
$142M
across 4 funding rounds
Key investors in Embroker
Bee Partners
Canaan Partners
500 Global
Nyca Partners
FinTech Collective
Vertical Venture Partners
About Embroker
Embroker is a San Francisco-headquartered digital insurance brokerage transforming property and casualty coverage for businesses. It uses algorithms to match policies from carriers like Chubb and Travelers across all 50 US states from offices in Chicago and Boston. Launched in 2015, Embroker streamlines quoting, binding, and renewals for tech startups, e-commerce firms, and professional services with tailored cyber, D&O, and general liability options.
Founded
2015
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Commission
Valuation
$30M (May 2016)
Sectors
Embroker Valuation
Embroker is currently valued at $30M, based on its Series A in May 2016.
The $12M round was led by Canaan Partners, with participation from Nyca Partners, Vertical Venture Partners, FinTech Collective, Bee Partners, StartX (Stanford-StartX Fund) and 2 other investors.
Embroker valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2016 | Series A | $30M |
Embroker Funding History
Embroker has raised a total of $142M across 4 funding rounds.
Embroker's first fundraising round was a $2M seed round in August 2015. The most recent completed round was a $100M Series C in June 2021.
Embroker funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2021 | Series C | FTV Capital (lead); Canaan Partners; Tola Capital; MassMutual Ventures; Bee Partners; HSCM Bermuda; Gaingels; Chaos Ventures | $100M | - | Embroker, a San Francisco-based insurtech founded in 2015, provides a digital business insurance platform offering tailored coverage such as Cyber Insurance and Directors & Officers Insurance for growing businesses with 10 to 1,000 employees. The company modernizes the property and casualty insurance market by combining technology with broker expertise, enabling online applications and policy management through a cloud-based portal. In June 2021, Embroker raised $100 million in a Series C round led by FTV Capital, with participation from HSCM Bermuda, Gaingels, and follow-on investments from Tola Capital, Canaan Partners, Bee Partners, and MassMutual Ventures. This brought total funding to approximately $142-144 million across multiple rounds. The Series C funding supports Embroker's expansion into a full-stack insurtech by building its own insurance carrier and enhancing Embroker Access, a platform for retail and wholesale brokers to offer digital insurance products. At the time of the round on June 9, 2021, Embroker reported surpassing $20 million in gross written premium across all products for Q1 2021, over 100% retention, more than 300% year-to-date growth in digital products, and an NPS score of 77, indicating strong market traction and customer satisfaction. The company targets vertical business segments with proprietary specialty lines. Investors highlighted Embroker's digital-first approach, domain expertise, and accelerating growth trajectory. FTV Capital, with 22 years of fintech experience, joined the board and plans strategic introductions. Prior rounds included a $28 million Series B in 2018-2019 led by Tola Capital and earlier seed and Series A funding from Canaan Partners and Bee Partners. |
| Dec 2018 | Series B | Tola Capital (lead); Canaan Partners; Nyca Partners; MTech Capital; Manulife; Bee Partners; XL Innovate | $28M | - | - |
| May 2016 | Series A | Canaan Partners (lead); Nyca Partners; Vertical Venture Partners; FinTech Collective; Bee Partners; StartX (Stanford-StartX Fund); XL Innovate; 500 Global | $12M | $30M | Embroker, a San Francisco-based insurtech founded in 2015, provides a cloud-based risk and insurance management system for small and mid-sized businesses, enabling them to buy, compare, analyze, manage, and store insurance policies and data. The company partners with 10 commercial lines carriers including The Hartford and Travelers, and holds licenses in all 50 states. At the time of the Series A, Embroker had 24 employees. In May 2016, Embroker raised a $12.2 million Series A round led by Canaan Partners, with participation from Nyca Partners, XL Innovate, Bee Partners, FinTech Collective, Vertical Venture Partners, 500 Startups, and a debt facility from Silicon Valley Bank. The post-money valuation was $30.06 million, with a price per share of $1.27. Funds were used to expand the team and enhance the technology platform. This followed a $2.2 million seed round in July 2015. Embroker continued scaling with subsequent rounds, including a $28 million Series B in December 2018 led by Tola Capital and a $100 million Series C in June 2021 led by FTV Capital, bringing total funding to $142.4 million. |
| Aug 2015 | Seed | Vertical Venture Partners; FinTech Collective; Bee Partners; 500 Global; Clocktower Technology Ventures | $2M | - | - |
Who has invested in Embroker?
17 investors have backed Embroker across its funding rounds, including Bee Partners, Canaan Partners, 500 Global, Nyca Partners, FinTech Collective and Vertical Venture Partners.
Lead investors include FTV Capital, Tola Capital and Canaan Partners.
Embroker Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| United States | 4 | Participant | Aug 2015 | |
| United States | 3 | Lead | May 2016 | |
| Seattle, WA | 2 | Lead | Dec 2018 | |
| New York City, NY | 2 | Participant | May 2016 | |
| San Francisco, CA | 2 | Participant | Aug 2015 | |
| New York City, NY | 2 | Participant | Aug 2015 | |
| San Francisco, CA | 2 | Participant | May 2016 | |
| San Francisco, CA | 2 | Participant | Aug 2015 | |
| Los Angeles, CA | 1 | Participant | Dec 2018 | |
 Toronto | 1 | Participant | Dec 2018 | |
| United States | 1 | Participant | Jun 2021 | |
 Bermuda | 1 | Participant | Jun 2021 | |
| San Francisco, CA | 1 | Participant | May 2016 | |
This data is available for Pro users. Sign up to see all 17 Embroker investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Embroker
Embroker has acquired 1 company to date.
Last acquisition by Embroker was on March 1st 2022. Embroker acquired AdvisorSmith for undisclosed valuation.
Latest Acquisitions by Embroker
| Description | AdvisorSmith is a research and content platform for small business owners. It publishes guides on entity formation, funding options, insurance needs, and growth strategies backed by data analysis. The site covers topics like LLC vs. S-Corp comparisons, SBA loan requirements, and payroll tax compliance. Based in the United States, AdvisorSmith delivers actionable insights through infographics, calculators, and expert interviews to support entrepreneurship. |
| HQ Country | |
| HQ City | New York City, NY |
| Deal Date | 1 Mar 2022 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Embroker acquisitions and their M&A valuation multiples. Start Free Trial | |
Embroker Competitors
Embroker competitors include listed companies like eHealth and Zhibao Technology, and private ones like Ideal Insurance Brokers/ 121Policy.com, Kompass Group AG, Alliance Insurance Brokers and Policy Ensure.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Kolkata | Private | - | - | $31M | - | |
| United States | Publicly listed | $554M | $83M | $27M | 1.0x | |
 Karlsruhe | Private | - | - | $34M | - | |
| Mumbai | Private | - | - | $24M | - | |
| Gurgaon | Private | - | - | $39M | - | |
 China | Publicly listed | $41M | ($9M) | $52M | 1.2x |
Embroker Public Comps
Embroker is still privately-owned, but its public comps include eHealth, Millenium Insurance, Zhibao Technology, Tian Ruixiang Holdings, AIX Inc., SelectQuote, Qualicorp, AFMA, XChange Tec and AGMA.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $554M | $83M | 0.8x | 1.0x | 5.6x | 6.3x | |||
| - | - | - | - | - | - | |||
| $41M | ($9M) | 1.4x | 1.2x | (6.6x) | 4.4x | |||
| $3M | ($4M) | - | - | - | - | |||
| $83M | ($342M) | 0.8x | - | (0.2x) | - | |||
| $1.6B | $138M | 0.5x | 0.5x | 5.5x | 7.1x | |||
| $277M | $124M | 0.9x | 0.9x | 2.0x | 2.6x | |||
| $33M | $14M | 4.4x | - | 10.8x | - | |||
This data is available for Pro users. Sign up to see all Embroker competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Embroker
| When was Embroker founded? | Embroker was founded in 2015. |
| Where is Embroker headquartered? | Embroker is headquartered in San Francisco, CA, United States. |
| Is Embroker publicly listed? | No, Embroker is a private, VC-backed company. |
| What is Embroker's valuation? | Embroker was last valued at $30M in its Series A in May 2016. |
| How much funding has Embroker raised? | Embroker has raised $142M across 4 funding rounds. |
| What was Embroker's last funding round? | Embroker's last funding round was a $100M Series C in June 2021, led by FTV Capital. |
| Who are Embroker's investors? | Embroker's investors include Bee Partners, Canaan Partners, Tola Capital, Nyca Partners, Vertical Venture Partners, FinTech Collective, XL Innovate, 500 Global, MTech Capital, Manulife and 7 others. |
| Which companies are comparable to Embroker? | Companies comparable to Embroker include Ideal Insurance Brokers/ 121Policy.com, eHealth, Kompass Group AG, Alliance Insurance Brokers, Policy Ensure and Zhibao Technology. |
| How many companies has Embroker acquired? | Embroker has acquired 1 company, including AdvisorSmith. |
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