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- One Concern
One Concern Funding, Investors & Competitors
One Concern has raised $119M across 4 funding rounds, most recently a $45M undisclosed-stage round in June 2021.
Last One Concern funding round
$45M
Undisclosed stage · Jun 2021
Cumulative funding One Concern raised
$119M
across 4 funding rounds
Key investors in One Concern
New Enterprise Associates
Sompo Holdings
Geodesic Capital
Sozo Ventures
Think + Ventures
Plum Alley
#Angels
American Family Insurance Institute for Corporate and Social Impact
About One Concern
One Concern is a San Francisco-headquartered climate resilience platform utilizing machine learning for physical risk modeling. It analyzes hazards like earthquakes, wildfires, floods, and hurricanes to support insurance pricing, urban planning, and disaster preparedness for clients including governments and Fortune 500 companies. Recognized as a World Economic Forum Technology Pioneer in 2019, the platform processes petabytes of geospatial data across North America and Europe.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Subscription
One Concern Funding History
One Concern has raised a total of $119M across 4 funding rounds.
One Concern's first fundraising round was a $23M Series A in December 2017. The most recent completed round was a $45M undisclosed-stage round in June 2021.
One Concern funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Jun 2021 | Undisclosed stage | Sompo Holdings (lead) | $45M | One Concern is an AI-powered resilience-as-a-Service platform that models and simulates community responses to natural disasters like earthquakes and floods, helping governments, insurers, and enterprises measure, mitigate, and monetize risks. Founded in 2015, the company had previously raised funding through a seed round in 2015, a $33 million Series A led by NEA in 2017, and a $37 million round also involving NEA, bringing total capital to over $100 million prior to the latest deal. On June 3, 2021, Sompo Holdings invested $45 million in One Concern's Series C round as part of a multi-year strategic partnership valued at over $100 million in total commitments, following an initial $15 million investment in 2020. This funding supports expansion into the Japanese market, including deploying the platform to at least six Japanese cities and scaling disaster resilience solutions amid growing climate risks. Sompo, one of Japan's largest insurers, aims to leverage One Concern's technology for predictive disaster mitigation and new customer value creation. The partnership emphasizes AI-driven insights into geographic, population, and structural vulnerabilities to enhance decision-making before disasters occur. One Concern's traction includes prior Japan market entry in 2020 with a country manager and strategic alliances, positioning it in the burgeoning resilience technology sector backed by investors like American Family Insurance and NEA. |
| Sep 2020 | Series B | Sompo Holdings (lead) | $15M | One Concern develops AI-driven software to predict the impact of disasters like earthquakes and floods using geospatial data. The company, founded in 2015, provides resilience solutions to governments, insurers, and enterprises. On August 31, 2020, Sompo Holdings invested $15 million in One Concern as the first phase of a multi-year strategic partnership, in addition to its prior participation in the company's $37 million Series B round from 2019. This investment brought One Concern's total funding to approximately $75 million, including a $20 million Series A in 2017 led by NEA and a seed round. The partnership involves licensing One Concern's technology in Japan, following a pilot in Kumamoto City, with plans to expand to six or more Japanese cities. Sompo Holdings, a major Japanese insurer, co-led the Series B alongside NEA and Sozo Ventures, with additional participation from SB Energy and Plum Alley Investments. In June 2021, Sompo Holdings expanded the partnership with a $45 million investment, part of over $100 million in total commitments to develop the global resilience market. |
| Jun 2019 | Series B | New Enterprise Associates (lead); Sozo Ventures (lead); American Family Insurance Institute for Corporate and Social Impact; Plum Alley | $37M | - |
| Dec 2017 | Series A | New Enterprise Associates (lead); American Family Insurance; David Petraeus; Geodesic Capital; Think + Ventures; Ronald Conway; #Angels | $23M | One Concern is a mission-driven company using machine learning and artificial intelligence with hazard modeling to mitigate risks from natural disasters, before, during, and after events. New Enterprise Associates first invested in One Concern in 2017 during an early-stage round, matching the approximate date of December 19, 2017, with co-investors including Angels, American Family Insurance, David Petraeus, Geodesic Capital, Ronald Conway, and Think + Ventures. NEA's portfolio page confirms their involvement and lists board members Scott Sandell and associated team member Arjun Jain. |
Who has invested in One Concern?
11 investors have backed One Concern across its funding rounds, including New Enterprise Associates, Sompo Holdings, Geodesic Capital, Sozo Ventures, Think + Ventures and Plum Alley.
Lead investors include Sompo Holdings, New Enterprise Associates and Sozo Ventures.
One Concern Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Dec 2017 | ||
| 2 | Lead | Sep 2020 | ||
| 1 | Lead | Jun 2019 | ||
| 1 | Participant | Jun 2019 | ||
| 1 | Participant | Dec 2017 | ||
| 1 | Participant | Dec 2017 | ||
| 1 | Participant | Dec 2017 | ||
| 1 | Participant | Dec 2017 | ||
| 1 | Participant | Dec 2017 | ||
This data is available for Pro users. Sign up to see all 11 One Concern 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 TrialAcquisitions by One Concern
One Concern has acquired 1 company to date.
Last acquisition by One Concern was on December 17th 2019. One Concern acquired Datmo for undisclosed valuation.
Latest Acquisitions by One Concern
| Description | Datmo is a San Francisco-based platform for continuous delivery in data science. It supports ML deployment, experimentation, and optimization within existing workflows, drawing expertise from Stanford AI Lab and UC Berkeley for faster model iterations. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 17 Dec 2019 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all One Concern acquisitions and their M&A valuation multiples. Start Free Trial | |
One Concern Competitors
One Concern competitors include listed companies like Snowflake and Z.ai, and private ones like Anthropic, OpenAI, DeepSeek and Cognition.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $47B | - | $965B | 20.5x | ||
| Private | $25B | - | $852B | 34.1x | ||
| Publicly listed | $4.7B | ($1.3B) | $119B | 21.0x | ||
| Private | - | - | $50B | - | ||
| Private | $900M | - | $48B | 53.3x | ||
| Publicly listed | $108M | ($658M) | $46B | 65.9x |
One Concern Public Comps
One Concern is still privately-owned, but its public comps include Palantir, Snowflake, Z.ai, IonQ, MiniMax Group, Presight AI, Affle 3i, Ncino, Haizhi and C3.ai.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $4.7B | ($1.3B) | 25.6x | 21.0x | (94.1x) | 121.7x | |||
| $108M | ($658M) | 422.9x | 65.9x | (69.4x) | (73.0x) | |||
| $130M | ($531M) | 109.9x | 40.3x | (26.9x) | (39.1x) | |||
| $79M | ($1.9B) | 131.8x | - | (5.5x) | - | |||
| $825M | $214M | 6.3x | 5.4x | 24.4x | 20.8x | |||
| $282M | $67M | 7.4x | 6.7x | 31.3x | 29.5x | |||
| $595M | $65M | 4.3x | 4.0x | 39.0x | 15.8x | |||
This data is available for Pro users. Sign up to see all One Concern competitors and their valuation data. Start Free Trial | ||||||||
Common questions about One Concern
| When was One Concern founded? | One Concern was founded in 2015. |
| Where is One Concern headquartered? | One Concern is headquartered in San Francisco, CA, United States. |
| Is One Concern publicly listed? | No, One Concern is a private, VC-backed company. |
| How much funding has One Concern raised? | One Concern has raised $119M across 4 funding rounds. |
| What was One Concern's last funding round? | One Concern's last funding round was a $45M undisclosed-stage round in June 2021, led by Sompo Holdings. |
| Who are One Concern's investors? | One Concern's investors include New Enterprise Associates, Sompo Holdings, Sozo Ventures, American Family Insurance Institute for Corporate and Social Impact, American Family Insurance, David Petraeus, Geodesic Capital, Think + Ventures, Ronald Conway, Plum Alley and 1 other. |
| Which companies are comparable to One Concern? | Companies comparable to One Concern include Anthropic, OpenAI, Snowflake, DeepSeek, Cognition and Z.ai. |
| How many companies has One Concern acquired? | One Concern has acquired 1 company, including Datmo. |
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