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

One Concern Overview

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

United StatesSan Francisco, CA

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

One Concern funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2021Undisclosed stageSompo Holdings (lead)$45MOne 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 2020Series BSompo Holdings (lead)$15MOne 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 2019Series BNew Enterprise Associates (lead); Sozo Ventures (lead); American Family Insurance Institute for Corporate and Social Impact; Plum Alley$37M-
Dec 2017Series ANew Enterprise Associates (lead); American Family Insurance; David Petraeus; Geodesic Capital; Think + Ventures; Ronald Conway; #Angels$23MOne 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

Investors in One Concern by funding rounds participated
InvestorHQRoundsRoleFirst check
New Enterprise AssociatesUnited StatesSan Francisco, CA2LeadDec 2017
Sompo HoldingsJapanJapan2LeadSep 2020
Sozo VenturesUnited StatesSan Francisco, CA1LeadJun 2019
American Family Insurance Institute for Corporate and Social ImpactUnited StatesMadison, WI1ParticipantJun 2019
American Family InsuranceUnited StatesMadison, WI1ParticipantDec 2017
David PetraeusUnited StatesNew York City, NY1ParticipantDec 2017
Geodesic CapitalUnited StatesSan Francisco, CA1ParticipantDec 2017
Think + VenturesUnited StatesSan Francisco, CA1ParticipantDec 2017
Ronald ConwayUnited StatesSan Francisco, CA1ParticipantDec 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 Trial

Acquisitions 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

Datmo
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 CountryUnited States
HQ City
San Francisco, CA
Deal Date17 Dec 2019
Valuationundisclosed
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.

Public and private companies comparable to One Concern
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AnthropicUnited StatesSan Francisco, CAPrivate$47B-$965B20.5x
OpenAIUnited StatesSan Francisco, CAPrivate$25B-$852B34.1x
SnowflakeUnited StatesUnited StatesPublicly listed$4.7B($1.3B)$119B21.0x
DeepSeekChinaHangzhouPrivate--$50B-
CognitionUnited StatesSan Francisco, CAPrivate$900M-$48B53.3x
Z.aiChinaChinaPublicly listed$108M($658M)$46B65.9x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Palantir$4.5B$1.5B92.6x58.1x285.0x97.4x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Z.ai$108M($658M)422.9x65.9x(69.4x)(73.0x)
IonQ$130M($531M)109.9x40.3x(26.9x)(39.1x)
MiniMax Group$79M($1.9B)131.8x-(5.5x)-
Presight AI$825M$214M6.3x5.4x24.4x20.8x
Affle 3i$282M$67M7.4x6.7x31.3x29.5x
Ncino$595M$65M4.3x4.0x39.0x15.8x

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.

See companies similar to One Concern

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