- Companies
- Prima.it
Prima.it Valuation, Funding & Investors
Prima.it is valued at $509M as of October 2018.
Last Prima.it valuation
$509M
Series A · Oct 2018
Last Prima.it funding round
$113M
Series A · Oct 2018
Cumulative funding Prima.it raised
$124M
across 2 funding rounds
Key investors in Prima.it
Alberto Genovese
Goldman Sachs
Blackstone
About Prima.it
Prima.it is an Italian online insurer distributing policies for automobiles, motorcycles, and light commercial vehicles. Digital tools facilitate policy management, renewals, and claims from its prima.it platform.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Valuation
$509M (Oct 2018)
Prima.it Valuation
Prima.it is currently valued at $509M, based on its Series A in October 2018. Read the announcement ↗
The $113M round was led by Blackstone and Goldman Sachs, with participation from Alberto Genovese.
Prima.it valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2018 | Series A | $509M |
Prima.it Funding History
Prima.it has raised a total of $124M across 2 funding rounds.
Prima.it's first fundraising round was a $11M seed round in May 2014. The most recent completed round was a $113M Series A in October 2018.
Prima.it funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2018 | Series A | Blackstone (lead); Goldman Sachs (lead); Alberto Genovese | $113M | $509M | Prima Assicurazioni (also referred to as Prima.it), an Italian insurtech founded in 2015 by Alberto Genovese (former CEO of Facile.it) and Teodoro D'Ambrosio, specializes in online car insurance underwritten by Great Lakes Insurance (Munich Re Group). The company positions itself as a digital player in the auto insurance market, leveraging technology for sales and client value. In October 2018 (dated 10/15/2018 or around 10/24/2018), Prima raised approximately €100 million (equivalent to $113-115.84 million across sources) from Goldman Sachs Private Capital Investing and Blackstone-managed funds (Tactical Opportunities), marking Italy's largest VC deal and investment in a tech company that year. Existing shareholders Genovese and D'Ambrosio retained majority ownership post-investment. Funds were allocated to new technologies, marketing, sales expansion, and staff onboarding to fuel growth. The deal highlighted insurtech momentum in Italy, following raises like Archimede's €47M SPAC and Infomobility's €100M exit. Prima grew to lead Italy's online motor insurance by 2020, expanding into home/family products by 2021 and adding Carlyle Group as a shareholder in 2022. |
| May 2014 | Seed | Alberto Genovese | $11M | - | - |
Who has invested in Prima.it?
3 investors have backed Prima.it across its funding rounds, including Alberto Genovese, Goldman Sachs and Blackstone.
Lead investors include Blackstone and Goldman Sachs.
Prima.it Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | May 2014 | ||
This data is available for Pro users. Sign up to see all 3 Prima.it 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 TrialPrima.it Competitors
Prima.it competitors include listed companies like weSure and Abaxx Technologies, and private ones like Lunar, Bestow, AscendEX and BTSE.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2B | - | ||
| Private | - | - | $490M | - | ||
| Private | - | - | $450M | - | ||
| Publicly listed | $1.4B | $170M | $601M | - | ||
| Private | - | - | $400M | - | ||
| Publicly listed | $745K | ($28M) | $395M | 90.7x |
Prima.it Public Comps
Prima.it is still privately-owned, but its public comps include MEDGULF, American Integrity, Investors Title, SanlamAllianz Maroc, American Coastal, Crawford, Sabre Insurance Group, Quick Sigorta, Sjova-Almennar tryggingar and weSure.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.1B | $19M | 0.5x | - | 26.4x | - | |||
| $276M | $117M | 1.9x | 0.5x | 4.5x | - | |||
| $273M | $49M | 1.8x | - | 9.9x | - | |||
| $812M | $161M | 0.7x | 0.6x | 3.4x | - | |||
| $335M | $160M | 1.4x | 0.8x | 3.0x | - | |||
| $1.3B | $89M | 0.4x | 0.4x | 6.1x | 4.4x | |||
| $269M | $69M | 2.1x | 1.9x | 8.2x | - | |||
| $1.1B | $269M | 0.4x | - | 1.6x | - | |||
This data is available for Pro users. Sign up to see all Prima.it competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Prima.it
| When was Prima.it founded? | Prima.it was founded in 2015. |
| Where is Prima.it headquartered? | Prima.it is headquartered in Milan, Italy. |
| Is Prima.it publicly listed? | No, Prima.it is a private, VC-backed company. |
| What is Prima.it's valuation? | Prima.it was last valued at $509M in its Series A in October 2018. |
| How much funding has Prima.it raised? | Prima.it has raised $124M across 2 funding rounds. |
| What was Prima.it's last funding round? | Prima.it's last funding round was a $113M Series A in October 2018, led by Blackstone and Goldman Sachs. |
| Who are Prima.it's investors? | Prima.it's investors include Alberto Genovese, Blackstone and Goldman Sachs. |
| Which companies are comparable to Prima.it? | Companies comparable to Prima.it include Lunar, Bestow, AscendEX, weSure, BTSE and Abaxx Technologies. |
See companies similar to Prima.it
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