+Simple Funding, Investors & Competitors

+Simple has raised $136M across 4 funding rounds, most recently a $100M undisclosed-stage round in March 2022.

Last +Simple funding round

$100M

Undisclosed stage · Mar 2022

Cumulative funding +Simple raised

$136M

across 4 funding rounds

Key investors in +Simple

+Simple Overview

About +Simple

Plus Simple is a Paris-headquartered digital insurance broker specializing in policies for small and medium-sized enterprises in France. Its automated underwriting platform issues commercial liability, property, and cyber insurance quotes in minutes via API integrations. The broker partners with reinsurers like AXA and Allianz to underwrite risks up to EUR 5 million turnover. Launched in 2021, Plus Simple serves over 10,000 SMEs nationwide, emphasizing paperless onboarding and claims processing through its web portal.


Founded

2015

HQ

FranceParis

Status

Privately held

Customer focus

B2B

Revenue model

Commission

+Simple Funding History

+Simple has raised a total of $136M across 4 funding rounds.

+Simple's first fundraising round was a $900K seed round in April 2017. The most recent completed round was a $100M undisclosed-stage round in March 2022.

+Simple funding rounds

+Simple funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2022Undisclosed stageKKR (lead); Tikehau Capital; Speedinvest; Eurazeo$100M+Simple raised $99.04M in a Private Equity round on March 10, 2022, from investors including KKR, Eurazeo, Speedinvest, and Tikehau Capital. This was part of 7 total funding rounds totaling $135.44M across 13 investors.
Oct 2020Series BIdinvest Partners (lead); OneRagtime$23M+Simple (Plus Simple) completed a Series B financing round led by Idinvest Partners, announced on 24 March 2020, structured as an acquisition of minority stake, with OneRagtime also participating as an investor per query details.
Jan 2018Series AIdinvest Partners (lead); Anthemis; OneRagtime$12M-
Apr 2017SeedOlivier Duha (lead); OneRagtime (lead)$900K-

Who has invested in +Simple?

8 investors have backed +Simple across its funding rounds, including OneRagtime, Idinvest Partners, KKR, Speedinvest, Eurazeo and Anthemis.

Lead investors include KKR, Idinvest Partners, Olivier Duha and OneRagtime.


+Simple Investors

Investors in +Simple by funding rounds participated
InvestorHQRoundsRoleFirst check
OneRagtimeFranceParis3LeadApr 2017
Idinvest PartnersFranceParis2LeadJan 2018
KKRUnited StatesNew York City, NY1LeadMar 2022
AnthemisUnited KingdomLondon1ParticipantJan 2018
Tikehau CapitalFranceFrance1ParticipantMar 2022
SpeedinvestAustriaVienna1ParticipantMar 2022

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by +Simple

+Simple has acquired 5 companies to date.

Last acquisition by +Simple was on March 28th 2024. +Simple acquired MBI Suscripcion de Riesgos for undisclosed valuation.


Latest Acquisitions by +Simple

MBI Suscripcion de Riesgos
OM Suscripcion de Riesgos
GMBC
Carl Rieck Assecuradeur
Description
MBI Suscripcion de Riesgos is a Madrid-based insurer specializing in professional liability coverage for sectors like law, accounting, HR consulting, security services, medical clinics, and testing labs. It designs customized policies that protect against claims arising from professional errors or negligence. Operating primarily in Spain, the firm underwrites risks for over 10,000 professionals through a network of brokers and direct channels.
OM Suscripcion de Riesgos underwrites surety insurance for construction and related sectors. Based in Latin America, the agency structures bonds and guarantees for infrastructure projects and contractors.
GMBC manages insurance operations with expertise in data processing, policy administration, cash reconciliation, and regulatory compliance for carriers and reinsurers. The Luxembourg-headquartered group processes over 5 million policies annually across life, health, and property lines using its proprietary INSURE platform. Established in 1990, GMBC supports 20 insurers in Europe and Asia with SOC 2 Type II audited services, automating IFRS 17 reporting and claims adjudication through AI-driven workflows.
Carl Rieck Assecuradeur is a historical Hamburg-based independent insurer specializing in transport risks. Operating from 1920 to 1940s, it underwrote cargo shipments on Atlantic routes. The firm managed policies for shipping lines like Hapag-Lloyd, pioneering marine coverage models.
HQ CountryUnited StatesSpainGermanyGermany
HQ City
Kansas City, MO
Sevilla
Hamburg
Hamburg
Deal Date28 Mar 202428 Feb 202431 Aug 202311 Mar 2022
Valuationundisclosed$43Mundisclosedundisclosed
EV/Revenue
EV/EBITDA

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+Simple Competitors

+Simple competitors include listed companies like Marsh, Aon, Arthur J. Gallagher and Willis Towers Watson, and private ones like The Ardonagh Group and The Automobile Association.

Public and private companies comparable to +Simple
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
MarshUnited StatesUnited StatesPublicly listed$27B$7.4B$83B3.7x
AonUnited StatesUnited StatesPublicly listed$17B$6.5B$63B4.4x
Arthur J. GallagherUnited StatesUnited StatesPublicly listed$14B$3.6B$62B4.7x
Willis Towers WatsonUnited StatesUnited StatesPublicly listed$9.7B$2.6B$29B3.4x
The Ardonagh GroupUnited KingdomLondonPrivate$1.5B$530M$7.5B5.0x
The Automobile AssociationUnited KingdomBasingstokePrivate$739M$456M$5.3B7.2x

+Simple Public Comps

+Simple is still privately-owned, but its public comps include Marsh, Aon, Arthur J. Gallagher, Willis Towers Watson, Brown & Brown, BB Seguros, CAIXA Seguridade, Primerica, Ryan Specialty and Steadfast Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Marsh$27B$7.4B3.9x3.7x14.2x13.0x
Aon$17B$6.5B4.5x4.4x11.9x13.0x
Arthur J. Gallagher$14B$3.6B5.4x4.7x20.5x14.4x
Willis Towers Watson$9.7B$2.6B3.5x3.4x13.1x12.1x
Brown & Brown$5.8B$2B5.0x4.3x14.1x12.2x
BB Seguros$1.2B-12.8x7.8x--
CAIXA Seguridade$478M-25.1x10.1x-12.1x
Primerica$3.3B$1B3.2x3.0x10.3x-

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Common questions about +Simple

When was +Simple founded?+Simple was founded in 2015.
Where is +Simple headquartered?+Simple is headquartered in Paris, France.
Is +Simple publicly listed?No, +Simple is a private, VC-backed company.
How much funding has +Simple raised?+Simple has raised $136M across 4 funding rounds.
What was +Simple's last funding round?+Simple's last funding round was a $100M undisclosed-stage round in March 2022, led by KKR.
Who are +Simple's investors?+Simple's investors include OneRagtime, Idinvest Partners, KKR, Anthemis, Tikehau Capital, Speedinvest, Olivier Duha and Eurazeo.
Which companies are comparable to +Simple?Companies comparable to +Simple include Marsh, Aon, Arthur J. Gallagher, Willis Towers Watson, The Ardonagh Group and The Automobile Association.
How many companies has +Simple acquired?+Simple has acquired 5 companies, including MBI Suscripcion de Riesgos, OM Suscripcion de Riesgos, GMBC, Carl Rieck Assecuradeur and Marintec.
What was the largest acquisition by +Simple?The $611M acquisition of Marintec in March 2022 is the largest acquisition +Simple has made to date.

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