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- +Simple
+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
OneRagtime
Idinvest Partners
KKR
Speedinvest
Eurazeo
Anthemis
Tikehau Capital
Olivier Duha
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
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission
Sectors
+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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Mar 2022 | Undisclosed stage | KKR (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 2020 | Series B | Idinvest 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 2018 | Series A | Idinvest Partners (lead); Anthemis; OneRagtime | $12M | - |
| Apr 2017 | Seed | Olivier 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Apr 2017 | ||
| 2 | Lead | Jan 2018 | ||
| 1 | Lead | Mar 2022 | ||
| 1 | Participant | Jan 2018 | ||
| 1 | Participant | Mar 2022 | ||
| 1 | Participant | Mar 2022 | ||
This data is available for Pro users. Sign up to see all 8 +Simple 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 +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
| 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 Country | |||||
| HQ City | Kansas City, MO | Sevilla | Hamburg | Hamburg | |
| Deal Date | 28 Mar 2024 | 28 Feb 2024 | 31 Aug 2023 | 11 Mar 2022 | |
| Valuation | undisclosed | $43M | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all +Simple acquisitions and their M&A valuation multiples. Start Free Trial | |||||
+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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $27B | $7.4B | $83B | 3.7x | ||
| Publicly listed | $17B | $6.5B | $63B | 4.4x | ||
| Publicly listed | $14B | $3.6B | $62B | 4.7x | ||
| Publicly listed | $9.7B | $2.6B | $29B | 3.4x | ||
| Private | $1.5B | $530M | $7.5B | 5.0x | ||
| Private | $739M | $456M | $5.3B | 7.2x |
+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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $27B | $7.4B | 3.9x | 3.7x | 14.2x | 13.0x | |||
| $17B | $6.5B | 4.5x | 4.4x | 11.9x | 13.0x | |||
| $14B | $3.6B | 5.4x | 4.7x | 20.5x | 14.4x | |||
| $9.7B | $2.6B | 3.5x | 3.4x | 13.1x | 12.1x | |||
| $5.8B | $2B | 5.0x | 4.3x | 14.1x | 12.2x | |||
| $1.2B | - | 12.8x | 7.8x | - | - | |||
| $478M | - | 25.1x | 10.1x | - | 12.1x | |||
| $3.3B | $1B | 3.2x | 3.0x | 10.3x | - | |||
This data is available for Pro users. Sign up to see all +Simple competitors and their valuation data. Start Free Trial | ||||||||
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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