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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
+Simple revenue
$23M
Undisclosed stage · Mar 2022
Key investors in +Simple
OneRagtime
Idinvest Partners
KKR
Speedinvest
Eurazeo
Anthemis
Alma Mundi Ventures
Tikehau Capital
About +Simple
+Simple is a French digital commercial-insurance broker founded in 2015. It distributes professional insurance to freelancers, small companies and sector-specific businesses through an online platform and a network of partner brokers. The software collects risk information, matches customers with suitable policies and lets agents assemble coverage from products supplied by multiple insurers. Its model combines brokerage operations with technology used to digitize underwriting, policy sales and servicing. Revenue comes from insurance-broker commissions and related distribution economics rather than underwriting risk as a carrier. The company has expanded through acquisitions of regional and specialist insurance intermediaries in France and other European markets. Its 2020 financing supported international expansion and the acquisition of April Entreprise Est.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission
Revenue
$23M (Mar 2022)
Sectors
+Simple Revenue
+Simple's latest recorded revenue is $23M, as of its undisclosed-stage round in March 2022.
+Simple revenue by funding round
| Date | Revenue * | Stage |
|---|---|---|
| Mar 2022 | $23M | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
+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 | KKR led a EUR 90 million growth financing round in +Simple, a French digital insurance broker, announced in March 2022. Existing investors Eurazeo and Speedinvest took part in the round, while Tikehau Capital provided the debt portion of the funding. The proceeds were used alongside the round to close three acquisitions: Alians in France, an insurance brokerage focused on business risks in non-conventional medicine with about EUR 2.5 million of turnover in 2021; Carl Rieck Assecuradeur in Germany, an underwriting agency for self-employed professionals and small businesses with about EUR 6 million of turnover in 2021; and Matintec in Italy, a medical-risk underwriting agency with about EUR 1.5 million of turnover in 2021. +Simple provides insurance to self-employed workers and small businesses in France, Germany and Italy, operating as a wholesale broker that distributes through retail brokers, carrier partnerships and generalist brokers. The company's revenues grew by 100% in 2021 following earlier acquisitions of April Entreprise Est, Aleade and S4Y in 2020 and Crealinks in 2019. |
| Oct 2020 | Series B | Idinvest Partners (lead); Alma Mundi Ventures; OneRagtime | $23M | Idinvest Partners led a EUR 20 million financing round in +Simple in October 2020, with participation from existing investors OneRagtime, Anthemis and Edmond de Rothschild Private Equity and new investors Mundi Ventures and Speedinvest. The round combined a EUR 15 million capital increase with EUR 5 million of debt and doubled the EUR 10 million raised two years earlier. Alongside the financing, +Simple acquired April Entreprise Est, the Strasbourg-based subsidiary of the April group, which added about 30 employees and a network of regional brokers. +Simple is an online insurance broker serving small and medium-sized businesses that large insurers often overlook. Its automated broker platform matches small companies with suitable cover from about 20 partner insurers, including Allianz, Generali and Malakoff Mederic, which delegate risk management to it. The company was founded in 2015 by Eric Mignot, Salah Hamida and Anthony Jouannau, is based in Marseille and Nancy, and manages roughly 50,000 clients. It had about 80 employees after the acquisition. |
| Jan 2018 | Series A | Idinvest Partners (lead); Anthemis; OneRagtime | $12M | Idinvest Partners, Anthemis and OneRagtime invested in +Simple in a Series A round of about EUR 10 million announced in January 2018, with the Rothschild family also taking part. OneRagtime had already joined the previous round in April 2017, which raised about EUR 800,000. The company said the funds would be used to build a data science team and apply machine learning to its automated insurance brokerage. +Simple is a French insurtech that operates an online broker for insurance aimed at very small businesses and independent professionals. It uses a digital, robot-assisted process to compare offers and place cover, and it earns commissions as an insurance intermediary. The company is headquartered in France and later raised a larger round led by Idinvest with participation from OneRagtime, Mundi Ventures and Speedinvest. |
| Apr 2017 | Seed | Olivier Duha (lead); OneRagtime (lead) | $900K | - |
Who has invested in +Simple?
9 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 | Oct 2020 | ||
| 1 | Participant | Jan 2018 | ||
| 1 | Participant | Mar 2022 | ||
| 1 | Participant | Mar 2022 | ||
This data is available for Pro users. Sign up to see all 9 +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, Arthur J. Gallagher, Aon 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 | $97B | 4.1x | ||
| Publicly listed | $14B | $3.6B | $72B | 5.3x | ||
| Publicly listed | $17B | $6.5B | $71B | 4.8x | ||
| Publicly listed | $9.7B | $2.6B | $30B | 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, Arthur J. Gallagher, Aon, Willis Towers Watson, Brown & Brown, BB Seguros, CAIXA Seguridade, Primerica, Ryan Specialty and Baldwin Insurance.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $27B | $7.4B | 4.4x | 4.1x | 16.0x | 14.5x | |||
| $14B | $3.6B | 6.1x | 5.3x | 23.3x | 16.1x | |||
| $17B | $6.5B | 4.9x | 4.8x | 13.0x | 13.8x | |||
| $9.7B | $2.6B | 3.7x | 3.4x | 13.5x | 12.3x | |||
| $5.8B | $2B | 5.4x | 4.6x | 15.1x | 13.0x | |||
| $1.1B | - | 12.1x | 7.5x | - | - | |||
| $448M | - | 25.0x | 9.9x | - | 11.8x | |||
| $3.3B | $1B | 2.7x | 2.5x | 8.7x | - | |||
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, Alma Mundi Ventures, Anthemis, Tikehau Capital, Speedinvest, Olivier Duha and Eurazeo. |
| What is +Simple's revenue? | +Simple's latest recorded revenue is $23M (March 2022). |
| Which companies are comparable to +Simple? | Companies comparable to +Simple include Marsh, Arthur J. Gallagher, Aon, 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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