Bold Penguin

About

Bold Penguin is a commercial insurance exchange that connects customers, agents, and carriers to match the right quote in record time.

Columbus,Ohio,United States
101 - 250

Highlights

Details

Last Funding Type: Series B
Industries: Commercial,Insurance,InsurTech,Internet,Software
Founded date: Jan 1, 2016
Number Of Employee: 101 - 250
Operating Status: Active
Legal Name: Bold Penguin, Inc.

Bold Penguin is a commercial insurance exchange that connects customers, agents, and carriers to match the right quote in record time. With a heavy focus on the agents, Bold Penguin pushes the boundaries of user experience for businesses, an easy tool for agents, and a streamlined process of underwriting for carriers.
The company operates an Exchange which utilizes a set of solutions to identify, triage, quote, and bind commercial insurance in a highly efficient and tech-enabled way. It plans to deliver on the platform enhancements which include more flexibility in how the core technology is leveraged by enterprise customers, expanding in excess and surplus lines. The Company offers a streamlined process of underwriting for carriers in commercial property and casualty insurance services.

Bold Penguin was founded in 2016 and is headquartered in Columbus, Ohio, USA.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

6

$50.50M

Bold Penguin has raised a total of $50.50M in funding over 2 rounds. Their latest funding was raised on Jun 30, 2020 from a Series B round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jun 30, 2020	Series B	—	1	—	—	Detail
Sep 23, 2019	Series B	$32M	5	—	—	Detail
Mar 11, 2019	Series A	$17M	1	MTech Capital	—	Detail
Sep 10, 2018	Series Unknown	—	1	Pivot Investment Partners	—	Detail
Aug 31, 2017	Seed	$1.50M	—	—	—	Detail

Investors

Number of Lead Investors

Number of Investors

2

8

Bold Penguin is funded by 8 investors. MTech Capital and Pivot Investment Partners are the most recent investors.

Investor Name	Lead Investor	Funding Round
MTech Capital	Yes	Series A
Pivot Investment Partners	Yes	Series Unknown
American Family Ventures	—	Series B
Guggenheim Partners	—	Series B
Hudson Structured Capital Management	—	Series B
Lightstone Ventures	—	Series B
Lockton	—	Series B
Stone Point Capital	—	Series B