Walnut Insurance
Introducing a new era of life insurance with affordable plans, instant coverage and exciting member benefits.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
* | $3.3m Valuation: $20.0m | Series A | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 145 % | 12 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Walnut operates in the embedded insurance market, providing a platform that allows businesses to integrate various insurance products directly into their offerings. The company serves a diverse range of clients, including personal lines, commercial entities, and group life insurance providers. Walnut's business model revolves around offering APIs and no-code solutions, enabling seamless integration of insurance products into client platforms. This approach allows businesses to select the most relevant insurance products for their customer base, driving additional revenue streams. Walnut makes money through partnerships with over 14 carriers, offering products such as mobile device protection, personal cyber protection, product warranties, and balance protection. The company aims to bring insurance into the digital age, making it more accessible and user-friendly for all Canadians.
Keywords: embedded insurance, APIs, no-code solutions, personal lines, commercial insurance, group life insurance, mobile device protection, personal cyber protection, product warranties, balance protection.