Bought By Many

The power of aggregators, competition in underwriting, and the advent of Solvency II all mean insurers need new ways of acquiring customers in specific risk segments.

Bought By Many uses social media to address this problem. We connect people with similar insurance needs in social buying groups. These groups can consist of people who share a postcode, a profession, a passion – or anything else. 

For consumers, we create the opportunity to buy insurance on more favourable terms than would be available to them as individuals. And for insurers, we create the opportunity to target the risk segments they most value, profitably, and at meaningful scale.

Company Growth (employees)
Type
Private
HQ
London, GB
Size (employees)
43 (est)+11%
Bought By Many is headquartered in London, GB

Key People at Bought By Many

Steven Mendel

Steven Mendel

CEO and Co-founder
Guy Farley

Guy Farley

Co-Founder
Sam Gilbert

Sam Gilbert

CMO
David Woodfield

David Woodfield

Head of Partnerships

Bought By Many Office Locations

Bought By Many has an office in London
London, GB (HQ)
31-35 Kirby St

Bought By Many Data and Metrics

Summary Metrics

Total Funding

$9.1 m

Latest funding size

$9.1 m

Time since last funding

7 months

Investors

Bought By Many's latest funding round in January 2017 was reported to be $9.1 m. In total, Bought By Many has raised $9.1 m

Bought By Many Financial Metrics

GBP

Cash (31-Mar-2016)

1 m
GBPFY, 2014FY, 2015FY, 2016

Cash

515.5 k392.8 k1 m

Accounts Receivable

122.9 k270.6 k328.8 k

Current Assets

638.4 k663.4 k1.3 m

PP&E

13.7 k2.4 k3.3 m

Total Assets

652.1 k665.8 k4.7 m

Accounts Payable

78 k53.3 k193.4 k

Current Liabilities

78 k53.3 k193.4 k

Total Liabilities

78 k53.3 k1.8 m

Total Equity

574.1 k612.5 k2.9 m

Financial Leverage

1.1 x1.1 x1.6 x
Y, 2016

Financial Leverage

1.6 x

Traffic Overview of Bought By Many

Bought By Many Online and Social Media Presence

Bought By Many News and Updates

Where Insurers and Reinsurers Invested in Tech Startups in 2016

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UK insurtech startup Bought By Many Raises £7.5 million in Series A Funding

London-based Bought By Many, an insurtech startup that uses social media and search data to offer insurance to customers, has closed a £7.5 million Series A funding round. The round was led by Octopus Ventures, with Munich Re/HSB Ventures participating, as well as existing investors. The post UK ins…

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Weekly Insurance Product Launches

Want to receive a weekly deep dive into all things insurance? Click here to subscribe to our new insurance tech newsletter. Need for speed Hi there, Last Friday, AXA entered into a global partnership to develop new insurance products for … Continued

Bought By Many Company Life and Culture

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