Counterpart

Risk management and insurance solutions provider

New York City, New York, United States

About Counterpart

Counterpart provides risk management and insurance solutions specifically tailored for businesses and professionals, including executive practice groups and digital officers. The company utilizes a proprietary platform that simplifies the management of liability in a fast-paced business environment, making it user-friendly and effective. This platform distinguishes Counterpart from traditional insurance carriers and other startups by offering a fresh perspective on risk management. Counterpart's revenue comes from its risk management services, which are well-received by clients, leading to strong partnerships and growth. Additionally, the company is recognized for its strong underwriting and risk management capabilities, supported by a novel data infrastructure and advanced technology.

New York City, New YorkHeadquarters
2019Year Founded
$54.5MTotal Funding
LATE_VCCompany Stage
Data & Analytics, Fintech, Financial ServicesIndustries
51-200Employees

Benefits

Fully remote workplace
Unlimited Paid Time Off
Stock Options
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Parental Leave
Home Office Stipend
Wellness Stipend
Professional Development Reimbursement
Charitable Contribution Matching

Risks

Increased competition from AI-driven solutions may erode market share.
Rapid tech advancements require continuous platform updates, straining resources.
Potential regulatory scrutiny on AI platforms could increase compliance costs.

Differentiation

Counterpart uses AI and big data for innovative risk management solutions.
The platform offers a unique approach to management liability for businesses and professionals.
Counterpart's proprietary platform is praised for ease of use and fresh risk management perspectives.

Upsides

Recent $30M Series B funding boosts expansion and platform development.
Partnerships with Markel and Aspen enhance credibility and market reach.
Launch of Quote & Bind API streamlines insurance processes for brokers.

Funding

Total raised$54.47 M
Latest valuation$150.00 M
StageLATE_VC
LATE VC
4/30/2023
$16
$150.00 M
$30
$150.00 M
$10
$50.00 M