SimplyInsured is an insurance technology company providing a platform that allows clients to estimate their real out-of-pocket costs when purchasing health insurance that is headquartered in San Francisco, California and was founded in 2012 by Bob Aspell and Vivek Shah.
On October 2, 2013 SimplyInsured completed their first seed funding round with $750, 000 in funding from Y Combinator, Conversion Capital, AltalR Capital, Waseem Daher, Tim Chen, Sam Melamed, Matt Huang, Jeff Arnold, Jacob Gibson, and Amee Chaundry.
On April 20, 2015 SimplyInsured completed their second seed funding round with $1.8 million in funding from Starling Ventures, AltalR Capital, Tim Chen, Sam Melamed, Jacob Gibson, and Adil Chaudry.
On June 20, 2015 SimplyInsured completed their series A funding round with $5.9 million in funding from Polaris Partners (lead investor), Corazon Capital, Bessemer Venture Partners, and AltalR Capital.
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- InsuranceEquitable transfer of the risk of a loss, from one entity to another in exchange for payment
- Cluster: Insurance TechnologyAn industry around technology applied to insurance sometimes also referred to as Insurtech or Insuretech, whereby companies sell or distribute insurance or related products (such as data) digitally.