Layr
Insurtech startup determined to help small businesses tackle commercial insurance on their terms.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor investor investor investor investor investor investor | €0.0 | round | |
* | $10.0m | Series A | |
| Total Funding | 000k | ||
| USD | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 167 % | 64 % | 88 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Layr is a pioneering company in the business insurance sector, providing an entirely online platform for purchasing and managing business liability insurance. The company primarily serves small and medium-sized business owners and entrepreneurs across the United States. Layr operates in the insurance market, leveraging technology to streamline the traditionally cumbersome process of obtaining business insurance.
The business model is straightforward: users enter basic information about their business, receive a custom quote within 12 minutes, and can activate their coverage within 48 hours by adding their credit card information. Layr makes money through commissions from the insurance policies sold via its platform.
The platform features an intuitive user interface, an insurance proposal generator, a secure insurance portal, proof of insurance, and an insurance claim wizard. Layr partners with 15 top-rated carriers to ensure that clients receive the best possible coverage tailored to their specific needs. The company’s founder and CEO has over 15 years of experience as a traditional insurance broker, which has informed the development of this innovative solution.
Keywords: online insurance, business liability, customizable policies, small business, entrepreneurs, insurance technology, quick quotes, top-rated carriers, user-friendly, insurance claims.