YouSet
The smart way to buy home and car insurance.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor investor investor investor investor investor | €0.0 | round | |
* | CAD3.5m | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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YouSet operates as an online insurance marketplace in Canada, allowing users to compare and purchase insurance policies. The platform focuses on personal lines of insurance, including home, automobile, condominium, and tenant coverage.
The company's value proposition centers on simplifying the insurance procurement process. Prospective clients can receive and compare quotes from several major Canadian insurance companies in under four minutes. The entire transaction, from quote to purchase, can be completed directly on the YouSet platform through a secure online checkout system.
Post-purchase, customers are provided with a personal online account to manage their policies. This portal allows for policy modifications and access to support. The business model is that of a digital insurance broker, earning revenue through commissions from the insurance carriers for the policies sold via its platform. The service is offered to consumers at no direct cost, with no hidden fees.
Keywords: insurance marketplace, online brokerage, auto insurance, home insurance, tenant insurance, condo insurance, policy management, Canadian market, digital insurance, personal lines