AMODO

company

About

SaaS Platform for Insurance companies looking to develop new Digital Portfolio of Products and Services.

  • 11 - 50

Details

Last Funding Type
Seed
Last Funding Money Raised
$500K
Industries
Auto Insurance,Big Data,Digital Marketing,Insurance,Internet of Things,Mobile Apps,Risk Management,SaaS,Software
Founded date
May 1, 2013
Number Of Employee
11 - 50
Operating Status
Active

AMODO enables Insurance companies to create, promote and distribute new categories of Insurance Products built on Customer Behavior and Usage data. Common cases entail telematics proposition such as PAYD, PHYD, but also other Insurance Products used in the Mobility space, such as, but not limited to Travel Insurance, Accident Insurance, Gap Insurance, Extended Warranty, Short-Term Motor Insurance, Additional Insurance for Shared Economies (Uber, GrabCar, Airbnb, ...), and other. Insurance companies commonly use AMODO platform to build their direct digital channel, and promote and distribute those Insurance Products and Services, most suitable for digital distribution.

AMODO recognizes early, that Customer Engagement is the key success criteria for development of the new digital channels, and develops unique Customer Engagement Mechanic aimed to boost regular usage. Customer Engagement Mechanic is fully automated through AMODO platform, can be designed step-by-step and scheduled many months in advance, following automatic execution and reporting for the involved stakeholders.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
2
$536K
AMODO has raised a total of $536K in funding over 2 rounds. Their latest funding was raised on Jun 29, 2016 from a Seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jun 29, 2016 Seed $500K 1 Detail
Nov 1, 2015 Pre-seed $36K 1 Alchemist Accelerator Detail

Investors

Number of Lead Investors
Number of Investors
1
2
AMODO is funded by 2 investors. Alchemist Accelerator and Speedinvest are the most recent investors.
Investor Name Lead Investor Funding Round
Alchemist Accelerator Yes Pre-seed
Speedinvest Seed