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Hagerty is a public company based in Traverse City (United States), founded in 1983 by Kim Hagerty. It operates as an Automotive insurance solution provider to users. Hagerty has raised $212M in funding from Markel. The company has 299 active competitors, including 41 funded and 47 that have exited. Its top competitors include companies like Root, Clearcover and Cambridge Mobile Telematics.
Company Details
- Website
- www.hagerty.com/
- Social
- Email ID
- *****@hagerty.com
- Phone Number
- +1 **********
Key Metrics
Founded Year
1983
Location
Traverse City, United States
Stage
Public
Total Funding
$212M in 2 rounds
Latest Funding Round
Ranked
1st among 299 active competitors
Annual Revenue
$788M as on Dec 31, 2022
Investment & Acquisitions
Exit Details
Public
Legal entities associated with Hagerty
Hagerty is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
May 20, 2011 | - | - | - | |
Apr 30, 2010 | - | - | - | |
Dec 22, 2020 | $788M (as on Dec 31, 2022) | - | - |
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Hagerty's funding and investors
Hagerty has raised a total funding of $212M over 2 rounds. Its first funding round was on Aug 01, 2019. Its latest funding round was a Post IPO round on Jun 23, 2023 for $80M. 2 investors participated in its latest round, which includes FG Ventures, State Farm, Markel Corporation and Trousdale Ventures.
Hagerty has 5 institutional investors including Markel, FG Ventures and State Farm.
Here is the list of recent funding rounds of Hagerty:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Jun 23, 2023 | $80M | Post IPO | 2621606 | 4256869 | |
Aug 01, 2019 | $212M | PE | 9562372 | 7404502 |
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Hagerty's founders and board of directors
Founder? Claim ProfileThe founders of Hagerty is Kim Hagerty. McKeel Hagerty is the CEO of Hagerty.
Here are the details of Hagerty's key team members:
- Kim Hagerty: Founder of Hagerty.
View details of Hagerty's Founder profiles and Board Members
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Hagerty's Competitors and alternates
Top competitors of Hagerty include Root, Clearcover and Cambridge Mobile Telematics. Here is the list of Top 10 competitors of Hagerty, ranked by Tracxn score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Hagerty 1983, Traverse City (United States), Public | Automotive insurance solution provider to users | $212M | 73/100 | |
2nd | Root 2015, Columbus (United States), Public | Online car insurance platform for individuals | $540M | 69/100 | |
3rd | Clearcover 2016, Chicago (United States), Series D | Online platform that provides automotive insurance | $432M | 67/100 | |
4th | Cambridge Mobile Telematics 2010, Cambridge (United States), Series C | Usage-based data monitoring solutions for the auto insurance industry | $502M | 66/100 | |
5th | Sigo Insurance 2017, New York City (United States), Series A | App-based auto insurance comparison platform for individuals | $22.7M | 63/100 | |
6th | Metromile 2011, San Francisco (United States), Acquired | App that provides usage-based auto insurance platform for individuals | $295M | 62/100 | |
7th | HDVI 2018, Chicago (United States), Series C | Telematics-based data & monitoring solutions for auto insurers and fleet owners | $88.5M | 61/100 | |
8th | Inshur 2016, New York City (United States), Series B | App-based auto insurance platform for individuals | $53.6M | 61/100 | |
9th | VOOM 2016, Palo Alto (United States), Series B | Online usage-based motorcycle insurance platform for individuals | $22M | 58/100 | |
10th | Webfleet 1991, Amsterdam (Netherlands), Unfunded | Provider of cloud-based fleet management software | - | - | 57/100 |
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Hagerty's Investments and acquisitions
Filter this listHagerty has made 2 investments in companies including IYRS and IYRS. Hagerty has also acquired 8 companies including Consolidated National Insurance and The Palm Beach Garage. Here is the list of investments & acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Feb 14, 2024 | Acquisition | New York City, United States | ||
Nov 01, 2022 | Acquisition | 1998 | West Palm Beach, United States | |
Aug 10, 2022 | Acquisition | 2021 | Detroit, United States |
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Reports related to Hagerty
Here is the latest report on Hagerty's sector:
News related to Hagerty
Filter this listMedia has covered Hagerty for a total of 10 events in the last 1 year, 7 of them have been about company updates and 1 about partnerships.
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Hagerty, Inc. (NYSE:HGTY) Shares Acquired by Dimensional Fund Advisors LPMarketBeat•May 19, 2025•Hagerty
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Hagerty, Inc. (NYSE:HGTY) Shares Acquired by Markel Group Inc.MarketBeat•Mar 11, 2025•Markel Corporation, Hagerty
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Hagerty Non-GAAP EPS of $0.02 beats by $0.01, revenue of $291.73M beats by $12.15MSeeking Alpha•Mar 04, 2025•Hagerty
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AM Best Affirms Credit Ratings of Hagerty Reinsurance Limited; Assigns Credit Ratings to Drivers Edge Insurance CompanyInsuranceNewsNet•Nov 27, 2024•Hagerty, AM Best
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Hagerty Renews Multi-year Partnership With Agero To Continue Delivering Specialized Roadside Assistance To Driving EnthusiastsBusiness Wire•Sep 10, 2024•Agero, Hagerty
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Hagerty adds ex-Munich Re US CEO Anthony Kuczinski to its BoardReinsurance News•Jul 12, 2024•Hagerty, Munich Re
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Hagerty Announces Expiration and Results of Warrant Exchange Offer and Consent SolicitationPR Newswire•Jul 03, 2024•Hagerty
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