What is VOOM?
VOOM operates as a specialized insurtech firm headquartered in Tel Aviv, Israel, focusing on the underserved mobility market. The company distinguishes itself through a data-driven, usage-based insurance model that caters to high-risk, episodic-use verticals. Its product suite encompasses coverage for drones, e-scooters, e-bikes, motorcycles, and light planes, addressing the unique risk profiles inherent in these emerging transportation modes. By utilizing real-time data to inform underwriting, VOOM provides a more precise and equitable insurance experience compared to legacy providers. The company's market position is defined by its ability to integrate seamlessly into the digital workflows of mobility platforms, ensuring that coverage is both accessible and tailored to the specific operational requirements of its diverse user base.
How much funding has VOOM raised?
VOOM has raised a total of $15M across 1 funding round:
Unspecified
$15M
Unspecified (2021): $15M with participation from F2 Venture Capital, Verizon Ventures, ICON Continuity Fund, Arbor Ventures, UP Partners Management, Kaeden Venture Capital, and JAL Ventures
Key Investors in VOOM
F2 Venture Capital
F2 Venture Capital is an early-stage venture capital firm that partners with bold Israeli founders to build transformative startups from inception to growth.
Arbor Ventures
Arbor Ventures is a visionary venture capital firm focused on fintech, partnering with innovators to shape a smarter future through strategic investments.
UP Partners Management
UP.Labs is a corporate venture foundry that focuses on creating B2B solutions to transform legacy transportation and mobility firms through vertical AI and advanced analytics.
What's next for VOOM?
With the successful closure of this major strategic investment, VOOM is well-positioned to accelerate its product roadmap and deepen its penetration into international markets. The company is expected to focus on enhancing its proprietary risk-modeling algorithms, which are essential for maintaining a competitive edge in the usage-based insurance space. Furthermore, the strategic backing from key venture partners suggests a trajectory toward scaling its enterprise-level partnerships, potentially integrating its insurance solutions into larger mobility ecosystems. As the regulatory environment for autonomous and electric mobility continues to mature, VOOM's data-centric approach will likely prove instrumental in navigating the complexities of insuring next-generation transportation assets, ensuring long-term sustainability and growth in an increasingly fragmented mobility market.
See full VOOM company page
