What is VOOM?
VOOM operates at the intersection of insurance technology and the rapidly evolving mobility sector. The company's core offering comprises sophisticated, data-driven insurance products tailored for niche markets that traditional insurers often overlook. By leveraging usage-based models, VOOM provides flexible and accurate coverage for assets such as drones, e-scooters, e-bikes, motorcycles, and light aircraft. This approach addresses the unique risk profiles associated with these dynamic mobility solutions, positioning VOOM as a key player in making these emerging transportation methods more accessible and secure through specialized financial backing.
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, ICON Continuity Fund, Arbor Ventures, JAL Ventures, Kaeden Venture Capital, UP Partners Management, and Verizon 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. The firm manages over $500 million in assets and has a portfolio of more than 30 companies, including innovative firms like Zero Networks, Faye, Darrow, and Monocle. F2 provides its portfolio companies with a comprehensive Operator Platform that offers guidance, networking opportunities, and capital to enhance their strategies and execution. With a track record spanning over 25 years, F2 is dedicated to empowering the next generation of iconic companies in Israel.
Arbor Ventures
Arbor Ventures is a visionary venture capital firm focused on fintech, partnering with innovators to shape a smarter future. The company collaborates with entrepreneurs to create advancements in the financial technology sector. With a global reach, Arbor Ventures engages with businesses across various geographies and sectors, ensuring no challenge is too complex. Their mission is to drive the future of fintech through strategic partnerships and investments.
JAL Ventures
JAL Ventures is a venture capital firm that provides expansion capital to early-revenue Israeli technology companies in the enterprise technology sector. The firm focuses on B2B and enterprise markets, seeking companies with high-value technological solutions that demonstrate strong product-market fit. With a diverse management team and a proven track record, JAL Ventures aims to support fast-growing companies with significant scalability potential. Their portfolio includes a variety of innovative technology solutions, from AI-powered platforms to clean energy optimization tools.
What's next for VOOM?
With its recent major strategic investment and a substantial total funding history, VOOM is poised for significant growth and market penetration. The company's focus on underserved mobility segments, coupled with its data-driven insurance products, provides a strong foundation for scaling its operations. Future strategic initiatives are likely to involve expanding its product portfolio, enhancing its technological infrastructure for risk assessment and underwriting, and forging new partnerships within the mobility ecosystem. This infusion of capital will empower VOOM to solidify its market leadership and continue innovating in the insurtech space, potentially exploring new verticals and geographic regions.
See full VOOM company page
