Draft:Gabi.com
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| Company type | Subsidiary |
|---|---|
| Industry | Insurtech |
| Founded | 2016 |
| Founders | Hanno Fichtner; Krzysztof Kujawa; Vincenz Klemm |
| Headquarters | San Francisco, California, U.S. |
Area served | United States |
Key people | Hanno Fichtner (CEO) |
| Parent | Experian (2021–present) |
| Website | www |
Gabi Personal Insurance Agency, Inc. (branded Gabi) is an American online insurance brokerage that compares auto and home policies from more than 40 carriers and automates switching to cheaper coverage.[1] Founded in 2016, Gabi allows users to upload an existing declarations page or connect to their insurer’s portal; its software then scans coverages and continuously monitors for lower-priced, equivalent policies.[1]
History
[edit]Founding and early funding (2016–2020)
[edit]Gabi was launched in San Francisco in 2016 by entrepreneurs **Hanno Fichtner**, **Krzysztof Kujawa** and **Vincenz Klemm**.[2]
- **Seed (2017):** raised US$2.6 million led by SV Angel and A.Capital.[1]
- **Series A (2018):** secured US$9.5 million led by Canvas Ventures, with Correlation Ventures, Northwestern Mutual Future Ventures and others participating.[3]
- **Series B (2020):** closed US$27 million led by Mubadala Capital, bringing disclosed funding to US$39.1 million.[4]
Acquisition by Experian (2021)
[edit]On 21 October 2021 credit-reporting firm Experian agreed to buy Gabi for **US$320 million**, integrating the startup into its Experian Insurance Services unit.[5][6] Experian said the deal expanded its presence in the auto-insurance marketplace and would leverage Gabi’s comparison engine across Experian’s 30-million-member consumer platform.[7]
Products and business model
[edit]Gabi is a licensed insurance agency rather than a lead-generation site.[4]
- **Quote comparison:** Users connect an existing policy; Gabi matches coverage levels and returns real-time quotes from national and regional carriers.
- **Policy switching:** When a lower price is found, Gabi completes the purchase online and cancels the old policy on the customer’s behalf.[1]
- **Continuous monitoring:** The platform monitors renewal dates and automatically notifies customers of better offers, generating recurring commission revenue on retained policies.[4]
As of 2023 Gabi worked with more than 40 carriers, including Progressive, Travelers and Safeco, and claimed average annual savings of US$800 per customer.[8]
See also
[edit]References
[edit]- ^ a b c d Lawler, Ryan (August 23, 2017). "With $2.6 million in funding, Gabi wants to get you a better deal on insurance". TechCrunch. Retrieved 8 June 2025.
- ^ "InsurTech Gabi is acquired by Experian". Project A. 22 November 2021. Retrieved 8 June 2025.
- ^ Lynley, Matthew (February 21, 2018). "Gabi gets $9.5M to help car and home owners find better insurance". TechCrunch. Retrieved 8 June 2025.
- ^ a b c Wilhelm, Alex (January 29, 2020). "Insurance startup Gabi raises $27M to double its product, engineering and marketing teams". TechCrunch. Retrieved 8 June 2025.
- ^ "Experian acquires Gabi for $320 million". Coverager. November 2021. Retrieved 8 June 2025.
- ^ Moncada Rivera, Fernando (23 November 2021). "Experian executes $320m Gabi acquisition". Global Corporate Venturing. Retrieved 8 June 2025.
- ^ "Experian snaps up insurtech, paytech firms in $353m acquisition sweep". Fintech Global. 22 November 2021. Retrieved 8 June 2025.
- ^ "Gabi Insurance Comparison Review". The Zebra. April 2023. Retrieved 8 June 2025.
External links
[edit]