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Valuation

$36M

2024 Revenue

$60.8M

Funding

$0

Team

35

Founded

2017

How Spot Insurance CEO Matt Randall grew Spot Insurance to $60.8M revenue with a 35 person team in 2024.

We’re on a never-ending journey to change how you think about insurance—again and again. From a pragmatic chore to an opt-in lifestyle, from a transactional relationship to a community of the like-minded. We approach insurance with creativity, continually revisiting, redesigning, and reimagining how it can be a force for better living.

Last updated

Spot Insurance Revenue

In 2024, Spot Insurance's revenue reached $60.8M. The company previously reported $12M in 2019. Since its launch in 2017, Spot Insurance has shown consistent revenue growth.

Spot Insurance Revenue GrowthReported revenue / ARR by year$0$15M$30M$45M$60M$75M20172018201920202021202220232024$0$12M$61MSource: GetLatka.com
YearMilestoneQuote
2024Spot Insurance Hit $60.8m revenue in June 2024
2019Spot Insurance Hit $12m revenue in October 2019
2017Launched with $0 revenue

Spot Insurance Valuation, Funding Rounds

Spot Insurance's most recent disclosed valuation is $36M.

Spot Insurance is a bootstrapped SaaS startup. Founded in 2017, Spot Insurance has grown to $60.8M in revenue without raising any venture capital or outside funding.

As a self-funded SaaS company, Spot Insurance has built its business with no outside investment.

Spot Insurance Capital Raised & ValuationCumulative capital raised and post-money valuation by roundCapital raised (cum.)Valuation$0$120172017 cumulative: $0 • 2017 Founded: $02017 Founded: $0 valuationSource: GetLatka.com
YearRoundAmountValuation% SoldQuote

Spot Insurance Employees & Team Size

Spot Insurance employs approximately 35 people as of 2026, down from 60 in 2023.

Spot Insurance has 35 total employees in different roles and functions.

Spot Insurance Team GrowthReported headcount over time01530456075201720182019202020212022202320240060603535Source: GetLatka.com
YearMilestone
2024Reached 35 employees (December 2024)
2024Reached 60 employees (October 2024)
2023Reached 60 employees (October 2023)

Founder / CEO

Matt Randall

Co-Founder at Spot

Q&A

QuestionAnswer
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Customers

We do not have customer count information for Spot Insurance yet.

Frequently Asked Questions about Spot Insurance

What is Spot Insurance's revenue?

Spot Insurance generates $60.8M in revenue.

Who founded Spot Insurance?

Spot Insurance was founded by Matt Randall.

Who is the CEO of Spot Insurance?

The CEO of Spot Insurance is Matt Randall.

How much funding does Spot Insurance have?

Spot Insurance raised $0.

How many employees does Spot Insurance have?

Spot Insurance has 35 employees.

Where is Spot Insurance headquarters?

Spot Insurance is headquartered in Austin, Texas, United States.

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Source Attribution

Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.

Company data last updated .