Top 43 Risk Management Startups to Look Out For in [2023]

Have you ever wondered who is on the list of Risk Management Companies with the highest growth rates?

You’re not alone.

There are hundreds of Risk Management Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 43 fast-growing Risk Management Startups that have top-tier venture capital funding.

What are Risk Management Startups?

Risk management startups are companies that focus on developing technology-driven solutions to help businesses more effectively manage their risk exposure. These solutions can include software and services that help businesses identify, measure, and manage their risk, as well as tools that provide access to real-time risk data and analytics. 

Additionally, some risk management startups specialize in specific areas, such as cybersecurity, corporate governance, or regulatory compliance.

Top 43 Fastest-Growing Startups In Risk Management

1) Embroker

Embroker assists growing businesses in saving time and obtaining the greatest value for their insurance needs.

Details of the startup:

• Country: United States
• City: San Francisco
• Started in: 2015
• Founders: Matt Miller, Sean X Cummings, Yotam Shacham
• Number of employees: 101-250
• Funding amount: $142,400,000
• Number of funding rounds: 4
• Number of investors: 16

You can find their website here.

2) Greenlight Guru

The only quality management software platform built particularly for medical device companies is Greenlight Guru.

Details of the startup:

• Country: United States
• City: Indianapolis
• Started in: 2013
• Founders: David DeRam, Jon Speer
• Number of employees: 101-250
• Funding amount: $121,250,000
• Number of funding rounds: 2
• Number of investors: 1

You can find their website here.

3) Cowbell Cyber

Cowbell Cyber offers continuous risk assessment and cyber insurance powered by AI.

Details of the startup:

• Country: United States
• City: Pleasanton
• Started in: 2019
• Founders: Jack Kudale, Prab Reddy, Rajeev Gupta, Trent Cooksley
• Number of employees: 51-100
• Funding amount: $23,600,000
• Number of funding rounds: 2
• Number of investors: 8

You can find their website here.

4) Riskified

By making eCommerce secure, accessible, and frictionless, Riskified enables businesses to fulfill its full potential.

Details of the startup:

• Country: United States
• City: New York
• Started in: 2012
• Founders: Assaf Feldman, Eido Gal
• Number of employees: 501-1000
• Funding amount: $228,650,000
• Number of funding rounds: 6
• Number of investors: 17

You can find their website here.

5) SecurityScorecard

SecurityScorecard is a cybersecurity tool that identifies and mitigates potential security threats.

Details of the startup:

• Country: United States
• City: New York
• Started in: 2013
• Founders: Aleksandr Yampolskiy, Sam Kassoumeh
• Number of employees: 251-500
• Funding amount: $292,200,000
• Number of funding rounds: 7
• Number of investors: 19

You can find their website here.

6) OneTrust

OneTrust assists businesses in meeting privacy, security, and governance needs in a continuously changing regulatory environment.

Details of the startup:

• Country: United States
• City: Atlanta
• Started in: 2016
• Founders: Kabir Barday
• Number of employees: 1001-5000
• Funding amount: $920,000,000
• Number of funding rounds: 4
• Number of investors: 5

You can find their website here.

7) Cyble

Cyble is a cyber intelligence firm that provides darkweb and cybercrime monitoring and mitigation services to businesses.

Details of the startup:

• Country: United States
• City: Atlanta
• Started in: 2019
• Founders: Beenu Arora, Manish Chachada
• Number of employees: 51-100
• Funding amount: $4,607,000
• Number of funding rounds: 8
• Number of investors: 8

You can find their website here.

8) ComplySci

ComplySci is a technology company that specializes on compliance solutions.

Details of the startup:

• Country: United States
• City: New York
• Started in: 2003
• Founders: Michael D’Angelo, Mitchel Kraskin
• Number of employees: 51-100
• Funding amount: $131,249,992
• Number of funding rounds: 4
• Number of investors: 3

You can find their website here.

9) MK Decision

MK Decision’s objective is to assist community financial institutions in becoming more successful by increasing deposits and lending.

Details of the startup:

• Country: United States
• City: San Diego
• Started in: 2015
• Founders: Guru Dharam Khalsa, Har Rai Khalsa
• Number of employees: 11-50
• Funding amount: $1,079,000
• Number of funding rounds: 2

You can find their website here.

10) One Concern

One Concern offers a resilience-as-a-service solution that assists customers in identifying, preparing for, and mitigating the risk of unforeseeable disasters.

Details of the startup:

• Country: United States
• City: Menlo Park
• Started in: 2015
• Founders: Ahmad Wani, Nicole Hu, Timothy Frank
• Number of employees: 51-100
• Funding amount: $119,160,000
• Number of funding rounds: 5
• Number of investors: 21

You can find their website here.

11) Dataminr

Dataminr is working on an artificial intelligence platform for detecting real-time events and risks.

Details of the startup:

• Country: United States
• City: New York
• Started in: 2009
• Founders: Jeff Kinsey, Sam Hendel, Theodore Bailey
• Number of employees: 501-1000
• Funding amount: $1,052,012,621
• Number of funding rounds: 11
• Number of investors: 43

You can find their website here.

12) EcoVadis

EcoVadis is a collaborative platform that allows businesses to evaluate their suppliers’ environmental and social performance.

Details of the startup:

• Country: France
• City: Paris
• Started in: 2007
• Founders: Frederic Trinel, Pierre Francois Thaler
• Number of employees: 501-1000
• Funding amount: $235,786,060
• Number of funding rounds: 6
• Number of investors: 4

You can find their website here.

13) Deloitte

Select clients receive audit, consultancy, financial advising, risk management, tax, and other relevant services from Deloitte.

Details of the startup:

• Country: United States
• City: New York
• Started in: 1845
• Founders: Deepti Mohanty, Surjadinata Sumantri, William Welch Deloitte
• Number of employees: 10001+

You can find their website here.

14) Overhaul

Overhaul is a technology solution for supply chain integrity that uses visibility to detect and fix non-compliance in supply chains.

Details of the startup:

• Country: United States
• City: Austin
• Started in: 2016
• Founders: Barry Conlon, Robert Clarke
• Number of employees: 51-100
• Funding amount: $64,000,000
• Number of funding rounds: 4
• Number of investors: 4

You can find their website here.

15) Brinqa

Brinqa offers an integrated risk analytics platform for aggregating risk data to businesses and government agencies.

Details of the startup:

• Country: United States
• City: Austin
• Started in: 2008
• Founders: Amad Fida, Hilda Perez
• Number of employees: 51-100
• Funding amount: $110,000,000
• Number of funding rounds: 1
• Number of investors: 1

You can find their website here.

16) CybelAngel

CybelAngel is a digital risk management platform that delivers actionable threat intelligence to businesses.

Details of the startup:

• Country: France
• City: Paris
• Started in: 2013
• Founders: Erwan Keraudy, Matthieu Finiasz, Stevan Keraudy
• Number of employees: 101-250
• Funding amount: $51,700,000
• Number of funding rounds: 4
• Number of investors: 10

You can find their website here.

17) Kyriba

Treasury departments can plan for market volatility, regulation, and opportunities with Kyriba’s SaaS-based treasury solutions.

Details of the startup:

• Country: United States
• City: San Diego
• Started in: 2000
• Founders: Jean-Luc Robert
• Number of employees: 501-1000
• Funding amount: $152,500,000
• Number of funding rounds: 11
• Number of investors: 12

You can find their website here.

18) SAI Global

SAI Global is a globally renowned leader in integrated risk management, assurance, and property services.

Details of the startup:

• Country: Australia
• City: Sydney
• Started in: 2003
• Number of employees: 1001-5000
• Funding amount: A$160,000,000
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

19) BitSight

BitSight is a software that uses a data-driven, outside-in method to rate a company’s security efficacy on a daily basis.

Details of the startup:

• Country: United States
• City: Boston
• Started in: 2011
• Founders: Nagarjuna Venna, Stephen Boyer
• Number of employees: 251-500
• Funding amount: $150,600,000
• Number of funding rounds: 5
• Number of investors: 13

You can find their website here.

20) Exterro

Exterro is a software startup that specializes in work flow management.

Details of the startup:

• Country: United States
• City: Portland
• Started in: 2004
• Founders: Bobby Balachandran
• Number of employees: 101-250
• Funding amount: $100,000,000
• Number of funding rounds: 1
• Number of investors: 1

You can find their website here.

21) EclecticIQ

EclecticIQ is a threat intelligence, hunting, and response technology company based in the United States.

Details of the startup:

• Country: The Netherlands
• City: Amsterdam
• Started in: 2014
• Founders: Joep Gommers, Raymon van der Velde
• Number of employees: 101-250
• Funding amount: € 67,355,000
• Number of funding rounds: 7
• Number of investors: 9

You can find their website here.

22) Interos

Interos is a new company that focuses on supply chain risk management (SCRM) solutions.

Details of the startup:

• Country: United States
• City: Arlington
• Started in: 2005
• Founders: Jennifer Bisceglie
• Number of employees: 101-250
• Funding amount: $28,350,000
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

23) CyberGRX

For its third-party cyber risk management program, CyberGRX offers a global cyber risk exchange.

Details of the startup:

• Country: United States
• City: Denver
• Started in: 2015
• Founders: Fred Kneip
• Number of employees: 101-250
• Funding amount: $99,000,000
• Number of funding rounds: 6
• Number of investors: 14

You can find their website here.

24) Marco

Marco is a tech-enabled trade financing platform that gives Latin American SMEs reliable access to working capital.

Details of the startup:

• Country: United States
• City: Miami
• Started in: 2019
• Founders: Jacob Shoihet, Peter Spradling
• Number of employees: 1-10
• Funding amount: $26,000,000
• Number of funding rounds: 3
• Number of investors: 3

You can find their website here.

25) Paytron

Paytron is a modern transaction account that includes integrated AP and AR.

Details of the startup:

• Country: Australia
• City: Sydney
• Started in: 2020
• Founders: Francois Henrion, Jaco Veldsman
• Number of employees: 11-50
• Funding amount: A$4,350,000
• Number of funding rounds: 2
• Number of investors: 2

You can find their website here.

26) Sedgwick Claims Management Services

Sedgwick is a company that specializes in technology-enabled claims and productivity management.

Details of the startup:

• Country: United States
• City: Memphis
• Started in: 1969
• Number of employees: 10001+
• Funding amount: $501,781,043
• Number of funding rounds: 3
• Number of investors: 2

You can find their website here.

27) Signzy

Signzy is an AI-powered fintech business that provides banks, NBFCs, and other financial institutions with a digital onboarding solution.

Details of the startup:

• Country: India
• City: Bengaluru
• Started in: 2015
• Founders: Ankit Ratan, Ankur Pandey, Arpit Ratan
• Number of employees: 101-250
• Funding amount: $12,600,000
• Number of funding rounds: 6
• Number of investors: 12

You can find their website here.

28) Kaleidofin

Kaleidofin is a fintech platform that offers entire financial solutions to individuals and households who are financially disadvantaged.

Details of the startup:

• Country: India
• City: Chennai
• Started in: 2017
• Founders: Puneet Gupta, Sucharita Mukherjee
• Number of employees: 101-250
• Funding amount: $7,853,930
• Number of funding rounds: 2
• Number of investors: 6

You can find their website here.

29) Resolver

Organizations can use Resolver to reduce the frequency and severity of bad events.

Details of the startup:

• Country: Canada
• City: Toronto
• Started in: 2000
• Founders: Steve Taylor
• Number of employees: 251-500
• Funding amount: $36,195,053
• Number of funding rounds: 2
• Number of investors: 1

You can find their website here.

30) FRISS

Friss is a P&C insurer’s analytics software supplier for fraud, risk, and compliance.

Details of the startup:

• Country: The Netherlands
• City: Utrecht
• Started in: 2006
• Founders: Christian van Leeuwen, Jeroen Morrenhof
• Number of employees: 101-250
• Funding amount: € 15,000,000
• Number of funding rounds: 1
• Number of investors: 2

You can find their website here.

31) SHIELD

SHIELD is a risk intelligence business that focuses on mobile devices. By preventing fraud and abuse, we help world-class companies build trust and safety.

Details of the startup:

• Country: Singapore
• City: Singapore
• Started in: 2008
• Founders: Irene Brime, Justin Lie
• Number of employees: 51-100
• Funding amount: $25,500,000
• Number of funding rounds: 2
• Number of investors: 5

You can find their website here.

32) Omni Latam

Omni Latam is a Latin American financial technology (fintech) platform that provides digital financial solutions.

Details of the startup:

• Country: Colombia
• City: Bogotá
• Started in: 2018
• Founders: Andrés Abumohor, Charlie A Cliff, Diego Caicedo
• Number of employees: 101-250
• Funding amount: $201,650,000
• Number of funding rounds: 4
• Number of investors: 2

You can find their website here.

33) Omada

Solutions and Services for Identity Management and Access Governance

Details of the startup:

• Country: Denmark
• City: Copenhagen
• Started in: 1999
• Founders: Morten Sigurdsson
• Number of employees: 101-250
• Funding amount: £21,700,000
• Number of funding rounds: 3
• Number of investors: 9

You can find their website here.

34) CAMMS

CAMMS provides a wide range of solutions that are well-suited for businesses that require a comprehensive CPM strategy.

Details of the startup:

• Country: Australia
• City: Adelaide
• Started in: 1996
• Number of employees: 101-250
• Funding amount: A$18,000,000
• Number of funding rounds: 1
• Number of investors: 1

You can find their website here.

35) Elements Global Services

Elements Global Services is a record-keeping employer and a tech-enabled services firm.

Details of the startup:

• Country: Spain
• City: Barcelona
• Started in: 2013
• Founders: Richard Hammell
• Number of employees: 51-100
• Funding amount: $20,000,000
• Number of funding rounds: 1
• Number of investors: 1

You can find their website here.

36) Nimble

Nimble offers loans ranging from $300 to $5,000 in minutes through an easy online/mobile application.

Details of the startup:

• Country: Australia
• City: Southport
• Started in: 2005
• Founders: Greg Ellis, Sean Teahan
• Number of employees: 101-250
• Funding amount: $18,300,000
• Number of funding rounds: 2
• Number of investors: 3

You can find their website here.

37) IceKredit

IceKredit Inc. is an AI firm dedicated to using AI-related technologies to assess the creditworthiness of individuals and small businesses.

Details of the startup:

• Country: China
• City: Shanghai
• Started in: 2015
• Founders: Lingyun Gu
• Number of employees: 251-500
• Funding amount: $163,200,000
• Number of funding rounds: 8
• Number of investors: 13

You can find their website here.

38) Qontigo

Qontigo is a pioneer in financial intelligence, specializing in the modernization of investment management, from risk to return.

Details of the startup:

• Country: Germany
• City: Eschborn
• Number of employees: 251-500
• Funding amount: $720,000,000
• Number of funding rounds: 1
• Number of investors: 1

You can find their website here.

39) Elucidate

Elucidate is the only regulated, worldwide standard for calculating and assessing the risk of financial crime.

Details of the startup:

• Country: Germany
• City: Berlin
• Started in: 2018
• Founders: Filipe Garcia, Shane Riedel
• Number of employees: 11-50
• Funding amount: € 5,700,000
• Number of funding rounds: 3
• Number of investors: 7

You can find their website here.

40) 6clicks

Your full Risk & Compliance Operating System, featuring a world-first AI engine and an award-winning mobile app.

Details of the startup:

• Country: Australia
• City: Melbourne
• Started in: 2019
• Founders: Andrew Robinson, Andrew Robinson, Anthony Stevens, Louis Strauss
• Number of employees: 11-50
• Funding amount: A$7,950,000
• Number of funding rounds: 4

You can find their website here.

41) Descartes Underwriting

Descartes Underwriting is a data-driven risk transfer organization that specializes in climate risk modeling.

Details of the startup:

• Country: France
• City: Puteaux
• Started in: 2019
• Founders: Sebastien Piguet, Tanguy Touffut
• Number of employees: 11-50
• Funding amount: $20,773,212
• Number of funding rounds: 2
• Number of investors: 3

You can find their website here.

42) Huatai Insurance Group

Huatai Insurance Group specializes on providing insurance and asset management services.

Details of the startup:

• Country: China
• City: Beijing
• Started in: 1996
• Number of employees: 1001-5000
• Funding amount: $1,534,853,976
• Number of funding rounds: 2
• Number of investors: 1

You can find their website here.

43) Bangsun Technology

Hangzhou-based real-time financial risk management firm.

Details of the startup:

• Country: China
• City: Hangzhou
• Started in: 2010
• Founders: Xinyu Wang
• Number of employees: 251-500
• Funding amount: $74,696,718
• Number of funding rounds: 2
• Number of investors: 4

You can find their website here.

FAQs

Is Risk Management Business Profitable?

Risk management can be a very profitable business. Many organizations require risk management services to ensure their operations are as safe and secure as possible. Companies that specialize in risk management can provide a variety of services such as risk assessment, risk mitigation, compliance, and insurance management. 

These services can be highly profitable for those who are well-versed in the field, and can offer a great opportunity for anyone looking to start a business in this sector.

What Is The Average Investment In Risk Management?

The average investment in risk management startups varies greatly depending on the size and scope of the project. 

Investments can range from a few hundred thousand dollars to tens of millions of dollars. Some of the most successful risk management startups have raised hundreds of millions of dollars in venture capital funding.