Formotiv
Bryn Mawr, US · Delaware corporation · 2 known investors
Find your way into Formotiv
192 people in our graph share verified history with the Formotiv team — schools, employers, funds. One of them is your warm intro.
James Wangunlockedknows Andrew Schwabe · together at Georgia Institute of Technology (overlapped)
×11knows the team · via University of St Andrews
ForMotiv provides real-time behavioral intelligence to insurance carriers, capturing in-session digital behavior data to improve conversion decisions and prevent fraud during the underwriting process. The platform uses proprietary behavioral, device, and network signals to score applicant intent and risk across direct and agent channels.
Founders & leadership
WC
William Conners IIICo-founder
AS
Andrew SchwabeinCo-founder · Chairman, AdvisorAndrew Schwabe spent two years observing AI implementations at Fortune 500 companies and holds a PhD from the University of St Andrews. He has over 25 years of experience as a full-stack architect and founder.
Investors · 2
Reported raises · per SEC filings
Form D private placements$8.2M disclosed across 3 rounds · 2018–2022
▶$2MraisedJun 2023 · 14 investors · Other TechnologyRule 506(b)
▶$2MraisedJun 2023 · 14 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- William Conners IIIExecutive Officer, Director
- John BurkeDirector
- Michael NugentDirector
- Andrew SchwabeDirector
- Offering amount
- $2M
- Amount sold
- $2M
- First sale
- Dec 2022
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$5.8MraisedSep 2021 · 18 investors · Other TechnologyRule 506(b)
▶$5.8MraisedSep 2021 · 18 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- William Conners IIIExecutive Officer, Director
- Andrew SchwabeDirector
- John BurkeDirector
- Offering amount
- $7M
- Amount sold
- $5.8M
- First sale
- Aug 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$405KraisedJul 2018 · 8 investors · Other TechnologyRule 506(b)
▶$405KraisedJul 2018 · 8 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- William Conners IIIExecutive Officer, Director, Promoter
- Andrew SchwabeExecutive Officer, Director, Promoter
- Offering amount
- $650K
- Amount sold
- $405K
- First sale
- Jun 2018
- Incorporated
- Limited Liability Company, Pennsylvania, 2016
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 4
by search overlap
Duck Creek Technologies34 shared keywordsDuck Creek Technologies provides cloud-native software for property and casualty insurance carriers to manage underwriting, claims, billing, and policy administration. The company serves P&C insurers globally with AI-powered capabilities to simplify operations and accelerate digital transformation.
Confluent32 shared keywordsConfluent provides a cloud-native platform for real-time data streaming and movement, enabling organizations to connect applications and respond to business events as they occur. The platform serves as a central infrastructure layer for handling continuously flowing data across enterprise systems.
Guidewire Software28 shared keywordsGuidewire provides technology and software for property and casualty (P&C) insurers to run and grow their business. It serves the insurance industry with a platform for core operations, data, and digital engagement.
Pilotbird25 shared keywordsPilotbird provides software for property and casualty (P&C) insurance teams to detect ineligible or fraudulent claims by analyzing open-source social data points and building claimant profiles. It generates lifestyle insights and predictive analytics to help adjusters prioritize claims and improve special investigation unit referral rates.
Companies competing with Formotiv for the same Google search keywords, organic and paid, via search-intersection analysis.
Frequently asked questions
- What does Formotiv do?
- ForMotiv provides real-time behavioral intelligence to insurance carriers, capturing in-session digital behavior data to improve conversion decisions and prevent fraud during the underwriting process. The platform uses proprietary behavioral, device, and network signals to score applicant intent and risk across direct and agent channels.
- Who founded Formotiv?
- Formotiv was founded by William Conners III, Andrew Schwabe.
- Who are Formotiv's investors?
- Formotiv's investors include Dreamit Ventures, Vestigo Ventures.
- How much funding has Formotiv raised?
- Formotiv has disclosed $8.2M raised across 3 rounds.
- Where is Formotiv headquartered?
- Formotiv is headquartered in Bryn Mawr, US.