QuoteLab, LLC
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
QuoteLab, LLC - overview
Established
2010
Location
Los Angeles, CA, US
Primary Industry
Marketing/Advertising
About
QuoteLab, LLC provides data-driven customer acquisition solutions primarily for the insurance industry, enhancing marketing effectiveness through advanced technology and transparency. Founded in 2010 in Los Angeles, US, QuoteLab, LLC specializes in innovative customer acquisition solutions. The company, which has conducted a total of 3 deals, went public in March 2021 through an IPO that raised USD 175. 75 mn, valuing it at approximately USD 1.
4 billion. Co-founded by Eugene Nonko and Steve Yi, the firm is led by CEO Steve Yi, who has a strong background in the industry. MediaAlpha primarily offers technology-driven customer acquisition solutions tailored for the insurance industry and other verticals. Their core product suite enables insurance carriers and distributors to efficiently identify, target, and acquire new customers by leveraging data science and transparency.
The platform allows users to evaluate and price prospects based on their projected lifetime value, facilitating precise targeting and strategic investment in customer acquisition. MediaAlpha's services cater predominantly to the Property and Casualty (P&C) and health insurance sectors in various geographical markets, including the United States and Taiwan. The company focuses on providing partners with actionable insights and enhanced visibility into consumer behavior, thereby optimizing marketing effectiveness and profitability. In the most recent fiscal year of 2024, QuoteLab, LLC reported a revenue of USD 864.
70 mn and EBITDA of USD 50. 16 mn. The firm's revenue generation model relies on structured partnerships with insurance carriers and distributors under a performance-based framework, where clients pay for leads generated through their advanced platform. QuoteLab, LLC is focused on expanding its international reach and exploring new vertical markets, leveraging its recent IPO funding of USD 175.
75 mn. The company aims to invest in cutting-edge technology and enhance its product offerings to meet the evolving needs of its clients. Furthermore, there are plans to enter specific markets abroad in the upcoming years, driven by the insights gained from this capital infusion. The IPO also provided a strategic opportunity to strengthen its position in the insurance technology sector.
Current Investors
Insignia Capital Group
Primary Industry
Marketing/Advertising
Sub Industries
eMarketing/Digital Marketing, Analytics & Performance Software, Sales & Marketing Software
Website
www.mediaalpha.com
Verticals
AdTech, InsureTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
QuoteLab, LLC - timeline of key events
QuoteLab, LLC - financials
| Fiscal Year Ended | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 296,900,000 | 408,000,000 | 584,814,000 | 645,274,000 | 459,072,000 | - | - | - |
| % Revenue Growth (YoY) | - | 37.4% | 43.3% | 10.3% | (28.9%) | - | - | - |
| EBITDA (USD) | 31,300,000 | 30,500,000 | 24,253,000 | 6,684,000 | (28,411,000) | - | - | - |
| Operating Income (USD) | 19,300,000 | 24,800,000 | 19,535,000 | 2,149,000 | (35,390,000) | - | - | - |
| Operating Margin | 6.5% | 6.1% | 3.3% | 0.3% | (7.7%) | - | - | - |
| % EBITDA Margin | 10.5% | 7.5% | 4.1% | 1.0% | (6.2%) | - | - | - |
| NET Income (USD) | 18,100,000 | 17,800,000 | 10,562,000 | (8,475,000) | (72,446,000) | - | - | - |
| % Net Margin | 6.1% | 4.4% | 1.8% | (1.3%) | (15.8%) | - | - | - |
QuoteLab, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Placement/Follow on | Completed | QuoteLab, LLC | - | ||||||||
| IPO | Completed | QuoteLab, LLC | - | ||||||||
| Recapitalisation | Completed | QuoteLab, LLC | - |
Displaying 1 - 3 of 3
QuoteLab, LLC - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.