Sometimes, you have to jump through a couple of hoops to get funding. And that often means getting insurance. Opply was no different. They were raise-ready, having only started the business earlier that year and attended the prestigious Entrepreneur First accelerator. But they knew that cover was needed before investment.
That’s where we came in. After being introduced by a VC, we kicked things off by mapping out an insurance programme that met their needs. As a company that digitises the supply chain for food and drink brands, we knew they needed policies that covered both UK and US expansion. But things were moving fast. They wanted to accelerate to 15 staff in just a few short months. That meant ensuring all their basic policies were also up to scratch.
And their growth was inevitable – the solution they offer is in high demand. Around 25 million small consumer goods brands exist, and a million launch every year. But because they have a limited network and supply chain knowledge, it typically takes them four months to source and order from suppliers. Opply was designed to resolve this.
So, recognising the speed with which they’d grow, our team put together a package that meant Opply could develop while knowing all their bases were covered.
Now a fully automated supply chain platform, they have 10 million suppliers on their books and have since built the world’s largest and highest quality database.
Capsule makes insurance simple. With their help, we had the peace of mind necessary to focus entirely on our business. I would highly recommend them to any fast-growing company looking for support.
Helen Murphy, Co-founder and CEO of Opply
Partnering with us helped Opply secure the investment they needed. Think you’re raise-ready? Get in touch and we’ll build you the kind of programme that supports your ambitions.