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AMODO

Full company profile

uuid000368e

Namestring
AMODO
Legal namestring
Amodo
Websiteurl
amodo.eu
Company typeenum
Private
Founded yearint
2014
Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersZagreb, Croatia
HQ citystring
Zagreb
HQ countrystring
Croatia
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
usage-based insurance, telematics platform, connected insurance software, insurtech platform, pay-how-you-drive
Industry4 codes
1Telematics & Usage-Based Insurance (UBI) Platforms
CodeFSAGAGAFPrimaryYes
2Usage-Based / Telematics Personal Auto Insurance
CodeFSAJAAABPrimaryNo
3Pay-Per-Mile Personal Auto Insurance
CodeFSAJAAACPrimaryNo
4Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS)
CodeFSAGAGABPrimaryNo
NAICS code2 codes
  • Other Insurance Related Activities52429
  • Insurance Agencies and Brokerages52421
SIC code2 codes
  • Services-Computer Integrated Systems Design7373
  • Insurance Agents, Brokers & Service6411
Product category
Insurtech / Usage-Based Insurance Software
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Platform Licensing
TypeLicensing Royalties
Description

Amodo Connected Insurance Platform licensed to insurers and brokers to create personalized UBI products, enabling strategic insights into customer profiles, segmentation, and profitable customer acquisition

cmtelematics.com
2Connected Insurance Projects
TypeProfessional Services
Description

Implementation and launch of telematics programs including try-before-you-buy, pay-as-you-drive, and pay-per-mile models for insurance clients

cmtelematics.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Technology or R&D, Personnel, Operations, Marketing or Sales
GTM typeB2B
B2B
Offering typeSoftware
Software
Core offering1 text field

AMODO operated a SaaS Connected Insurance Platform that enabled insurance companies to create and brokers to place personalized usage-based insurance (UBI) products. The platform supported telematics-based programs such as try-before-you-buy, pay-as-you-drive, and pay-per-mile, providing insurers strategic insights into customer profiles, segmentation, and profitable customer acquisition.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Launched close to 50 connected insurance projects worldwide with leading companies
Product overview1 text field

Amodo is an award-winning European insurtech company that operated as a unified platform offering personalized usage-based insurance (UBI) solutions. The core product, the Amodo Connected Insurance Platform, enabled insurers to create and brokers to place personalized UBI products on the market. Amodo's platform provided strategic insights into customer profiles, segmentation capabilities, and profitable customer acquisition tools. Over nine years, Amodo launched close to 50 connected insurance projects worldwide with leading companies such as AIG, Porsche Versicherungs, Tower Insurance, and P&V. In March 2023, Amodo was acquired by Cambridge Mobile Telematics (CMT), with Amodo adopting the CMT name and its CEO becoming CMT's Managing Director of Europe.

Product and service1 record
1Amodo Connected Insurance Platform
CategoryInsurtech / Usage-Based Insurance Software
Description

SaaS telematics and usage-based insurance (UBI) platform that enables insurers to create and brokers to place personalized UBI products on the market. Supports programs including try-before-you-buy, pay-as-you-drive, and pay-per-mile, and provides strategic insights into customer profiles, segmentation, and profitable customer acquisition. Built for enterprise insurance companies and insurance brokers.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Cambridge Mobile Telematics (CMT)
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2023-03-01
Description

Cambridge Mobile Telematics acquired Amodo in March 2023 to accelerate global expansion and strengthen European presence. The acquisition brought together two telematics companies with large and growing footprints in Europe. Amodo's customers gained access to CMT's advanced telematics solutions for driver risk measurement, crash and claims services, and behavioral modification. Amodo's CEO Marijan Mumdziev became CMT's Managing Director of Europe. Amodo adopted the CMT name post-acquisition.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
1Cambridge Mobile Telematics
TypeDirect peer
Description

World's largest telematics service provider and Amodo's acquirer; operates the DriveWell platform for UBI, crash detection, and driver behavior programs across 95+ deployments in 25 countries — the most direct comparable in smartphone-based telematics for insurers.

2Octo Telematics
TypeDirect peer
Description

European-headquartered telematics and UBI provider serving insurers globally; competes head-to-head with Amodo/CMT in usage-based auto insurance platforms and crash/claims analytics.

3The Floow
TypeDirect peer
Description

UK-based telematics and UBI platform provider focused on European auto insurers; offers smartphone telematics scoring and policyholder engagement tools comparable to Amodo's Connected Insurance Platform.

4IMS (Intelligent Mechatronic Systems)
TypeDirect peer
Description

Telematics and UBI solutions provider with strong ties to North American and global insurers; offers driver behavior scoring and usage-based insurance products in the same category as Amodo.

5TrueMotion
TypeDirect peer
Description

Smartphone telematics platform for usage-based insurance, family safe driving, and fleet; competes directly with Amodo on mobile-first UBI scoring and driver behavior data.

6Sentiance
TypeEmerging player
Description

AI-driven behavioral intelligence and telematics platform used by insurers and mobility players; overlaps with Amodo's risk-scoring and driver-behavior capabilities, particularly for European insurers.

7Arity
TypeBroad incumbent
Description

Allstate-owned telematics and mobility data platform serving major insurers and mobility companies; a larger, established UBI and driving-data player comparable to Amodo at greater scale.

8LexisNexis Risk Solutions (Telematics)
TypeBroad incumbent
Description

Major data and analytics provider whose telematics and driving-behavior solutions are used by insurers for UBI pricing and risk selection; competes with Amodo as part of a broader insurance data portfolio.

9Verizon Connect
TypeBroad incumbent
Description

Fleet and vehicle telematics business within Verizon, encompassing driver behavior, UBI, and connected vehicle data; a broad incumbent with overlapping telematics offerings for insurers and fleets.

10Tractable
TypeEmerging player
Description

AI computer-vision platform for insurance claims and damage assessment; adjacent to Amodo's telematics-driven claims and behavioral modification offerings within the broader insurer-tech stack.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers4 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI capability1 record

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature2 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds3 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors5 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

AMODO

Insurtech / Usage-Based Insurance Softwareamodo.eu

AMODO firmographics

Firmographics
Name
AMODO
Legal name
Amodo
Website
https://amodo.eu
Company type
Private
Founded year
2014
Operating status
Acquired
Headcount range
11–50 employees
Ownership category
akta.pro rank

AMODO industry classification

Industry
Product category
Insurtech / Usage-Based Insurance Software
NAICS
Other Insurance Related Activities (52429), Insurance Agencies and Brokerages (52421)
SIC
Services-Computer Integrated Systems Design (7373), Insurance Agents, Brokers & Service (6411)
akta.pro primary industry
Telematics & Usage-Based Insurance (UBI) Platforms (FSAGAGAF)
akta.pro secondary industries
Usage-Based / Telematics Personal Auto Insurance (FSAJAAAB), Pay-Per-Mile Personal Auto Insurance (FSAJAAAC), Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)

Keywords

  • Usage-based insurance
  • Telematics platform
  • Connected insurance software
  • Insurtech platform
  • Pay-how-you-drive

Where AMODO is headquartered

Location

Headquarters

HQ city
Zagreb
HQ country
Croatia
HQ region
Europe

Offices1 record

Markets served

AMODO business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Technology or R&D, Personnel, Operations, Marketing or Sales

Revenue model

  1. Platform Licensing: Amodo Connected Insurance Platform licensed to insurers and brokers to create personalized UBI products, enabling strategic insights into customer profiles, segmentation, and profitable customer acquisition
  2. Connected Insurance Projects: Implementation and launch of telematics programs including try-before-you-buy, pay-as-you-drive, and pay-per-mile models for insurance clients

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

AMODO product offering

Product offering

Core offering

AMODO operated a SaaS Connected Insurance Platform that enabled insurance companies to create and brokers to place personalized usage-based insurance (UBI) products. The platform supported telematics-based programs such as try-before-you-buy, pay-as-you-drive, and pay-per-mile, providing insurers strategic insights into customer profiles, segmentation, and profitable customer acquisition.

Product overview

Amodo is an award-winning European insurtech company that operated as a unified platform offering personalized usage-based insurance (UBI) solutions. The core product, the Amodo Connected Insurance Platform, enabled insurers to create and brokers to place personalized UBI products on the market. Amodo's platform provided strategic insights into customer profiles, segmentation capabilities, and profitable customer acquisition tools. Over nine years, Amodo launched close to 50 connected insurance projects worldwide with leading companies such as AIG, Porsche Versicherungs, Tower Insurance, and P&V. In March 2023, Amodo was acquired by Cambridge Mobile Telematics (CMT), with Amodo adopting the CMT name and its CEO becoming CMT's Managing Director of Europe.

Differentiator

Problem solved

Functional benefit

Products and services

  • Amodo Connected Insurance Platform SaaS telematics and usage-based insurance (UBI) platform that enables insurers to create and brokers to place personalized UBI products on the market. Supports programs including try-before-you-buy, pay-as-you-drive, and pay-per-mile, and provides strategic insights into customer profiles, segmentation, and profitable customer acquisition. Built for enterprise insurance companies and insurance brokers.

Quantifiable outcome

  • Launched close to 50 connected insurance projects worldwide with leading companies

Companies that use AMODO

Customer profile

Named customers4 records

Segments2 records

Ideal customer profiles2 records

AMODO technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature2 records

AMODO partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Cambridge Mobile Telematics (CMT)coreStrategic or Co-development Partner · 1 March 2023Cambridge Mobile Telematics acquired Amodo in March 2023 to accelerate global expansion and strengthen European presence. The acquisition brought together two telematics companies with large and growing footprints in Europe. Amodo's customers gained access to CMT's advanced telematics solutions for driver risk measurement, crash and claims services, and behavioral modification. Amodo's CEO Marijan Mumdziev became CMT's Managing Director of Europe. Amodo adopted the CMT name post-acquisition.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

AMODO competitors and assessment

Company assessment

Direct peers

  • Cambridge Mobile Telematics: World's largest telematics service provider and Amodo's acquirer; operates the DriveWell platform for UBI, crash detection, and driver behavior programs across 95+ deployments in 25 countries — the most direct comparable in smartphone-based telematics for insurers.
  • Octo Telematics: European-headquartered telematics and UBI provider serving insurers globally; competes head-to-head with Amodo/CMT in usage-based auto insurance platforms and crash/claims analytics.
  • The Floow: UK-based telematics and UBI platform provider focused on European auto insurers; offers smartphone telematics scoring and policyholder engagement tools comparable to Amodo's Connected Insurance Platform.
  • IMS (Intelligent Mechatronic Systems): Telematics and UBI solutions provider with strong ties to North American and global insurers; offers driver behavior scoring and usage-based insurance products in the same category as Amodo.
  • TrueMotion: Smartphone telematics platform for usage-based insurance, family safe driving, and fleet; competes directly with Amodo on mobile-first UBI scoring and driver behavior data.

Emerging players

  • Sentiance: AI-driven behavioral intelligence and telematics platform used by insurers and mobility players; overlaps with Amodo's risk-scoring and driver-behavior capabilities, particularly for European insurers.
  • Tractable: AI computer-vision platform for insurance claims and damage assessment; adjacent to Amodo's telematics-driven claims and behavioral modification offerings within the broader insurer-tech stack.

Broad incumbents

  • Arity: Allstate-owned telematics and mobility data platform serving major insurers and mobility companies; a larger, established UBI and driving-data player comparable to Amodo at greater scale.
  • LexisNexis Risk Solutions (Telematics): Major data and analytics provider whose telematics and driving-behavior solutions are used by insurers for UBI pricing and risk selection; competes with Amodo as part of a broader insurance data portfolio.
  • Verizon Connect: Fleet and vehicle telematics business within Verizon, encompassing driver behavior, UBI, and connected vehicle data; a broad incumbent with overlapping telematics offerings for insurers and fleets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

AMODO social profiles

Digital presence

AMODO financial estimates

Financial estimate

Revenue estimate

Valuation estimate

AMODO leadership team

Management profile

Number of profiles

AMODO funding detail

Funding detail

Funding overview

Funding rounds3 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

AMODO M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AMODO

What does AMODO do?

AMODO operated a SaaS Connected Insurance Platform that enabled insurance companies to create and brokers to place personalized usage-based insurance (UBI) products. The platform supported telematics-based programs such as try-before-you-buy, pay-as-you-drive, and pay-per-mile, providing insurers strategic insights into customer profiles, segmentation, and profitable customer acquisition.

Is AMODO a public or private company?

AMODO is a private company. It is classified as corporate owned and is currently acquired.

When was AMODO founded?

AMODO was founded in 2014. It employs 11 to 50 people.

Where is AMODO based?

AMODO is headquartered in Zagreb, Croatia, in the Europe region.

How does AMODO make money?

Two revenue lines are on record. Platform Licensing is the primary driver. The others are connected Insurance Projects.

Who are AMODO's main competitors?

Direct peers on record are Cambridge Mobile Telematics, Octo Telematics, The Floow, IMS (Intelligent Mechatronic Systems) and TrueMotion. Emerging players are Sentiance and Tractable. Broad incumbents are Arity, LexisNexis Risk Solutions (Telematics) and Verizon Connect.

Does AMODO have an API?

No public API is recorded for AMODO.

What industry is AMODO in?

AMODO's product category is Insurtech / Usage-Based Insurance Software. Its primary akta.pro industry code is FSAGAGAF, Telematics & Usage-Based Insurance (UBI) Platforms, with a secondary code of FSAJAAAB, Usage-Based / Telematics Personal Auto Insurance. Its NAICS code is 52429 and its SIC code is 7373.

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Live signals
The Business Research CompanyCommercial Telematics Market SizeThe commercial telematics market is projected to grow from $54.85 billion in 2024 to $131.81 billion in 2029, representing a compound annual growth rate of 20%, with North America as the largest region and Asia-Pacific as the fastest-growing. Key growth drivers include booming automotive sales and the expanding e-commerce industry, while trade tensions and tariffs on GPS chips and fleet tracking units from Europe and Asia are creating cost pressures for U.S. commercial vehicle operators. Notable market activities include Cambridge Mobile Telematics' acquisition of Croatia-based Amodo in March 2023 to expand its European presence.Business Wire BlogCambridge Mobile Telematics Acquires AmodoCambridge Mobile Telematics (CMT), the world's largest telematics service provider, announced the acquisition of Amodo, an award-winning European telematics company. The deal combines two telematics providers with significant European footprints, giving Amodo's customers access to CMT's advanced solutions while expanding CMT's European operations to over 100 employees across the region. CMT now powers over 95 active telematics programs in 25 countries and will integrate Amodo's CEO Marijan Mumdziev as Managing Director of Europe.CmtelematicsCambridge Mobile Telematics Acquires AmodoCambridge Mobile Telematics (CMT) has acquired Amodo, a European telematics provider, which will adopt the CMT name as part of CMT's strategy to expand its footprint in Europe. The acquisition adds Amodo’s market knowledge and team to CMT, bringing its total European staff to over 100 people and strengthening its position among leading insurers and automakers. This move supports CMT's growth in the European telematics market, which is forecasted to see significant expansion through 2025.FfnewsCambridge Mobile Telematics Acquires AmodoCambridge Mobile Telematics (CMT) has acquired Amodo, a European telematics company, which will now operate under the CMT brand to expand its global footprint. This acquisition strengthens CMT's presence in Europe by adding Amodo's market knowledge and doubling its regional team to over 100 employees. The move targets significant growth in the European telematics market, which is forecasted to grow over 21% annually through 2025.CoveragerCambridge Mobile Telematics acquires AmodoCambridge Mobile Telematics (CMT) has acquired Amodo, a European telematics company, which will adopt the CMT brand name. This acquisition strengthens CMT's European footprint by adding Amodo's market knowledge and relationships, expanding its team in the region to over 100 people. The move supports CMT's strategy to expand its global telematics programs beyond the United States.FinSMEsInsurtech Startup Amodo Raises $500K in FundingAmodo, a Zagreb-based insurtech startup, raised approximately $500k in funding from Austrian venture fund Speedinvest. The company, founded in 2013 and led by CEO Marijan Mumdziev, will use the capital for international expansion. It has previously received funding from SGH Capital and Bee Next Fund.