LeakBot
LeakBot provides an IoT water-leak detection and repair system for property insurers, using patented Thermi-Q temperature-sensing to find hidden household leaks and dispatch plumbers, reducing water-damage claims. It serves insurers via B2B2C partnerships and homeowners directly.
- Company typePrivate
- Founded2016
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What LeakBot does
LeakBot is a UK-headquartered (London) IoT water-leak detection and repair business serving property and casualty insurers and, secondarily, homeowners. Founded in 2016, it operates as the core operating subsidiary of Ondo Insurtech Plc, a company publicly listed on the London Stock Exchange. Its purpose is to reduce "escape of water" claims for insurers by detecting hidden household leaks early and resolving them through an integrated repair service. The company reports serving 50,000+ protected homes and works with 15+ (up to ~23 per company history) insurance partners across the UK, USA, Denmark, and Sweden.
The product is a three-part system: (1) the LeakBot Device, which clips onto the main water pipe in a five-minute self-installation and uses patented Thermi-Q temperature-differential technology to detect micro-leaks as small as 5ml per minute anywhere in the home (including behind walls and under floors) by sensing temperature drops caused by cold water drawn through leaks; (2) the LeakBot App (iOS/Android) providing 24/7 monitoring, instant app/SMS/email alerts, and one-tap repair scheduling; and (3) an end-to-end Expert Repair Service delivered by employee plumbers at no cost to the homeowner. Supporting tooling includes a CustomerStatusJourney API for authorized insurance partners and an ROI Calculator for carrier evaluation. Technically the offering centers on anomaly detection over structured temperature/usage data rather than advanced ML.
The business model is primarily B2B2C: insurers pay for devices and repair services, which are distributed free to their policyholders as a claims-mitigation and retention tool, generating recurring, subscription-style revenue with billing described as annual. A secondary direct-to-consumer motion sells devices via the website and app stores to homeowners whose insurers do not participate, though the integrated free repair service is tied to insurer partnerships. LeakBot substantiates value with a Consumer Intelligence study spanning 43,000 households and 56,000 device-years across five countries, documenting up to 70% reduction in water-damage claims costs, 39% lower claim frequency, ~50-51% lower claim severity, 150-400% insurer ROI, and roughly one-month payback. Pricing is not publicly disclosed; no venture or PE funding rounds are recorded, consistent with its status as a subsidiary of a listed parent.
LeakBot firmographics
Firmographics- Name
- LeakBot
- Legal name
- LeakBot Ltd
- Website
- https://leakbot.io
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- LeakBot provides an IoT water-leak detection and repair system for property insurers, using patented Thermi-Q temperature-sensing to find hidden household leaks and dispatch plumbers, reducing water-damage claims. It serves insurers via B2B2C partnerships and homeowners directly.
- Ownership category
- akta.pro rank
LeakBot industry classification
Industry- Product category
- IoT Water Leak Detection
- NAICS
- Security Systems Services (except Locksmiths) (561621), Plumbing, Heating, and Air-Conditioning Contractors (23822)
- akta.pro primary industry
- Water Leak Detection & Smart Shutoff Valve Systems (HSAHAGAA)
- akta.pro secondary industries
- Home Safety & Water Management (Smoke/CO, Leak Detection, Shutoff Valves) (HSAPAQAH), Environmental Monitoring (Water Leak/Freeze/Gas) Services (HSAHAAAK), Water Management, Leak Detection & Smart Plumbing (HSAPAPAL), Commercial/Residential Building Water Management & Leak Analytics Services (HSAHAGAK), Environmental & Technical Alarm Monitoring (Temperature, Water Leak, Gas, Power) (BPAKAFAG)
Keywords
Where LeakBot is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices5 records
Markets served
LeakBot business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Operations, Supply Chain, Marketing or Sales, Personnel
Revenue model
- Insurance Partnership Model (B2B2C): LeakBot partners with insurance companies who pay to provide the device and repair services to their policyholders. This creates a three-party relationship where insurers pay for the service as a claims reduction tool, and homeowners receive free protection and repairs.
- Direct Device Sales: Homeowners who are not covered through insurance partnerships can purchase the LeakBot device directly. While the free repair service is tied to insurer partnerships, the device itself provides leak detection capabilities.
- Integrated Plumbing Services: Employee plumbers provide repair services when leaks are detected, with costs covered by insurance partners. This creates an integrated service revenue stream bundled with the detection device.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Insurance Partner Offering - Free for Homeowners |
| One time/ perpetual license | Pay-as-you-go | Direct Purchase for Non-Insured Homeowners |
| Subscription | Annual | Insurance Partner Program |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
LeakBot product offering
Product offeringCore offering
LeakBot provides an IoT-based smart water leak detection system using its patented Thermi-Q temperature differential technology that clips onto the main water pipe to detect micro-leaks as small as 5ml per minute. The company bundles this hardware with a mobile app for alerts, an end-to-end repair service delivered by employee plumbers, and a partner API, sold primarily through insurance carriers as a claims mitigation tool for their policyholders.
Product overview
LeakBot offers a unified smart water leak detection and repair system comprising three integrated components: (1) the LeakBot Device with patented Thermi-Q technology that clips onto the main water pipe and monitors for temperature anomalies indicating leaks 24/7, (2) the LeakBot App for iOS and Android that provides real-time monitoring, instant notifications, and one-tap repair scheduling, and (3) the LeakBot Expert Repair Service where employee plumbers fix detected leaks at no cost to homeowners (covered by participating insurance partners). The company also offers a CustomerStatusJourney API for authorized insurance partners and an ROI Calculator tool for insurance carrier evaluation.
Differentiator
Problem solved
Functional benefit
Products and services
- LeakBot Device
- LeakBot App
- LeakBot Expert Repair Service
- CustomerStatusJourney API
- ROI Calculator
Quantifiable outcome
- 70% water damage claims cost reduction in UK market
- +9 more outcomes
Companies that use LeakBot
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles3 records
LeakBot technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature4 records
LeakBot partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core and major.
- Consumer IntelligencecoreIndependent research partner that conducted rigorous quantitative study on LeakBot's impact on homeowners. The research covered 43,000 households across Europe and USA, making it the biggest IoT leak mitigation study to date. Fieldwork conducted March 30 - May 6, 2022.
- NationwidecoreNationwide offers LeakBot to their members to detect hidden leaks early and connect them with professionals to fix issues. The partnership has expanded to include distribution in 15 new states, with Nationwide's ambition being for all customers to benefit from this Predict and Prevent technology.
- PURE InsurancecorePURE Insurance expanded the LeakBot program as water damage is the most common and costly cause of loss for their membership. The partnership provides eligible members with a tool in the battle against water damage.
- Selective InsurancecoreSelective Insurance provides customized risk management solutions and partnered with LeakBot to help customers reduce the risk of water-related property damage.
- Indiana Farm Bureau / Peril ProtectcoreIndiana Farm Bureau partnered with LeakBot to offer technology for a proactive approach in protecting homes against water losses, with early detection being the difference between minor inconvenience and major loss.
- NFU MutualcoreNFU Mutual's partnership with LeakBot provides customers with an effective early-warning system for escape of water before it develops into a serious issue.
- LänsförsäkringarcoreLänsförsäkringar reported impressive results with customers who had LeakBots having 40% lower average claims costs than those without. Quote from Andreas Falsted, Head of Property Claims.
- The Hanover Insurance GroupmajorOne of the leading insurance carriers partnering with LeakBot to mitigate risk and enhance customer value. Featured on LeakBot's trusted partners section.
- MapfremajorLeading global insurance company partnering with LeakBot. Featured on LeakBot's trusted partners section.
- AdmiralmajorUK insurance carrier partnering with LeakBot. Featured on LeakBot's trusted partners section.
- TopdanmarkmajorDanish insurance company partnering with LeakBot. Featured on LeakBot's trusted partners section.
- Direct LinemajorUK insurance carrier partnering with LeakBot. Featured on LeakBot's trusted partners section.
- If...majorScandinavian insurance company (If P&C Insurance) partnering with LeakBot. Featured on LeakBot's trusted partners section.
- Alm BrandmajorDanish insurance company partnering with LeakBot. Featured on LeakBot's trusted partners section.
- Covea InsurancemajorUK insurance company partnering with LeakBot. Featured on LeakBot's trusted partners section.
- LB ForsikringmajorDanish insurance company partnering with LeakBot. Featured on LeakBot's trusted partners section.
- FL Stockholm (Folkestone Insurance)majorSwedish insurance company partnering with LeakBot. Featured on LeakBot's trusted partners section.
- HiscoxcoreHiscox is the first UK insurer to offer LeakBot free of charge to all of their building's insurance customers to protect against the damage hidden water leaks can cause.
Scale indicators14 records
Recent moves6 records
Expansion highlights5 records
LeakBot competitors and assessment
Company assessmentDirect peers
- Flo by Moen: Smart water monitoring and automatic shutoff device for residential plumbing. Closest direct competitor to LeakBot: serves homeowners and insurance partners with leak detection and shutoff, but uses a flow-meter-based architecture with auto-shutoff rather than LeakBot's temperature-differential approach.
- Phyn: Smart water monitoring device (owned by Uponor) that detects leaks and abnormal usage using high-definition pressure sensing. Comparable to LeakBot in targeting insurers and homeowners for water damage prevention, with auto-shutoff capability as a key differentiator.
- Flume: Smart water monitor that clips onto a home's water meter to detect leaks and track usage in real time. Comparable consumer IoT water-leak detection product competing for homeowner and utility relationships, though primarily direct-to-consumer rather than insurance-led distribution.
- Grohe Sense Guard: Grohe's smart water security system detects pipe bursts and leaks and automatically shuts off water. Directly comparable to LeakBot's residential water-leak use case with a European market overlap and stronger shutoff feature set.
- StreamLabs: Smart home water monitor acquired by Reliance Worldwide Corporation that uses ultrasonic flow sensing to detect leaks and water usage anomalies. Competes with LeakBot in residential leak detection and integrates with insurance and utility programs.
Emerging players
- Notion: Multi-function smart home sensor system (water leak, temperature, smoke, doors) sold primarily through insurance partnerships. Comparable to LeakBot in the insurance-led distribution model and water leak focus, but with a broader sensor set and less depth in water-specific repair services.
- Wally (WallyHome): Residential water leak and humidity sensor that monitors for leaks behind walls and under sinks. Comparable to LeakBot in the water-leak detection use case for homeowners, though typically sold direct to consumer rather than through insurance partnerships.
- Kangaroo: Affordable home security and environmental monitoring devices (water leak, temperature, motion) sold direct to consumer and through insurance. Comparable to LeakBot in water leak detection and the insurance-channel GTM, though with a lower-cost hardware-led model and no integrated repair service.
Broad incumbents
- Alarm.com: Smart home and security platform used by dealers and service providers that includes water leak detection sensors and flood prevention integrations. Comparable to LeakBot in the environmental monitoring space but as part of a full smart-home security stack rather than a water-focused specialist.
- Resideo: Honeywell Home's parent company offers a portfolio of water leak detectors, shutoff valves, and connected home products. A broad incumbent in the smart water-leak detection space with extensive retail and professional installer channels, comparable to LeakBot's product category though with a much wider product portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
LeakBot social profiles
Digital presenceLeakBot financial estimates
Financial estimateRevenue estimate
Valuation estimate
LeakBot leadership team
Management profileNumber of profiles
Profiles1 record
LeakBot funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LeakBot M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about LeakBot
What does LeakBot do?
LeakBot provides an IoT-based smart water leak detection system using its patented Thermi-Q temperature differential technology that clips onto the main water pipe to detect micro-leaks as small as 5ml per minute. The company bundles this hardware with a mobile app for alerts, an end-to-end repair service delivered by employee plumbers, and a partner API, sold primarily through insurance carriers as a claims mitigation tool for their policyholders.
Is LeakBot a public or private company?
LeakBot is a private company. It is classified as corporate owned and is currently operating.
When was LeakBot founded?
LeakBot was founded in 2016. It employs 11 to 50 people.
Where is LeakBot based?
LeakBot is headquartered in London, United Kingdom, in the Europe region.
How does LeakBot make money?
Three revenue lines are on record. Insurance Partnership Model (B2B2C) is the primary driver. The others are direct Device Sales and integrated Plumbing Services.
Who are LeakBot's main competitors?
Direct peers on record are Flo by Moen, Phyn, Flume, Grohe Sense Guard and StreamLabs. Emerging players are Notion, Wally (WallyHome) and Kangaroo. Broad incumbents are Alarm.com and Resideo.
Does LeakBot have an API?
Yes. LeakBot offers a CustomerStatusJourney API that enables authorized partners to access relevant customer journey data. This information is limited to what is necessary for service delivery and is accessible only to users with appropriate roles and permissions. Access is governed by tenant and tenant group rules. The data processing is based on Contractual Necessity.
What industry is LeakBot in?
LeakBot's product category is IoT Water Leak Detection. Its primary akta.pro industry code is HSAHAGAA, Water Leak Detection & Smart Shutoff Valve Systems, with a secondary code of HSAPAQAH, Home Safety & Water Management (Smoke/CO, Leak Detection, Shutoff Valves). Its NAICS code is 561621.