Loading organizations...
§ Private Profile · Toronto, Canada
Maple is a technology company.
Maple has raised $101.0M across 5 funding rounds.
Key people at Maple.
Maple has raised $101.0M in total across 5 funding rounds.
Maple is a virtual healthcare provider that connects Canadians with licensed doctors and nurse practitioners online, offering 24/7 access to medical care, prescriptions, and consultations.
Maple has raised $101.0M across 5 funding rounds. Most recently, it raised $57.0M Series B in September 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 15, 2020 | $57M Series B | Jeff Leger | — | Announced |
| Sep 1, 2019 | $11M Series A | Acton Capital Partners | Shirlee Sharkey Icd.d | Announced |
| Mar 9, 2018 | $4M Series A Plus | — | Jeff Fettes, MARS | Announced |
| Mar 1, 2015 | $25M Series A | Greenoaks Capital | Andreessen Horowitz, Btomorrow Ventures, Founders' Co OP, Index Ventures, LAUNCH, NEO, RED Swan Ventures, Henry Kravis, Andy Dunn, David Chang, Primary Ventures, Thrive Capital | Announced |
| Nov 1, 2014 | $4M Seed | Inspired Capital, Thrive Capital | Harley Finkelstein, BoxGroup, David Chang, KAL Vepuri, 14W, Matt Salzberg, Bessemer Venture Partners, Momofuku, Caleb Merkl | Announced |
Maple has raised $101.0M in total across 5 funding rounds.
Maple's investors include Jeff Leger, Acton Capital Partners, Shirlee Sharkey ICD.D, Jeff Fettes, MaRS, Greenoaks Capital, Andreessen Horowitz, Btomorrow Ventures, Founders' Co-op, Index Ventures, LAUNCH, NEO.
Key people at Maple.
Maple Technologies, LLC (Maple Tech) is a software company specializing in cloud-based core administration technology for the property and casualty (P&C) insurance sector.[1][2][4] It develops Aspire, a configurable suite handling policy administration, billing, claims, underwriting, premium accounting, document management, workflow, business reporting, financial reporting, and compliance, serving carriers, reciprocals, risk retention groups (RRGs), captives, self-insured entities, and managing general agencies (MGAs) across personal, commercial, workers’ compensation, and specialty lines.[1][2][4] With around 8-10 employees and estimated revenue of $580K-$6M, Maple Tech enables insurers to adapt quickly to market shifts, regulations, and client needs through flexible, API-integrated delivery models that ensure on-time, on-budget projects.[1][2][4]
Founded in 2001 and based in New Jersey, the company combines insurance domain expertise with modern tech to streamline operations, cut costs, and boost profitability for mid-sized P&C players underserved by legacy systems.[4]
Maple Tech was founded in 2001 in New Jersey with a clear mission: to automate personal and commercial P&C insurance policy administration effectively and efficiently.[1][4][5] Co-founders Matthew Blackley (President, CEO, and chief architect of Aspire) and Don Honeycutt (CTO and original architect) drove the initial development, focusing on creating a transformational solution amid growing demands for flexible insurance tech.[2][4] Blackley sets strategic direction and ensures Aspire evolves with functional and regulatory needs, while Honeycutt oversees tech architecture, cloud operations, FinOps, security, compliance, and advanced features like rating and analytics.[4]
Early traction came from addressing pain points in rigid legacy systems, positioning Aspire as a leader in front-end configurability.[1][2][4] The company has since grown modestly, with current leadership including Nicholas Teetelli (CEO) alongside Blackley, though employee count dipped 11% recently to about 8.[2]
Maple Tech stands out in the insurtech space through these key strengths:
These features make Aspire ideal for nimble insurers avoiding bloated enterprise solutions.
Maple Tech rides the insurtech modernization wave, where P&C insurers shift from outdated on-premise systems to cloud-native platforms amid rising regulatory pressures, cyber risks, and personalized policies.[1][4] Timing is ideal as market forces like climate-driven specialty lines and self-insurance growth demand agile tools—Aspire's modularity helps mid-market players compete without massive overhauls.[2][4]
By enabling cost reductions and efficiency for underserved segments (e.g., RRGs, MGAs), Maple Tech influences the ecosystem indirectly, fostering innovation in workers’ comp and commercial lines while integrating with broader data ecosystems.[1][4] Note: A separate Indian IT firm (maple-technologies.com) and HRIS player (maple.com) share the name but operate in unrelated domains.[3][7]
Maple Tech's niche dominance in configurable P&C core systems positions it for steady growth as insurers prioritize cloud migration and AI-enhanced compliance.[4] Next steps likely include expanding Aspire's analytics, AI-driven underwriting, and partnerships for embedded insurance amid rising demand from self-insureds and specialty markets.[1][2]
Shaping trends—regulatory flux, cyber/underwriting tech, and M&A in insurtech—could amplify its role, potentially via acquisition by larger players or scaling to 20+ employees.[2] As a proven 25-year survivor, Maple Tech exemplifies resilient B2B SaaS, delivering quiet impact where legacy systems falter—much like its Aspire suite quietly powers adaptable insurance operations.[4]
