Ondo InsurTech is a UK-based company that provides claims prevention technology for home insurers. Ondo's main product is LeakBot, a patented, self-install, internet of things device that monitors homes for water leaks and bursts. LeakBot sends alerts to customers' smartphones and connects them with expert plumbers to fix the problem.
LeakBot partners with insurance carriers in the US and Europe, including Admiral, Direct Line Group, Hiscox, Mapfre, and TopDanmark.
Ondo was the first InsurTech company to IPO in London in March 2022.
Ondo's goal is to become the world's leading provider of claims prevention technology for home insurers. They aim to be a cost-effective solution for managing water risk in North America and Western Europe.
Ondo share price launched at 12p in 2021.