# Ondo InsurTech

> Sustainable Risk Reduction

## At a glance

| Field | Value |
| --- | --- |
| Category | IoT & Connected Insurance |
| Type | Solutions Provider |
| Region | EMEA |
| Headquarters | London, United Kingdom |
| Founded | 2016 |
| Stage | Growth |
| Employees | 11-50 |
| Funding | Public (LSE: ONDO) |

## Overview

Ondo InsurTech is a world-leading provider of IoT-based claims prevention technology for home insurers. The company's core product, LeakBot, is a patented self-install sensor that clips onto a pipe near the home's main water supply, connects to the home WiFi network, and monitors for water leaks using proprietary Thermi-Q technology. When a leak is detected, it notifies the homeowner via a mobile app and provides access to expert engineers for a "find and fix" repair service.

Founded in 2016 as LeakBot within HomeServe Labs by Craig Foster, the company went public on the London Stock Exchange in March 2022 via a SPAC reverse merger — becoming the first InsurTech to IPO in London. Ondo partners with 25+ insurance carriers across the UK, Scandinavia, the USA, and Australia/New Zealand. Water damage is the single biggest cause of home insurance claims, accounting for $17 billion in claims annually in the USA and UK combined.

The company has demonstrated strong growth, with 44% revenue growth in FY2025 (year ended March 2025) and 400% year-over-year growth in the US market. Independent research by Consumer Intelligence found LeakBot can reduce the cost of water damage claims by up to 70%.

## Products & services

### LeakBot Sensor

Patented IoT device with Thermi-Q technology that monitors water flow and temperature to detect even micro-leaks.

**Key features:**

- Self\-install with 80%\+ installation rate
- Micro\-leak detection
- WiFi connected real\-time monitoring
- Patented Thermi\-Q technology
- All\-weather variant for different plumbing systems

*Target users:* Homeowners \(deployed by insurance carriers\)

### LeakBot Mobile App

Smartphone application for homeowner notifications and leak management.

**Key features:**

- Real\-time leak alerts
- Guided remediation steps
- Find and fix repair service access
- Device health monitoring

*Target users:* Homeowners

### Insurer Integration Platform

B2B platform enabling carriers to integrate LeakBot into smart home programs.

**Key features:**

- Carrier program management
- Customer deployment tracking
- Claims impact analytics
- Multi\-state regulatory support
- White\-label integration options

*Target users:* Insurance carrier innovation teams, claims departments

## Category & focus

- Subcategories: Claims Prevention, Smart Home, Water Damage Detection
- Insurance verticals: P&C Personal
- Target customers: Carriers

## Notable customers

- Nationwide \(Fortune 100; deployed across 26 US states\)
- Liberty Mutual \(pilot in 4 states\)
- Hiscox \(integrated across entire UK customer base\)
- Admiral \(UK\)
- Direct Line Group \(UK\)
- NFU Mutual \(17,000 units\)
- Indiana Farm Bureau Insurance \(10,000\+ homes\)
- Mutual of Enumclaw \(10,000 systems\)
- Westfield Insurance \(10,000 devices\)
- PURE Insurance \(7\+ states\)
- Selective Insurance
- SageSure
- Mapfre
- TopDanmark \(Denmark\)
- LB Forsikring \(Denmark; 17,500 devices\)
- Lansforsakringar \(Sweden; 5\-year deal\)
- Covea Insurance \(UK\)

## Links

- Website: <https://www.ondoplc.com>
- Directory profile: <https://insurtechlist.com/companies/ondo-insurtech/>
- Twitter: <https://twitter.com/leakbot_hq>
- Linkedin: <https://www.linkedin.com/company/ondoplc>
- Product website: <https://leakbot.io>

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*Last updated: 2026\-03\-25*