Top 10 Insurance/InsurTech Capital Raises in the U.S. – November 1st-15th, 2024
Several interesting transactions closed in the Insurance/InsurTech sector over the past 2 weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
Later Stage VC
-
- ARTDAI, operator of a financial technology platform intended to build institutions and collectors to manage art as an alternative financial asset, raised $7.17 million in venture funding.
- Clearcover, developer of an online car insurance platform designed to offer the right coverage and improve automobile insurance, raised $99 million in venture funding from American Family Ventures and Eldridge Industries.
Early Stage VC
-
- Protecdiv, provider of insurance and reinsurance brokerage services intended to address complex risk management needs for large enterprises, raised $2.82 million in venture funding.
- Unified Growth Partners, operator of a technology distribution management platform intended to transform the healthcare industry by streamlining processes and customer experience, raised a venture funding from HLM Venture Partners.
#castleplacement #capitalraising #privateequity #venturecapital #investment# Insurance #InsurTech
Axel Reijmers
Managing Director
Former Head of Corporate Finance M&A Americas for the Royal Bank of Scotland and ABN AMRO Bank, based in New York. Began his career at ABN AMRO Bank in Japan, and subsequently in The Netherlands in the Corporate Finance department. Was seconded to New York in 2006 to co-establish the ABN AMRO North America Corporate Finance M&A department and grew it by advising medium and large companies on domestic and cross-border mergers, acquisitions, capital raisings and capital structurings. Led the management buyout of RBS Bank Mexico and RBS Broker-Dealer Mexico in 2014 and spearheaded the subsequent growth of the bank as Head of Investment Banking & Corporate Development. During his tenure he supported companies with capital and financing solutions with a focus on companies in the US and Mexican energy infrastructure sector and fintech sector. Holds a master’s degree in economics from Groningen University, The Netherlands. Holds FINRA Series 7 and 63 licenses.
- Email: areijmers@castleplacement.com
- (C) (201) 747-4718
Please contact me if you have any questions or would like to discuss your capital raise:
Email: areijmers@castleplacement.com
(C) (201) 747-4718
Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
Merger/Acquisition and Corporate
-
- Surefyre, developer of a policy management platform designed to automate insurance process tasks, was acquired by Vertafore, a subsidiary of Roper Technologies. The funds will be used to accelerate MGA growth and innovation.
- Athenium Analytics, developer of an insurance technology designed to help find new opportunities for growth, efficiency, and continuous improvement, was acquired by Hale Capital Partners through an LBO.
- First Connect Insurance Services, operator of a digital platform intended to promote independent agents to take full advantage of a new way of doing business, was acquired by Centana Growth Partners, PruVen Capital, Cota Capital and Cross Creek Advisors through an estimated $60 million LBO.
- Insurance Subrogation Group, provider of comprehensive subrogation and recovery services intended to handle the subrogation needs of the clients, was acquired by Cadex Solutions, via its financial sponsor Trivest Partners, through an LBO.
- iOpt, developer of insurance platform designed to protect assets, was acquired by Trustmark Companies.
Later Stage VC
-
- ARTDAI, operator of a financial technology platform intended to build institutions and collectors to manage art as an alternative financial asset, raised $7.17 million in venture funding.
- Clearcover, developer of an online car insurance platform designed to offer the right coverage and improve automobile insurance, raised $99 million in venture funding from American Family Ventures and Eldridge Industries.
Early Stage VC
-
- Protecdiv, provider of insurance and reinsurance brokerage services intended to address complex risk management needs for large enterprises, raised $2.82 million in venture funding.
- Unified Growth Partners, operator of a technology distribution management platform intended to transform the healthcare industry by streamlining processes and customer experience, raised a venture funding from HLM Venture Partners.
#castleplacement #capitalraising #privateequity #venturecapital #investment# Insurance #InsurTech
[/vc_column_text][/vc_column][/vc_row] Former Head of Corporate Finance M&A Americas for the Royal Bank of Scotland and ABN AMRO Bank, based in New York. Began his career at ABN AMRO Bank in Japan, and subsequently in The Netherlands in the Corporate Finance department. Was seconded to New York in 2006 to co-establish the ABN AMRO North America Corporate Finance M&A department and grew it by advising medium and large companies on domestic and cross-border mergers, acquisitions, capital raisings and capital structurings. Led the management buyout of RBS Bank Mexico and RBS Broker-Dealer Mexico in 2014 and spearheaded the subsequent growth of the bank as Head of Investment Banking & Corporate Development. During his tenure he supported companies with capital and financing solutions with a focus on companies in the US and Mexican energy infrastructure sector and fintech sector. Holds a master’s degree in economics from Groningen University, The Netherlands. Holds FINRA Series 7 and 63 licenses.
Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
Axel Reijmers
Managing Director
Please contact me if you have any questions or would like to discuss your capital raise:
Email: areijmers@castleplacement.com
(C) (201) 747-4718
PE Growth/Expansion
-
- Finys, developer of a modern enterprise platform designed to serve property and casualty insurance companies, received a development capital from Serent Capital.
Merger/Acquisition and Corporate
-
- Surefyre, developer of a policy management platform designed to automate insurance process tasks, was acquired by Vertafore, a subsidiary of Roper Technologies. The funds will be used to accelerate MGA growth and innovation.
- Athenium Analytics, developer of an insurance technology designed to help find new opportunities for growth, efficiency, and continuous improvement, was acquired by Hale Capital Partners through an LBO.
- First Connect Insurance Services, operator of a digital platform intended to promote independent agents to take full advantage of a new way of doing business, was acquired by Centana Growth Partners, PruVen Capital, Cota Capital and Cross Creek Advisors through an estimated $60 million LBO.
- Insurance Subrogation Group, provider of comprehensive subrogation and recovery services intended to handle the subrogation needs of the clients, was acquired by Cadex Solutions, via its financial sponsor Trivest Partners, through an LBO.
- iOpt, developer of insurance platform designed to protect assets, was acquired by Trustmark Companies.
Later Stage VC
-
- ARTDAI, operator of a financial technology platform intended to build institutions and collectors to manage art as an alternative financial asset, raised $7.17 million in venture funding.
- Clearcover, developer of an online car insurance platform designed to offer the right coverage and improve automobile insurance, raised $99 million in venture funding from American Family Ventures and Eldridge Industries.
Early Stage VC
-
- Protecdiv, provider of insurance and reinsurance brokerage services intended to address complex risk management needs for large enterprises, raised $2.82 million in venture funding.
- Unified Growth Partners, operator of a technology distribution management platform intended to transform the healthcare industry by streamlining processes and customer experience, raised a venture funding from HLM Venture Partners.
#castleplacement #capitalraising #privateequity #venturecapital #investment# Insurance #InsurTech
[/vc_column_text][/vc_column][/vc_row] Former Head of Corporate Finance M&A Americas for the Royal Bank of Scotland and ABN AMRO Bank, based in New York. Began his career at ABN AMRO Bank in Japan, and subsequently in The Netherlands in the Corporate Finance department. Was seconded to New York in 2006 to co-establish the ABN AMRO North America Corporate Finance M&A department and grew it by advising medium and large companies on domestic and cross-border mergers, acquisitions, capital raisings and capital structurings. Led the management buyout of RBS Bank Mexico and RBS Broker-Dealer Mexico in 2014 and spearheaded the subsequent growth of the bank as Head of Investment Banking & Corporate Development. During his tenure he supported companies with capital and financing solutions with a focus on companies in the US and Mexican energy infrastructure sector and fintech sector. Holds a master’s degree in economics from Groningen University, The Netherlands. Holds FINRA Series 7 and 63 licenses.
Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
Axel Reijmers
Managing Director
Please contact me if you have any questions or would like to discuss your capital raise:
Email: areijmers@castleplacement.com
(C) (201) 747-4718











