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FT Partners Advises Insureon on its $31mm Equity Capital Raise

Overview of Transaction

  • On October 21, 2015, Insureon ("Insureon" or the "Company") announced a $31mm Series B minority investment round
  • Investment round led by Oak HC/FT ("Oak")
  • Existing investor Accretive LLC ("Accretive") also participated
  • Insureon is the leading insurance online marketplace for small and micro businesses
  • Serves retail clients directly and also supports banks, brokerages and insurance companies through a wholesale offering
  • Coverage provided for 175,000+ small businesses
  • Oak HC/FT is a $500mm venture capital fund focused on investing in healthcare and financial services technology companies
  • Accretive is a leading private investment firm specializing in the creation of disruptive technology companies

Significance of Transaction

  • Creates opportunity for Insureon to accelerate its growth in the small business insurance sector
  • Enables Insureon to increase its investment in technology development, and enhance its sales and marketing capabilities

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Insureon and its Board of Directors
  • Follows FT Partners' role advising Insureon on its 2014 acquisition of Insurance Noodle from Willis
  • Transaction demonstrates FT Partners' continued success advising top-tier companies and achieving outstanding results within the Insurance IT and Services sector