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Announced

Completed

Insight Partners led a $75m funding round in Earnix.

Financials

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Transaction Value£53m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Completed

Venture Capital

Israel

Acquisition

Cross Border

insurance software

Private

Friendly

Software

Private Equity

Single Bidder

analytics solutions

Synopsis

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Insight Partners led a $75m funding round in Earnix, which provides advanced insurance software, banking analytics and customer analytics software, with participation from JVP, Vintage Partners and Israel Growth Partners. "Earnix offers a differentiated, true SaaS product in a market riddled with custom development and services. Customers across Insurance and Banking have a strong mandate to adopt new technologies and related processes so as to remain competitive. Earnix is uniquely positioned to capture this demand to the benefit of their customers and the end consumers. Earnix represents one of the most important core systems an insurer or bank will procure in the coming years. With our unparalleled ScaleUp resources, we look forward to partnering with the company to meet its growth plans in the coming years," Jonathan Rosenbaum, Insight Partners Principal.

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