Announced
Completed
Financials
Tags
Acquisition
France
Cross Border
Venture Capital
Private
Private Equity
Friendly
insurance technology
Minority
Completed
Insurance Brokers
Synopsis
Highland Europe, a private equity firm, led a $120m Series B round in Descartes Underwriting, an insur-tech firm, with participation from Eurazeo, BlackFin Capital Partners, Serena, Cathay Innovation, Seaya Ventures and Mundi Ventures. "Our aim is to be the global leader in delivering truly revolutionary solutions to brokers, corporations and public entities for these evolving exposures. With the support of our partners, we will continue to develop and deploy a new generation of insurance products that are entirely tech-driven, simpler, more transparent and quicker to pay in the event of a loss – adapted for the new risks corporations and governments increasingly face," Tanguy Touffut, Descartes Underwriting Co-Founder and CEO.
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