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Announced

Completed

Insight Partners led a $20m Series A round in DigitalOwl.

Financials

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Transaction Value£14m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Completed

Acquisition

Friendly

United States

it solutions

Domestic

natural language processing

Digital Services

Minority

Private

Venture Capital

Single Bidder

Synopsis

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Insight Partners, an American venture capital and private equity firm based in New York City, led a $20m Series A round in DigitalOwl, a provider of natural-language-processing solutions, with participation from Ibex and Fusion VC. "Medical record reading and analysis for insurance and legal industries has long needed to be modernized. The need only grew through Covid-19, as it became nearly impossible for insurers and law firms to hire nurses, doctors, or other claims analysts to manually read medical records. DigitalOwl’s impressive founding team has addressed this need with cutting edge technology that uses AI to digitize an antiquated industry. We look forward to partnering with DigitalOwl as they continue to grow," Ryan Hinkle, Insight Partners Managing Director.

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