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New Deal


Announced

Completed

Weatherford Capital led a $147m Series C round in Branch.

Financials

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Transaction Value£117m
Consideration TypeCash
Capital Owned-
Capital Bid For14%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Minority

United States

Single Bidder

Full Line Insurance

Private Equity

Domestic

Acquisition

Private

Venture Capital

insurance company

Friendly

Synopsis

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Weatherford Capital, a family-owned growth equity firm, led a $147m Series C round in Branch, a full-stack insurance company, with participation from Acrew, AmFam Ventures, Anthemis, Gaingels, Greycroft, HSCM Ventures, Narya, SignalFire, and Tower IV. "Consumers are frustrated by escalating insurance costs resulting from antiquated business models and complex processes. We believe that by reintroducing the power of community through data and technology, we can lower the cost of insurance while restoring it to its original intent: a force for communal good," Steve Lekas, Branch CEO.

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