Announced
Completed
Financials
Sources
Tags
Completed
Minority
United States
Single Bidder
Full Line Insurance
Private Equity
Domestic
Acquisition
Private
Venture Capital
insurance company
Friendly
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.