New 125m Series 225m
Policygenius, a New York-based totally tech-enabled platform for insurance distribution, raised $125M in Series E investment.
The spherical, which introduced total investment to extra than $250m, turned into led by means of KKR, Norwest Venture Partners, and Revolution Ventures with participation from Brighthouse Financial, Global Atlantic Financial Group, iA Financial Group, Lincoln Financial, Pacific Life, AXA Venture Partners and MassMutual Ventures. As a part of the round, ORIX Corporation USA’s Growth Capital organization supplied a brand new credit score facility and Policygenius refinanced its existing senior loan facility with JPMorgan Chase.
The employer intends to use the funds to keep to make investments within the increase of its middle corporations of existence, incapacity, home, and auto coverage.
