Policygenius, a New York-based totally tech-enabled platform for insurance distribution, raised $125M in Series E investment.
The spherical, which added total funding to more than $250m, changed into led by way of KKR, Norwest Venture Partners, and Revolution Ventures with participation from Brighthouse Financial, Global Atlantic . As part of the round, ORIX Corporation USA’s Growth Capital organization furnished a new credit facility and Policygenius refinanced its existing senior mortgage facility with JPMorgan Chase.
The company intends to use the budget to hold to make investments in the growth of its middle agencies of life, disability, home, and vehicle insurance.
Co-founded via Jennifer Fitzgerald and Francois de Lame, Policygenius provides a platform in which customers can compare options from pinnacle coverage carriers, get impartial expert recommendation, buy guidelines, and control their coverage portfolio, in one incorporated revel in.
Since its founding in 2014, the organization has constructed integrations with coverage vendors and evolved proprietary technology for quoting, underwriting, and achievement. Earlier this yr, Policygenius launched its Policygenius Pro providing, which brings its life coverage platform — such as software, expansive service shelf, and operations — to B2B distribution companions.
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