Acrisure, a Grand Rapids, MI-based fintech that operates a global insurance broker, closed a $725 million Series B-2 Preferred Equity funding round.
A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) led the round, with participation from the Abu Dhabi Investment Authority on behalf of certain clients Abu Dhabi Investment Authority.
Acrisure intends to use the funds to continue pursuing value-accretive acquisitions, grow its tech-enabled solutions, increase marketing and brand awareness, and invest in human and technological infrastructure to support global expansion.
Company: Acrisure, LLC.
Raised: $725.0M
Round: Series B-2
Funding Month: May 2022
Lead Investors: Abu Dhabi Investment Authority Abu Dhabi Investment Authority
Additional Investors: Abu Dhabi Investment Authority
Company Website: https://www.acrisure.com/
Software Category: AI Financial Services
About the Company: Founded in 2005 Acrisure is a Fintech leader that operates the world’s fastest-growing, top-10 insurance brokerage. The Company is headquartered in Grand Rapids, Michigan, and employs over 12,000 entrepreneurial colleagues driving innovation across financial services. Under the leadership of co-founder, CEO, and President Greg Williams, Acrisure has grown from $38 million to more than $3.5 billion in revenue in just over eight years. Powered by “the best of Human and Artificial Intelligence” and a Limitless culture, Acrisure offers diverse financial solutions to its millions of clients. Solutions include insurance, reinsurance, real estate services, cyber services, and asset management.
Source: https://www.finsmes.com/2022/05/acrisure-closes-725m-equity-funding-valued-at-23-billion.html