OneShield Software, a Marlborough, MA-based leading provider of core software solutions to property and casualty insurance companies, announced that it raised $50 million in a new round of growth investment.
The round was led by Pacific Lake Partners, with participation from existing investors, including Bain Capital Credit, Maven Equity Partners, WSC & Company, and Peterson Partners.
The new funding will accelerate investments in product innovation for both of OneShield’s core platforms, OneShield Enterprise and OneShield Market Solutions, to benefit both existing and new clients.
Company: OneShield Inc.
Raised: $50.0M
Round: Growth funding
Funding Month: January 2022
Lead Investors: Pacific Lake Partners
Additional Investors: Bain Capital Credit, Maven Equity Partners, WSC & Company, and Peterson Partners
Company Website: https://oneshield.com/
Software Category: Core software solutions
About the Company: Founded in 1999, OneShield offers SaaS and standalone cloud-based enterprise-class policy management, billing, claims, rating, business intelligence, and smart analytics software solutions for P&C insurers and MGAs of all sizes. OneShield provides solutions for P&C insurers and MGAs of all sizes. Deployed in the cloud, standalone, subscription, and As-a-Service products portfolio includes enterprise-class policy management, billing, claims, rating, product configuration, business intelligence, and smart analytics. OneShield automates and simplifies the complexities of core systems with targeted solutions, seamless upgrades, collaborative implementations, and lower total cost of ownership. With corporate headquarters in Marlborough, MA, and offices in India, OneShield has 70+ products in production across P&C and specialty insurance markets.
Source: https://oneshield.com/knowledge_hub/oneshield-software-receives-50m-follow-on-investment-to-accelerate-continued-growth/?utm_campaign=Investor%20Funding&utm_content=195798324&utm_medium=social&utm_source=linkedin&hss_channel=lcp-76550