Insurance Supermarket International Inc. Closes US$100 Million Equity Investment From Gallatin Point Capital to Accelerate Global Growth
Represents the largest ever growth equity investment of a Canadian-founded Insurtech TORONTO , July 18, 2022 |CNW| - Insurance Supermarket International Inc. ("ISI" or the "Company") , one of the largest and fastest growing digital life insurance companies in Canada operating under Insurance Supermarket and Specialty Life Insurance brands, today announced it has closed a US$100 million minority investment from funds managed by Gallatin Point Capital LLC ("GPC" or "Gallatin Point"). GPC will appoint its Co-Founder and Managing Partner, Matt Botein , to ISI''s Board of Directors. This transaction represents ISI''s first institutional equity round since launching its digital distribution and administration platform in 2015. The proceeds will be used to accelerate … Full story available on Benzinga.com
Insurance Supermarket International Inc. Closes US$100 Million Equity Investment From Gallatin Point Capital to Accelerate Global Growth
Represents the largest ever growth equity investment of a Canadian-founded Insurtech TORONTO , July 18, 2022 |CNW| - Insurance Supermarket International Inc. ("ISI" or the "Company") , one of the largest and fastest growing digital life insurance companies in Canada operating under Insurance Supermarket and Specialty Life Insurance brands, today announced it has closed a US$100 million minority investment from funds managed by Gallatin Point Capital LLC ("GPC" or "Gallatin Point"). GPC will appoint its Co-Founder and Managing Partner, Matt Botein , to ISI''s Board of Directors. This transaction represents ISI''s first institutional equity round since launching its digital distribution and administration platform in 2015. The proceeds will be used to accelerate … Full story available on Benzinga.com