Funding round
Armour Group Growth
Reported as "Growth Equity"
Armour Group, which works in insurance and reinsurance structuring services in Hamilton, raised $500M in a Growth round announced on 3 Jan 2018, led by Aquiline Capital Partners. 2 firms took part.
$500M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Armour Group did not disclose a valuation in this round. It is Armour Group's first venture round on record, 11 years after it was founded in 2007. No later venture round is on record for Armour Group.
Armour Group's funding rounds
This is the only venture round on record for Armour Group.
- Growth this round 3 Jan 2018, led by Aquiline Capital Partners $500M
Investors
Who put money in
Aquiline Capital Partners led the round with 1 other firm.
Lead investor
- backs 28 venture-backed companies new investor
Also in the round
- Validus Reinsurance new investor
Comparable rounds
How it compares
5 Growth rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $45M, and this round was 11 times the median. The closest in time, other companies' Growth rounds in Insurance - Agents, Carriers & Brokers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 26 Apr 2018 | $45M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 5 Apr 2018 | $37M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 1 Jun 2018 | $105M | not disclosed | Warburg Pincus |
| Insurance - Agents, Carriers & Brokers | 20 Nov 2018 | $7.5M | not disclosed | 4490 Ventures |
| Insurance - Agents, Carriers & Brokers | 11 Dec 2018 | $2.00B | $7.00B | Blackstone |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Armour Group raise in its Growth round?
Armour Group raised $500M in its Growth round, announced in Jan 2018.
Who led Armour Group's Growth round?
Aquiline Capital Partners led it, with Validus Reinsurance.
What was Armour Group's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Insurance - Agents, Carriers & Brokers?
5 Growth rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $45M, and this round was 11 times the median.