Funding round
Ki Insurance Growth
Reported as "Growth Equity"
Ki Insurance, which works in algorithmically powered insurance underwriting in London, raised $500M in a Growth round announced on 17 Sep 2020, led by Blackstone. 2 firms took part.
$500M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Ki Insurance did not disclose a valuation in this round. It is Ki Insurance's first venture round on record, in the year it was founded (2020). No later venture round is on record for Ki Insurance.
Ki Insurance's funding rounds
This is the only venture round on record for Ki Insurance.
- Growth this round 17 Sep 2020, led by Blackstone $500M
Investors
Who put money in
Blackstone led the round with 1 other firm.
Lead investor
- Blackstone backs 83 venture-backed companies new investor
Also in the round
- new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
18 Growth rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $100M, and this round was 5.0 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 | 30 Sep 2020 | $1.50B | $5.00B | Hg |
| Insurance - Agents, Carriers & Brokers | 30 Sep 2020 | $1.50B | $5.00B | not named |
| Insurance - Agents, Carriers & Brokers | 23 Oct 2020 | $100M | $500M | Founders Fund and Meritech Capital |
| Insurance - Agents, Carriers & Brokers | 23 Nov 2020 | $800M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 1 Nov 2020 | $500M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 22 Jul 2020 | undisclosed | not disclosed | Parthenon Capital |
| Insurance - Agents, Carriers & Brokers | 15 Dec 2020 | undisclosed | not disclosed | TA Associates |
| Insurance - Agents, Carriers & Brokers | 26 Jan 2021 | $273M | not disclosed | Pollen Street Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Ki Insurance raise in its Growth round?
Ki Insurance raised $500M in its Growth round, announced in Sep 2020.
Who led Ki Insurance's Growth round?
Blackstone led it, with Fairfax Partners.
What was Ki Insurance's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Insurance - Agents, Carriers & Brokers?
18 Growth rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $100M, and this round was 5.0 times the median.