Funding round
Martello Re Growth
Reported as "Growth Equity"
Martello Re, which works in life and annuity reinsurance solutions in Hamilton, raised $1.65B in a Growth round announced on 12 Jan 2022. 4 firms took part.
$1.65B
Amount raised
Not disclosed
Post-money valuation
4
Investors
no lead named
Valuation
What this round says about the price
Martello Re did not disclose a valuation in this round. It is Martello Re's first venture round on record, in the year it was founded (2022). No later venture round is on record for Martello Re.
Martello Re's funding rounds
This is the only venture round on record for Martello Re.
- Growth this round 12 Jan 2022 $1.65B
Investors
Who put money in
4 firms took part; no lead investor was named.
Investors
- backs 79 venture-backed companies
- backs 11 venture-backed companies
- backs 3 venture-backed companies
- backs 14 venture-backed companies
Comparable rounds
How it compares
22 Growth rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $98M, and this round was 17 times the median. The closest in time, other companies' Growth rounds in Insurance - Agents, Carriers & Brokers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Integrity Insurance - Agents, Carriers & Brokers | 9 Dec 2021 | $1.20B | not disclosed | Silver Lake |
| Insurance - Agents, Carriers & Brokers | 16 Dec 2021 | $25M | not disclosed | Town Hall Ventures and Leavitt Equity Partners |
| Insurance - Agents, Carriers & Brokers | 1 Oct 2021 | $200M | not disclosed | BMO Capital Markets |
| Insurance - Agents, Carriers & Brokers | 20 Oct 2021 | $100M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 16 Sep 2021 | $75M | not disclosed | Sequentis Financial |
| Insurance - Agents, Carriers & Brokers | 22 Sep 2021 | $51M | not disclosed | B Capital and Maverick Capital |
| Insurance - Agents, Carriers & Brokers | 10 Sep 2021 | $3.5M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 26 Aug 2021 | $170M | not disclosed | The Pritzker Organization and Denali Growth Partners |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Martello Re raise in its Growth round?
Martello Re raised $1.65B in its Growth round, announced in Jan 2022.
Which investors took part in Martello Re's Growth round?
MassMutual Ventures, Centerbridge Partners, Brown Brothers Harriman and Hudson Structured Capital Management.
What was Martello Re's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Insurance - Agents, Carriers & Brokers?
22 Growth rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $98M, and this round was 17 times the median.