Funding round
SageSure Growth
Reported as "Growth Equity"
SageSure, which works in property insurance underwriting and placement in Jersey City, raised $250M in a Growth round announced on 16 May 2023, led by Amwins and Flexpoint Ford. 3 firms took part.
$250M
Amount raised
Not disclosed
Post-money valuation
3
Investors
2 leads
Valuation
What this round says about the price
SageSure did not disclose a valuation in this round. It is SageSure's first venture round on record, 14 years after it was founded in 2009. No later venture round is on record for SageSure.
SageSure's funding rounds
This is the only venture round on record for SageSure.
- Debt not a venture round 25 Sep 2021, led by Citizens, ING Group and BMO Harris $125M
- Debt not a venture round 28 Mar 2023 $50M
- Growth this round 16 May 2023, led by Amwins and Flexpoint Ford $250M
Investors
Who put money in
Amwins and Flexpoint Ford led the round with 1 other firm.
Lead investors
- Amwins new investor
- backs 4 venture-backed companies new investor
Also in the round
- Ares Management Corporation new investor
Comparable rounds
How it compares
22 Growth rounds in Insurance - Agents, Carriers & Brokers within a year either side disclosed an amount; the median was $110M, and this round was 2.3 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 | 4 May 2023 | undisclosed | not disclosed | LoneTree Capital |
| Insurance - Agents, Carriers & Brokers | 8 Jun 2023 | $125M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 26 Apr 2023 | $35M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 6 Mar 2023 | $270M | not disclosed | not named |
| Insurance - Agents, Carriers & Brokers | 7 Mar 2023 | $120M | not disclosed | JMI Equity |
| Insurance - Agents, Carriers & Brokers | 17 Feb 2023 | $500M | $4.70B | Carlyle and HGGC |
| Insurance - Agents, Carriers & Brokers | 31 Dec 2022 | $145M | not disclosed | Affirma Capital |
| Insurance - Agents, Carriers & Brokers | 27 Dec 2022 | $60M | not disclosed | Chicago Pacific Founders |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did SageSure raise in its Growth round?
SageSure raised $250M in its Growth round, announced in May 2023.
Who led SageSure's Growth round?
Amwins and Flexpoint Ford led it, with Ares Management Corporation.
What was SageSure'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 $110M, and this round was 2.3 times the median.