Investcorp, Goldman Sachs and Others Back InsuranceDekho with $150M Growth Round

Bain Capital Insurance Invests in 1970 Group

July 29, 2024

Insurance

1970 Group, a specialist provider of insurance collateral funding and risk-financing solutions, received a growth capital investment from Bain Capital Insurance to support expansion of its liquidity management offerings. Financial terms were not disclosed; the investment is intended to help 1970 Group scale its insurance collateral model across the United States and Canada.

NewSpring Growth Leads $35M Investment in Deposco

March 1, 2021

Cloud & SaaS

NewSpring Growth led a $35 million investment round in Deposco, with participation from Aspen Capital Group and existing investors. Deposco will use the proceeds to accelerate product development of its cloud-native omnichannel fulfillment platform and expand its presence in established and new international markets; Hart Callahan of NewSpring will join Deposco’s board.

LDC Makes Growth Investment in Uinsure

February 12, 2024

Financial Services

Private equity firm LDC has made a significant growth investment in Manchester-based insurtech Uinsure to support the company's next phase of expansion. The funding will back Uinsure's technology development, increase market share, develop new markets and grow partnerships with intermediaries, building societies and banks while the existing management team remains in place.

Morgan Stanley Expansion Capital Invests $40M Growth Equity in Cover Whale

July 28, 2025

Insurance

Morgan Stanley Expansion Capital provided $40 million in growth equity to Cover Whale Insurance Solutions to accelerate investments in its technology platform, analytics, and product expansion. The financing converts Morgan Stanley's prior structured debt into an equity partnership as Cover Whale scales its telematics-driven commercial auto insurance MGA, which reported $133 million in gross written premiums year-to-date and is on track for $277 million for the full year.

Chicago Growth Partners Recapitalizes The Insco Group

March 15, 2024

Industrial Services

Chicago Growth Partners has completed a recapitalization of The Insco Group, a third-generation family-owned industrial distributor, with BDO Capital Advisors acting as exclusive financial advisor to Insco. Insco sells more than 5,000 in-stock products to biotechnology, industrial and government customers primarily in the U.S. Northeast; CGP is a Chicago-based private equity firm focused on middle-market buyouts and growth investments.

Vistara Growth Invests $30M in Matic Insurance Services

January 7, 2025

Financial Services

Matic Insurance Services Inc. secured $30 million in growth capital from Vistara Growth to accelerate the expansion of its embedded insurtech platform. The financing will be used to broaden distribution partnerships, continue development of Matic's proprietary technology, and enhance customer experience across mortgage, banking and other financial partners.