What does Acrisure do?
Acrisure is a Grand Rapids, MI-based fintech company that provides a wide range of insurance and business solutions, including risk management, reinsurance, payroll, benefits, cybersecurity, and real estate services. The company combines advanced technology with human expertise to deliver customized financial solutions.
How much did they raise?
The company raised $2.1 Billion in a funding round led by Bain Capital with participation from Fidelity Management and Research Company, Apollo Funds, Gallatin Point Capital, BDT and MSD Partners.
What are their plans for the money?
Acrisure plans to use the funds to refinance a portion of its existing non-convertible preferred stock, pursue strategic accretive M&A, and accelerate the development of its tech-enabled financial services platform. This capital infusion is expected to strengthen its market position and support further technological innovation.
What have they achieved so far?
Over the past eleven years, Acrisure has grown its revenue remarkably from $38 Million to nearly $5 Billion and expanded its workforce to over 19,000 colleagues across 23 countries. The company's recent executive appointments, including a new CTO and Chief Administrative Officer, further highlight its commitment to continuous growth and innovation.
