Cloud-based InsurTech Insurity has received an investment from TA Associates as it looks to grow its presence within the P&C insurance space.
The company did not disclose the size of the strategic investment or how the capital will br specifically used.
Insurity’s existing investor is GI Partners, which acquired the company back in 2019.
Connecticut-based Insurity supplies over 250 customers with insurance software across the entire policy lifecycle. Its solutions include tools for claims, policies, payments and data analytics.
Insurity CEO Chris Lafond said, “We are thrilled to have TA renew their investment in Insurity.
“In the past two years, we have built leading cloud-based and data-driven products, expanded our total addressable market, acquired eight leading companies, and onboarded 16 system integrator partners. Insurity is proud to work with over 500 customers. We are pleased to partner with both TA and our existing investor, GI, as they collectively provide us with greater access to resources to best serve the P&C insurance industry.”
Copyright © 2021 FinTech Global
