ROYAL PARK PARTNERS ADVISES CONCIRRUS
ON ITS MINORITY INVESTMENT BY
COMMERZVENTURES AND ALBIONVC
Overview of the transaction
Insurtech start-up Concirrus Limited has secured a minority investment led by AlbionVC in Spring 2020, including participation from existing investors IQ Capital and EOS Venture Partners. Both investors previously led Concirrus’ Series A funding round in 2018.
In Summer 2020, an extension to the funding round was completed, led by CommerzVentures.
Concirrus will use the capital to expand its portfolio of clients globally as well as broaden the strength of its product offering and diversify across multiple business lines.
Overview of Concirrus
Headquartered in London, Concirrus is considered to be the leading provider of intelligent insurance solutions for the specialty and automotive insurance market.
Quest is Concirrus’s behavioural-based underwriting platform, which delivers portfolio management and predictive analytics to a variety of stakeholders: asset owners, brokers, insurers and capital providers using the latest advancements in big data aggregation, AI and machine learning.
The Quest platform is being adopted as the industry standard tool in the exchange of risk and capital.
Royal Park Partners' role
Royal Park Partners acted as exclusive financial and strategic advisor to Concirrus and its board of directors.
The transaction highlights Royal Park Partners’ unrivalled expertise in the insurtech space, and history of assisting with the creation of meaningful returns for our Fintech clients and investors.
CEO of Concirrus
"Royal Park Partners have been an extension of Concirrus since day one helping us think through and validate our strategy. They powered us through our Series B funding round and subsequent fundraising.
We’ve been continually impressed by Royal Park Partners' extensive knowledge of the insurance industry and commitment to driving the deal to completion. We would highly recommend their services to fintech and insurtech companies looking for support in their corporate finance activities."
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