AgentSync, a Denver-based SaaS provider for the insurance industry, has raised $75 million in Series B capital. Led by Valor Equity Partners, with participation from Craft Ventures, Tiger Global, Atreides Management, and Anthemis, the Series B puts AgentSync’s valuation at $1.2 billion.
The company builds technology to power growth across the insurance industry. Its solutions span distribution channel growth, producer management, and compliance.
Valor Equity Partners
Valor Equity Partners is a private equity firm headquartered in Chicago, Illinois. The firm specializes in making investments in growth, expansion and buyout opportunities. Its target sectors include consumer, infrastructure, industrial services and manufacturing.
The company has a well-rounded team that includes industry experts and high-growth entrepreneurs. Moreover, the firm has an impressive track record of delivering value to investors through its bespoke services.
For instance, the firm has a stellar technology division that helps companies improve their product development and go-to-market strategies. In addition, the firm provides operational support to its portfolio companies through its lean improvement, systems optimization and human capital management expertise.
As a result, the company has an extensive portfolio of innovative technologies and cutting-edge business models. In particular, the firm has a significant presence in the food and beverage space. Some of the notable investments made by Valor include RIND Snacks, Mason Dixie Foods, Spero Foods and Opopop.
One of the most exciting things about the firm is its ability to build relationships with some of the world’s most compelling entrepreneurs. Whether they are solving complex problems or scaling their businesses, these entrepreneurs often prove to be the most valuable assets of any private equity fund.
In addition, the firm has a strong team that is dedicated to delivering value to investors through its bespoke technology and services. In particular, the firm has a substantial technology division that helps companies improve their product development, go-to-market and customer relationship management (CRM) strategies.
In the VC sector, Valor Equity Partners is in a league of its own when it comes to investing in innovative technologies and business models. Specifically, the firm has a robust team of engineers that is dedicated to bringing to market the latest and greatest solutions in areas such as artificial intelligence, machine learning and deep learning. In addition, the firm has a solid track record of deploying the most efficient capital to help its portfolio companies scale.
Craft Ventures
Craft Ventures is a venture capital firm that makes early-stage investments in technology, e-commerce, and consumer products. It was founded in 2017 by David O. Sacks, formerly of Yammer and PayPal, and Bill Lee, formerly of Remarq and Big Fish Games. Other members of the team include Jeff Fluhr, formerly of StubHub, and Sky Dayton, formerly of EarthLink and Boingo Wireless.
The firm’s portfolio consists of 149 companies, including new Series A and Seed startups as well as public companies it has invested in. The firms’ investment strategy focuses on B2B SaaS, ecommerce, and Bitcoin investments.
As a VC firm, Craft Ventures provides funding and strategic advice to its portfolio companies. The firm has a dedicated team of industry veterans who have either founded or run successful businesses in their respective industries, and they offer support through multiple areas such as:
Product Development: Brian Murray leads Craft’s product efforts, with expertise in B2B SaaS, ecommerce, blockchain, and Bitcoin. He is also a member of the Boards of Bitgo, Fold, Klue, Lightning Labs, Sendoso, Sonar, and Sphinx.
Customer Success: Sam Jakola oversees talent and recruiting, leveraging deep industry experience from executive search firms and startups to help portfolio companies recruit and retain top talent. He helps them communicate their value proposition to the market and leverage earned media to build brand awareness.
Marketing: Jessica Hoffman, an experienced PR and earned media specialist, focuses on promoting Craft companies’ products to their target audiences. She assists in identifying key market segments and creating effective messaging to maximize reach and drive growth.
Legal & Compliance: Josha Bronson, an experienced information security and data privacy lawyer, manages cybersecurity and compliance issues for Craft portfolio companies, which are primarily in the insurance space. He also assists in navigating government regulations and regulatory approvals.
Marketplace Businesses: The hyper-verticalization of vertical marketplaces has created a lot of opportunity for VC firms to invest in them. These companies offer strong network effects, liquidity-driven flywheels, and deep moats for defensibility. The company’s portfolio includes Instawork, Seated, Shef, and Trusted.
Atreides Management
Atreides Management is an investment firm based in Boston, Massachusetts. The firm offers a variety of services and products, including investment research and analysis. It is a crossover firm that focuses on high growth technology and consumer companies. It invests in public and private markets.
Atreides provides equity, fixed income, and alternative assets. Its portfolio includes 34 holdings. The firm’s top holdings are Advanced Micro Devices, Dick’s Sporting Goods, Block Inc., Meta Platforms, and Marvell Technology Group. Its portfolio has an asset value of $2,536,236,372 USD as of April 25, 2019.
Founded in January 2019, Atreides Management is a crossover firm that invests in high growth technology and consumer companies across public and private markets with a long-term perspective. Its founder is former Fidelity portfolio manager Gavin Baker, who worked at the firm for 18 years until he left in 2017. He has a strong track record and was named Fund Manager of the Year in 2014 by the Boston Globe. He has invested in Sonder, Drivenets, K Health, Premise Data and Mythic AI among other venture and growth equity investments.
AgentSync, which builds infrastructure to power growth across the insurance industry, recently raised $75m in a Series B funding round at a $1.2 billion valuation. The round was led by Valor Equity Partners with participation from Craft Ventures, Tiger Global, Atreides Management, and Anthemis. The company uses the proceeds to enhance its producer management platform and expand its product portfolio.
Anthemis
AgentSync is modernizing the tools and infrastructure powering growth across the insurance industry, leveraging automation to make insurance distribution more efficient. Its best-in-class producer management platform uses cloud and mobile technology to automate the licensing compliance process. The solution has a high retention rate and has already helped several leading agencies, MGAs and carriers grow significantly.
Anthemis is a leading venture capital firm that invests in progressive companies in digital financial services and modern fintech. The company is known for its innovative approach to investing and delivering value to shareholders through a multi-pronged strategy that includes strategic partnerships, investments, entrepreneurship and research and development. Anthemis also nurtures a global fintech ecosystem by working with policymakers, academics and emerging voices through its Institute and media arm Hacking Finance.
Anthemis has a proven track record of success in the world of fintech investment, and is well-positioned to lead this new wave of innovation. Anthemis has also made significant progress on its mission to cultivate systemic change in financial services through partnerships with progressive companies that are committed to improving the world.
