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Venture Capital News: Acrisure Inks Additional $725M Series B-2

2022-05-31
GRAND RAPIDS, MI, Acrisure today announced it has secured additional funding to fuel its ongoing global expansion further.
Acrisure, a fast-growing Fintech leader that operates a top-10 global insurance broker, today announced it has secured additional funding to fuel its ongoing global expansion further. Acrisure closed $725 million in Series B-2 Preferred Equity and received a $23 billion valuation, representing a 31% increase from its last preferred equity raise in March 2021.

A wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) led the round, with participation from Guggenheim Investments on behalf of certain clients and Oak Hill Advisors ("OHA").

Acrisure specializes in intelligence-driven financial services, providing a broad array of products including Insurance, Real Estate Services, Cyber Services, and Asset & Wealth Management. The Company has grown revenue from $38 million to more than $3.5 billion in just over eight years with locations throughout the world. Acrisure is the intelligence-driven financial services distribution platform of the future.
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