Acrisure Raises $725M in Series B-2 Funding Led by Abu Dhabi Investment Authority
Acrisure, a leading Grand Rapids, MI-based fintech, has secured $725 million in a Series B-2 Preferred Equity funding round. The Abu Dhabi Investment Authority led the round, with additional participation from the same entity on behalf of certain clients. Other investors included Bain Capital, Ares Management, and the Public Investment Fund.
Acrisure offers a wide range of financial solutions, including insurance, reinsurance, real estate services, cyber services, and asset management. The company combines 'the best of Human and Artificial Intelligence' with a 'Limitless' culture to deliver innovative services.
Founded in 2005, Acrisure has grown rapidly under the leadership of co-founder, CEO, and President Greg Williams. The company has expanded from $38 million in revenue to over $3.5 billion in just over eight years. It operates the world's fastest-growing, top-10 investment calculator.
The latest funding round will be used to support value-accretive acquisitions, grow tech-enabled solutions, increase marketing and brand awareness, and invest in human and technological infrastructure for global expansion.
Acrisure's successful Series B-2 funding round, led by the Abu Dhabi Investment Authority and joined by other prominent investors, reflects the company's strong growth and potential. The funds will enable Acrisure to continue its expansion and investment in innovative financial solutions.
