UK insurtech startup Wrisk secures $15m series B
Wrisk Secures $15 Million in Series B Funding UK-based insurtech startup Wrisk has successfully raised $15 million in a Series B funding round....
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Insurance Nerds Editorial Team
:
May 20, 2025 7:55:09 AM
Thoma Bravo, a private equity firm, is nearing a significant acquisition of Itel, a company that specializes in insurance claims software and is currently backed by GTCR. The deal, valued at approximately $1.3 billion and inclusive of debt, is projected to be announced soon.
This acquisition marks a strategic step for Thoma Bravo as it continues to strengthen its presence in the insurtech space. The firm has been actively investing in technology-driven insurance solutions, aiming to modernize and improve efficiency in the insurance industry.
Itel focuses on software solutions that streamline the insurance claims process, making it easier for insurers and policyholders alike. As technology continues to reshape the insurance landscape, companies like Itel are crucial for adapting traditional business models to new digital realities.
The acquisition could have various implications for the insurance industry, particularly in enhancing claims management processes. If completed, Itel may benefit from Thoma Bravo's resources and expertise, potentially leading to innovations that could better serve insurers and their clients.
In the larger context, this move highlights ongoing investment trends within the insurtech sector. As new players and technologies emerge, established firms must adapt to stay competitive, making partnerships and acquisitions increasingly important.
Overall, Thoma Bravo’s nearing acquisition of Itel reflects a broader trend in the insurance industry towards increased reliance on technology to optimize operations and improve customer experiences.
Original Source: https://www.bloomberg.com/news/articles/2025-05-19/thoma-bravo-nears-deal-for-gtcr-backed-insurance-tech-firm-itel
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