Amount$2.7B
SeriesAcquisition
AnnouncedJan 1, 2019
SectorInsurance Eligibility & Benefits Verification
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Acquisition round (4.3× the median) — an outlier.
Syndicate size
2 investors on the cap table.
Insider conviction
All-new money — no prior investors re-upped.
Investor track record
Mostly newer or unproven managers.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Acquisition rounds (118)
Round size distribution81th pct
smaller Acquisition roundslarger
vs. Insurance Eligibility & Benefits Verification (33)
Round size in sector100th pct
$15Kthis round: $2.7B$155M
