Investment Summary

1315 Capital and MoonSail Capital Invest In Homestead

On September 30, 2021, growth capital firm 1315 Capital and private equity firm MoonSail Capital invested in insurance company Homestead

Investment Highlights
  • This is 1315 Capital’s 1st and MoonSail Capital’s 1st transaction in the Insurance sector.
  • This is 1315 Capital’s 15th and MoonSail Capital’s 3rd transaction in the United States.
  • This is 1315 Capital’s 4th and MoonSail Capital’s 1st transaction in Pennsylvania.

Investment Summary

Date 2021-09-30
Target Homestead
Sector Insurance
Investor(s) 1315 Capital
MoonSail Capital
Deal Type Growth Capital

Target

Homestead

Philadelphia, Pennsylvania, United States
Homestead creates transparent and sustainable health plans and put the power back in the hands of the employer. The company's plans are built on a proprietary reference-based repricing system and include stop-loss insurance protection against catastrophic losses as well as third-party administration. Homestead was founded in 2015 and is based in Philadelphia, Pennsylvania.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Investor(S) 2

DESCRIPTION

1315 Capital is a private investment firm that provides expansion and growth capital to commercial-stage specialty pharmaceutical, medical technology, and healthcare service companies. The Firm will consider opportunities across the US and generally looks to commit $10 to $40 million per investment. 1315 Capital was formed in 2014 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 17 of 22
Sector: Insurance M&A 1 of 1
Type: Growth Capital M&A Deals 4 of 6
State: Pennsylvania M&A 4 of 4
Country: United States M&A 15 of 20
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 miraDry

Santa Clara, California, United States

miraDry is the only FDA-cleared device to reduce underarm sweat, odor and permanently reduce the hair of all colors. The miraDry non-invasive procedure is safe and highly efficacious with a proven commercial and clinical track record. miraDry is based in Santa Clara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-13 Nutrisense

Chicago, Illinois, United States

Nutrisense is a nutrition technology company helping its users improve their metabolic health through personalized data and dietitian support. Nutrisense was founded in 2019 and is based in Chicago, Illinois.

Buy -
DESCRIPTION

MoonSail Capital is a private equity firm focused on providing equity and/or debt capital to lower middle-market companies ($5 to $100 million of revenue) throughout the US and Puerto Rico. The Firm has no stated sector preferences, but prefers capital light businesses with add-on possibilities and predictable revenue streams. MoonSail Capital was formed in 2017 and is based in Los Angeles, California.


DEAL STATS #
Overall 3 of 5
Sector: Insurance M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Pennsylvania M&A 1 of 1
Country: United States M&A 3 of 5
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Health Connect America

Franklin, Tennessee, United States

Health Connect America is a mission-driven provider of in-home, community based and school-based mental and behavioral health services predominantly to adolescents and young adults. The company specializes in delivering an innovative, outcomes-based continuum of care, including conduct disorder, family counseling, autism services and medication management. Health Connect America is based in Franklin, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-30 EyeSouth Partners

Atlanta, Georgia, United States

EyeSouth Partners is an eye care physician services organization committed to partnering with leading physicians to build a premier network of eye care services in Georgia and the Southeast. EyeSouth’s partner practices’ clinical mission is to provide high-quality medical and surgical specialty eye care. The organization supports its affiliated practices and physician partners with capital, administrative resources, operating expertise, and strategic guidance with an absolute focus on clinical quality and a patient-first culture. EyeSouth Partners was founded in 2017 and is based in Atlanta, Georgia.

Buy -