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  6. HCS Capital and The IHC Group Invest In Figo Pet Insurance

Investment Summary

HCS Capital and The IHC Group Invest In Figo Pet Insurance

On March 14, 2018, private equity firm HCS Capital and The IHC Group invested in insurance company Figo Pet Insurance

Investment Highlights
  • This is HCS Capital’s 1st and The IHC Group’s 1st transaction in the Insurance sector.
  • This is HCS Capital’s 1st and The IHC Group’s 1st transaction in the United States.
  • This is HCS Capital’s 1st and The IHC Group’s 1st transaction in Illinois.

Investment Summary
Date 2018-03-14
Target Figo Pet Insurance
Sector Insurance
Investor(s) HCS Capital
The IHC Group
Deal Type Growth Capital

Target

Figo Pet Insurance

Chicago, Illinois, United States
Figo Pet Insurance is an InsurTech company that offers a unique combination of comprehensive insurance policies to protect your pet in the event of injury or illness; as well as an industry-leading Pet Cloud. FIGO utilizes a highly engaging and mobile-friendly Pet Cloud that allows consumers to socially engage with fellow pet owners, find grooming and boarding locations, and discover other services within the pet ecosystem. Figo Pet Insurance was founded in 2013 and is based in Chicago, Illinois.

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Investor(S) 2

Investor

HCS Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Agnostic
DESCRIPTION

HCS Capital is a private equity firm that seeks majority and minority positions in technology-driven companies across North America, Latin America, and Israel. HCS Capital was founded in 2016 and is headquartered in Miami, Florida.

DEAL STATS #
Overall 1 of 5
Sector: Insurance M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 5
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 Ceptinel

Santiago, Chile

Ceptinel specialized in Regulatory Technology. Centinel provides financial institutions with a range of tools to monitor and adhere to regulatory and compliance requirements. Centinel uses Complex Event Processing ("CEP") and Machine Learning to satisfy a variety of complex institutional needs including Risk Management, Automated Audit, Market Abuse (i.e. anti-money-laundry) and many other compliances and risk-related activities. Ceptinel was founded in 2016 and is based in Santiago, Chile.

Buy -
Investor

The IHC Group

Stamford, Connecticut, United States
Category Company
Founded 1980
Sector Insurance
Employees550
Revenue 444M USD (2020)
DESCRIPTION

The IHC Group is a provider of life and health insurance business products that sell products nationally through multiple channels, including digital, call center, and advisors, all of which utilize our CMS-approved Web Broker. The IHC Group was founded in 1980 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 1 of 2
Sector: Insurance M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-05 IHC Risk Solutions

Marlton, New Jersey, United States

IHC Risk Solutions LLC is a medical stop-loss underwriters in the United States.

Sell $153M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-15 MarTech

Edgartown, Massachusetts, United States

MarTech empowers digital marketing professionals by providing trusted content and educational services. MarTech is based in Edgartown, Massachusetts.

Buy -
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