Investment Summary

Polaris Partners Invests In SimplyInsured

On June 30, 2015, growth capital firm Polaris Partners invested in insurance company SimplyInsured

Investment Highlights
  • This is Polaris Partners’ 1st transaction in the Insurance sector.
  • This is Polaris Partners’ 36th transaction in the United States.
  • This is Polaris Partners’ 6th transaction in California.

Investment Summary
Date 2015-06-30
Target SimplyInsured
Sector Insurance
Investor(s) Polaris Partners
Deal Type Venture

Target

SimplyInsured

Richmond, California, United States
SimplyInsured is a simple, no-hassle health insurance marketplace and administrative platform for small businesses. SimplyInsured was founded in 2012 and is based in Richmond, California.

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Investor(S) 1

Investor

Polaris Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1996
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Polaris Partners is primarily a seed, first round, and early stage venture capital investor in information technology and life science businesses. However, Polaris also focuses on private equity investments in established companies. In this area, Polaris targets high growth middle market companies in industries including technology, healthcare, digital media, consumer products and services, and business services. The firm's investments include minority growth equity investments, recapitalizations with liquidity, and leveraged buyouts. Polaris Partners was formed in 1996 and has offices in Seattle, Washington and Waltham, Massachusetts.

DEAL STATS #
Overall 39 of 87
Sector (Insurance) 1 of 2
Type (Venture) 17 of 57
State (California) 6 of 14
Country (United States) 36 of 78
Year (2015) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Arsenal Medical

Waltham, Massachusetts, United States

Arsenal Medical is a platform technology company developing novel polymer-based foams and fibers. Arsenal Medical is developing a foam to fill the abdominal cavity or a material to occlude small vessels in the brain. Arsenal Medical was founded in 2005 and is based in Waltham, Massachusetts.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-20 AgBiome

Durham, North Carolina, United States

AgBiome is a biotechnology company, that analyzes microbes found in and on crop plants and in surrounding soil for their potential use as biological products and as sources of genetic traits that can reduce crop damage and improve yields. AgBiome was founded in 2012 and is based in Durham, North Carolina.

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Mergr

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