INNOVATIVE INSURTECH STUBBEN EDGE GROUP SECURES A FURTHER £5.6M OF GROWTH CAPITAL LED BY DOWGATE CAPITAL
UK-based InsurTech Stubben Edge Group (the Company) has secured a further £5.6m in investment following an over-subscribed £10 million round in September last year. Cornerstone investors include a number of Lloyd’s Names, Nigel Wray, Dowgate Wealth, family offices, institutional investors and other HNW investors.
Since the last round, the Company has delivered on its ambitious growth strategy including the acquisition of Lloyd’s broker Genesis Special Risks, the establishment of Guernsey entity 1Edge and, in August, the purchase of SME-focused media titles from Bonhill PLC.
Further announcements are planned, including additional M&A activity, as the Company continues to target the funds to continue providing the best selection of services to brokers and IFAs who want to start, run, and grow their businesses.
INNOVATIVE INSURTECH STUBBEN EDGE GROUP SECURES A FURTHER £5.6M OF GROWTH CAPITAL LED BY DOWGATE CAPITAL. Congratulations to the entire team. I wish you great success in this endeavour.Shishir Gupta, Founder and CEO, StartupLanes
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