Patra Secures $146 Million Growth Equity Investment From Ftv Capital To Accelerate Efficiencies Across Insurance Value Chain
Amount Raised
$146 Million
Round Type
Private Equity
El Dorado HillsFinancial ServicesInsuranceDescription
Patra Corporation, a leading technology-enabled services company for the insurance industry, today announced a $146 million growth investment as part of a recapitalization from FTV Capital, a sector-focused growth equity firm with nearly 25 years of experience investing in technology-enabled services. This funding will drive additional growth through market expansion and accelerate the deployment of technologies that drive automation and digitization of policy and administrative services Patra delivers to their clients.
Quick answer
Patra raised $146 Million in a Private Equity round, dated September 13, 2022. Patra is based in El Dorado Hills, California, United States.
- How much did Patra raise?
- Patra raised $146 Million in a Private Equity round on September 13, 2022.
- What does Patra do?
- Patra is a leading provider of technology-enabled services to the insurance industry.
- Where is Patra based and how big is it?
- Patra is based in El Dorado Hills, California, United States.
- Who are the decision-makers at Patra?
- Fundz holds 2 contacts at Patra, including the Chief Digital Officer. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Insurance around the same time
Companies in the same sectors as Patra that raised within 45 days of this round, from Fundz verified event records.
- Stere raised $5M (Seed) on September 26, 2022.
- Pie Insurance raised $315M (Series D) on September 21, 2022.
- PolicyMe raised $18M (Funding Round) on September 20, 2022.
- Kin Insurance raised $145M (Debt Financing) on October 28, 2022.
- Reap Technologies Holdings Limited raised $40M (Series A) on October 27, 2022.
- LogRock raised $2M (Seed) on October 27, 2022.
Who to call at Patra, and when
A new round usually means Patra is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Patra raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Patra, from your own LinkedIn network
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Fundz sees it the moment Patra raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Patra raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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