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Insurance Marketplace Policygenius in Talks to Go Public Via SPAC
Policygenius Inc., an online insurance marketplace, is in talks to go public through a merger with the blank-check company PWP Forward Acquisition Corp. I, according to people with knowledge of the matter.
A valuation for the transaction hasn’t yet been finalized, one of the people said, and it’s possible talks could fall apart.
Policygenius representatives didn’t immediately respond to a request for comment, and a spokeswoman for PWP declined to comment.
New York-based Policygenius, which was co-founded in 2014 by Jennifer Fitzgerald and Francois de Lame, has said it’s raised funding from investors including KKR & Co., Norwest Venture Partners, Revolution Ventures, Susa Ventures, AXA Venture Partners, MassMutual Ventures and Transamerica Ventures.