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Vancouver, BC, January 8, 2021 (T-Net)
Apollo Insurance Solutions Ltd (TSXV: APLO Reserved), Canada s leading online insurance company, announced today that it has closed an oversubscribed $13.5 million Series A financing round, far exceeding its original $4 million target.
Gravitas Securities Inc. led the financing which resulted in a strong and diverse shareholder base that included Trisura Group Ltd. (TSX: TSU), an international specialty insurance provider operating in the surety, risk solutions, corporate insurance and reinsurance segments of the market, and Liberty Mutual Insurance, a Fortune 100 company that is the sixth largest global property and casualty insurer based on 2019 gross written premium.
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TORONTO, Jan. 7, 2021 /CNW/ - Apollo Insurance Solutions Ltd. ( APOLLO Insurance ) (TSXV: APLO Reserved), Canada s leading online insurance company, announced today that it has closed an oversubscribed $13.5 million Series A financing round, far exceeding its original $4 million target. Gravitas Securities Inc. led the financing which resulted in a strong and diverse shareholder base that included Trisura Group Ltd. (TSX: TSU), an international specialty insurance provider operating in the surety, risk solutions, corporate insurance and reinsurance segments of the market, and Liberty Mutual Insurance, a Fortune 100 company that is the sixth largest global property and casualty insurer based on 2019 gross written premium.