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Canadian insurtech APOLLO closes $13.5 million Series A financing round


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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. ....

United States , British Columbia , Kia Besharat , Jeff Mccann , David Dyck , Trisura International Insurance Ltd , Canadian Investor Protection Fund , Gravitas Securities Inc , Trisura Group , Totten Insurance Group , Trisura Specialty Insurance Company , Trisura Guarantee Insurance Company , Apollo Insurance Solutions Ltd , Toronto Stock Exchange , Liberty Mutual , Investment Industry Regulatory Organization Of Canada , Trisura Group Ltd , Venture Exchange , Tracey Swain , Chief Financial Officer , Marco Andolfatto , Chief Underwriting , Vice President , Internal Audit , Corporate Finance , Chief Strategy Officer ,