Ancoris Advises Covered Insurance Solutions
Ancoris Advises Covered Insurance Solutions
About the transaction
Ancoris acted as the exclusive financial advisor to Covered, a RedBird portfolio company, on its $50 million debt financing.
About the Company
Covered and https://redbirdcap.com/
Covered Insurance Solutions, LLC (“Covered” or the “Company”) provides partners, such as mortgage originators, mortgage servicers, banks and fintechs, with an embedded insurance marketplace solution, enabling them to offer insurance to their captive audience.
For more information, please visit
Covered https://itscovered.com/
and RedBird’s https://redbirdcap.com/ websites
Partnering with Ancoris was one of the best strategic decisions we made in our most recent capital raise. They combined strategic insight with flawless execution, delivering not just results, but a true partnership. I would recommend the Ancoris team without hesitation to any CEO looking for a world-class fundraising partner. They don’t just raise capital—they raise the bar.
Investment
Ancoris arranged an investment for Covered during a period of rapid growth, as the Company was bringing on large, blue-chip partners and needed additional capital to support its commercial expansion.
As Covered’s sponsor, RedBird sought a financing partner that could both enable near-term growth and offer flexibility to increase capital as needed. Crestline was selected as the preferred partner and provided a $50 million credit facility.
For more information, please visit:
Crestline’s website: https://www.crestlineinvestors.com/