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FT Partners Advises Goji on its $15 million Financing Round

Overview of Transaction

  • On November 15, 2017, Goji announced a $15 million financing round led by Hudson Structured Capital Management Ltd., doing business as HSCM Bermuda
  • Founded in 2007 and headquartered in Boston, MA, Goji is the country’s leading independent online personal lines insurance agency
  • Goji’s data-driven home and automobile insurance platform enables Goji agents to seamlessly match the optimal coverage needs of its preferred buyers with Goji’s integrated network of more than a dozen insurance carriers
  • HSCM Bermuda was founded in 2015 and invests in reinsurance and insurance-linked assets across all lines of businesses
  • Goji's existing investors include: Thayer Street Partners, a tech-enabled financial- and business services-oriented private investment firm, Matt Coffin's Coffin Capital & Ventures, and Five Elms Capital, a Kansas City-based growth capital investment firm focused on tech-enabled companies

Significance of Transaction

  • The investment allows Goji to benefit from HSCM Bermuda’s sophisticated knowledge of insurance and its strong access to the insurance and reinsurance markets
  • Additionally, the investment will drive accelerated growth at Goji

FT Partners' Role

  • FT Partners served as a strategic and financial advisor to Goji and its Board of Directors
  • This transaction underscores FT Partners' successful track record generating highly favorable outcomes for leading InsurTech companies