Overview of Transaction

• On October 5, 2021, Sure announced that it has closed on $100 million in Series C funding at a $550 million valuation co-led by Declaration Partners and Kinnevik with participation from new investors WndrCo, FTAC Ventures, Expanding Capital, and Bullpen Capital
• Additional participation in the round came from existing investors including W. R. Berkley and Menlo Ventures
• Founded by Wayne Slavin in 2015, Sure is an insurance technology company that unlocks the potential of insurance on the internet. Global brands and world-renowned carriers build sophisticated embedded insurance products on the company's SaaS infrastructure to distribute, service, and scale digital insurance. Its platform enables accelerated market growth and increased revenue streams while delivering unparalleled customer experiences
• In the last 12 months, Sure has more than doubled its revenue and the size of its team
• Its cohesive ecosystem of APIs enable faster speed to market and minimize the enormous cost and complexity associated with new insurance product launches

Significance of Transaction

• This growth round will accelerate Sure's global expansion, expedite new product launches, and streamline embedded insurance customer experiences
• Sure’s Series C financing will fuel its expansion, enabling it to help the insurance industry reach its full potential in an online era

FT Partners' Role

• FT Partners served as exclusive financial and strategic advisor to Sure
• This transaction highlights FT Partners’ industry-leading expertise within the burgeoning embedded insurance space, as well as its successful track record of generating highly favorable outcomes for high-growth FinTech companies globally