Apollo Insurance Solutions Ltd. ("APOLLO") (TSXV: APLO Reserved), Canada's leading online insurance company, 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.
Minden Gross LLP acted for Gravitas Securities Inc. in connection with the offering with a team led by Andrew Elbaz, Alexander Katznelson, and Darren Nguyen – Securities and Capital Markets.
Read the media release here: Canadian insurtech APOLLO closes $13.5 million Series A financing round - https://www.newswire.ca/news-releases/canadian-insurtech-apollo-closes-13-5-million-series-a-financing-round-855112967.html