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Equisoft Secures $125 Million In Funding, Strengthening Its Position As Global Tech Leader

Mar 01, 2023

Amount Raised

$125 Million

Round Type

Funding Round

Financial Services

Investors

FondactionExport Development CanadaGovernment Of QuébecInvestissement QuébecEquisoft

Description

Equisoft, a leading global digital solutions provider to the financial industry, is pleased to announce the successful closing of a $125 million equity investment. Of this total investment, $70 million is from new investors Investissement Québec and the government of Québec, with the remainder coming from existing long-time investment partners, Export Development Canada (EDC) and Fondaction.

Quick answer

Equisoft raised $125 Million in a Funding Round round, dated March 1, 2023. Investors: Fondaction, Export Development Canada, Government Of Québec, Investissement Québec and Equisoft.

How much did Equisoft raise?
Equisoft raised $125 Million in a Funding Round round on March 1, 2023.
Who invested in Equisoft?
Fondaction, Export Development Canada, Government Of Québec, Investissement Québec and Equisoft are named as investors in this round.
What does Equisoft do?
Investment will fuel international expansion and R&D as the company focuses on enabling the digital transformation of life insurance, wealth and asset management firms.
Where is Equisoft based and how big is it?
Fundz records about 900 employees.

Source: Fundz verified event record.

Who else raised in Financial Services around the same time

Companies in the same sectors as Equisoft that raised within 45 days of this round, from Fundz verified event records.

  • Tradier raised $25M (Series B) on April 13, 2023.
  • Fivvy raised an undisclosed amount (Funding Round) on April 12, 2023.
  • Pitstop raised $3.8M (Seed) on April 12, 2023.
  • One Creation raised $3.5M (Seed) on April 12, 2023.
  • Clear Street raised $270M (Funding Round) on April 11, 2023.
  • Nsure.com raised an undisclosed amount (Corporate Round) on April 11, 2023.

Who to call at Equisoft, and when

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Company Information

Company

Equisoft

About

Investment will fuel international expansion and R&D as the company focuses on enabling the digital transformation of life insurance, wealth and asset management firms. MONTREAL, March 1, 2023 /PRNewswire/ - Equisoft, a leading global digital solutions provider to the financial industry, is pleased to announce the successful closing of a $125 million equity investment. Over the past five years, the company successfully expanded internationally, becoming a dominant player in LATAM, the Caribbean and Europe, in addition to its already healthy North American presence. The company is continuing to develop its end-to-end life insurance and wealth management platforms, which power digital transformation in leading international companies. Of this total investment, $70 million is from new investors Investissement Québec and the government of Québec, with the remainder coming from existing long-time investment partners, Export Development Canada (EDC) and Fondaction.Continue ReadingEquisoft Secures $125 Million in Funding, Strengthening its Position as Global Tech Leader (CNW Group/Equisoft)Equisoft, founded in 1994, is at the forefront of digital transformation for the life insurance industry, and is a leader in wealth and investment management technologies. With EDC's support, Equisoft has been able to expand into international markets and maintain a successful growth trajectory. About EquisoftFounded in 1994, Equisoft is a global provider of advanced insurance and investment digital solutions. Equisoft is also Oracle's largest and most experienced partner for the OIPA platform.

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Equisoft raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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