Patra Secures $146 Million Growth Equity Investment From Ftv Capital To Accelerate Efficiencies Across Insurance Value Chain

Sep 13, 2022•almost 3 years ago

Amount Raised

$146 Million

El Dorado HillsInsuranceFinancial Services

Description

Patra Corporation, a leading technology-enabled services company for the insurance industry, today announced a $146 million growth investment as part of a recapitalization from FTV Capital, a sector-focused growth equity firm with nearly 25 years of experience investing in technology-enabled services. This funding will drive additional growth through market expansion and accelerate the deployment of technologies that drive automation and digitization of policy and administrative services Patra delivers to their clients.

Company Information

Company

Patra

Location

El Dorado Hills, California, United States

About

Patra is a leading provider of technology-enabled services to the insurance industry. Patra powers insurance processes by optimizing the application of people and technology, supporting insurance organizations as they sell, deliver, and manage policies and customers through our PatraOne platform. Patra's global team of process executives in geopolitically stable and democratic countries that protect data, allows agencies, MGAs, wholesalers, and carriers to capture the Patra Advantage – profitable growth and organizational value. Patra is also a founding member of the InsurConneXtions Alliance, representing leaders across insurance technology, brokerage, wholesale, and specialty insurance, representing over $50 billion in insurance premiums. For more information, visit patracorp.com or follow us @Patracorp on Twitter and LinkedIn.

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