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

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

09/13/22, 1:02 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgel dorado hills
Money raised
$146 million
Industry
insurance
financial services
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 Info

Company
Patra
Location
el dorado hills, california, united states
Additional Info
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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