SelectQuote, Inc. secured a $350 million strategic investment from Bain Capital, Morgan Stanley Private Credit, and Newlight Partners to enhance its healthcare services business.
Amount Raised
$350 Million
Round Type
Corporate Round
Overland ParkHealth CareInsurtechInsuranceInvestors
Description
SelectQuote, Inc. announced a $350 million strategic investment to grow its healthcare services platform and improve its capital structure. The investment will enable the company to recapitalize its balance sheet and lower its annual cash debt service.
Quick answer
SelectQuote raised $350 Million in a Corporate Round round, dated February 10, 2025. Investors: Newlight Partners, Morgan Stanley Private Credit and Bain Capital. SelectQuote is based in Overland Park, Kansas, United States.
- How much did SelectQuote raise?
- SelectQuote raised $350 Million in a Corporate Round round on February 10, 2025.
- Who invested in SelectQuote?
- Newlight Partners, Morgan Stanley Private Credit and Bain Capital are named as investors in this round.
- What does SelectQuote do?
- SelectQuote, Inc. is a leading distributor of Medicare insurance policies, founded in 1985.
- Where is SelectQuote based and how big is it?
- SelectQuote is based in Overland Park, Kansas, United States. Fundz records about 2,442 employees.
- Who are the decision-makers at SelectQuote?
- Fundz holds 1 contact at SelectQuote. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Insurtech and Insurance around the same time
Companies in the same sectors as SelectQuote that raised within 45 days of this round, from Fundz verified event records.
- CoverForce raised $13M (Series A) on March 5, 2025.
- CompScience raised $28M (Series B) on February 27, 2025.
- Adaptive Insurance raised $5M (Seed) on February 25, 2025.
- Comulate raised $20M (Series B) on February 12, 2025.
- UpCover raised $45M (Funding Round) on February 9, 2025.
- Weecover raised $4.4M (Seed) on January 23, 2025.
Who to call at SelectQuote, and when
A new round usually means SelectQuote is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day SelectQuote raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at SelectQuote, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at SelectQuote. With Fundz connected, it knows.
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Fundz sees it the moment SelectQuote raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
SelectQuote 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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