Insurance Lounge Raises $15M Growth Equity to Fuel Rapid Expansion
Summary
GRANTS PASS, Ore., Sept. 19, 2022 /PRNewswire/ -- Insurance Lounge, has closed on $15M of growth equity financing to accelerate the companys expansion plans. The financing will support the companys initiatives for geographic growth, including the opening of new locations, the acquisition of additional agencies and the pursuit of key talent hires. The financing round was completed by a consortium of institutional investors led by Brian Modesitt and Alta Point Capital. "I am excited to work with this new investor group to achieve the goal of Insurance Lounges unique consumer-centric approach. David Young, Managing Partner of Alta Point Capital, noted further, "Insurance Lounge has built a strong foundation and brand in Oregon and we look forward to working with Brian and Michael to support the companys growth initiatives over the coming years.