Boost Insurance secures investment from BHMS
Summary
Proceeds will be used to support the companys continued MGA program and customer growth, expansion of its suite of complementary technology products and services, as well as select acquisitions.Since launching its first program in 2019, Boost has underwritten approximately $200 billion in coverage behind a growing list of customers. The company offers MGAs, independent brokers and agents, and emerging digital insurance providers the needed infrastructure to sell insurance.Boost is well ahead of the market in terms of building foundational infrastructure for the fast-growing MGA marketplace. Kevin Angelis, Managing Partner of BHMS.We always knew that Boost wasnt going to be built in a day, especially if we wanted to do it right, so it would be essential to have long-term and highly specialized capital partners behind us that are truly value-add for the company to reach its full potential. BHMS brings a wealth of expertise along with an unquestionable track record of taking businesses to new heights in this very specific industry of ours. Theyre the perfect partner for Boost as we graduate out of the venture-backed phase of our journey and continue to scale.