Tech Company M&A Transactions
Zensurance Acquisition
Zensurance was bought by The Travelers Companies. The transaction was announced on 8/16/2018. The transaction price was $12.2 million.
Transaction Overview
Company Name
Acquired By
Announced On
8/16/2018
Transaction Type
M&A
Amount
$12,170,000
M&A Terms
Zensurance is currently operating independently of Travelers, and the goal is to continue working with more insurance companies. The team is also working on getting the authority to bind insurance contracts in real-time through the platform, rather than relying on insurance companies to make that last step.
Company Information
Company Status
Acquired or Merged
Industry
InsureTech
Mailing Address
10 Dundas St E 600
Toronto ON, M5B 2G9
Canada
Toronto ON, M5B 2G9
Canada
Phone
Website
Email Address
Overview
Buying business insurance is often seen as a daunting task given the amount of options and the jargon involved. There is also a fear factor involved, so customers often simply accept what they are offered without truly understanding what they are buying.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Danish Yusef
Chief Technical Officer
Sultan Mehrabi
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Where The Data Comes From
We do our best to record tech company VC transactions. VC investment data records reported here are derived from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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