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BIG DEAL: APOLLO Closes Oversubscribed $13.5 million Series A Financing Round led by Gravitas Securities

Jan 07, 2021

Big Deal - High Fives ImageApollo Insurance Solutions Ltd. (“APOLLO”) (TSXV: APLO Reserved), Canada’s leading online insurance company, closed an oversubscribed $13.5 million Series A financing round, far exceeding its original $4 million target. Gravitas Securities Inc. led the financing, which resulted in a strong and diverse shareholder base that included Trisura Group Ltd. (TSX: TSU), an international specialty insurance provider operating in the surety, risk solutions, corporate insurance, and reinsurance segments of the market, and Liberty Mutual Insurance, a Fortune 100 company that is the sixth-largest global property and casualty insurer based on 2019 gross written premium.

Minden Gross LLP acted for Gravitas Securities Inc. in connection with the offering with a team led by Andrew Elbaz, Alexander Katznelson, and Darren Nguyen Securities and Capital Markets.

Read the media release here: Canadian insurtech APOLLO closes $13.5 million Series A financing round - https://www.newswire.ca/news-releases/canadian-insurtech-apollo-closes-13-5-million-series-a-financing-round-855112967.html

Image: Andrew Elbaz - Securities and Capital MarketsImage: Alexander Katznelson, Business Law LawyerImage: Darren Nguyen, Business Law Lawyer