Reported 16 days ago
Insurtech company Xceedance has secured a growth investment from Portage Capital Solutions, which provides Portage a minority equity stake and brings Xceedance's total capital to approximately $100 million. This funding will enhance Xceedance's AI-driven solutions and support potential acquisitions. CEO Arun Balakrishnan noted the investment strengthens their capital base and connects them to Portage's broader financial ecosystem, while positioning Xceedance for continued growth as a leading partner in the insurance industry.
Source: YAHOO