- Companies
- Bamboo
Bamboo Acquisition, Valuation, Funding & Investors
Bamboo was acquired by CVC Capital Partners for $2.1B in October 2025.
Cumulative funding Bamboo raised
$29M
across 4 funding rounds
Key investors in Bamboo
Eos Venture Partners
About Bamboo
Bamboo is an insurtech provider of property-casualty policies for homeowners, renters, and auto owners emphasizing technology-driven cost efficiencies. Illinois-based, it underwrites coverage for homes, personal belongings, and liability risks.
Founded
2018
HQ
Website
Status
Acquired
Customer focus
B2C
Revenue model
Product sales
Valuation
$2.1B (acquired Oct 2025)
Sectors
Bamboo Acquisition
Bamboo was acquired by CVC Capital Partners for $2.1B on 3 October 2025.
Before the acquisition Bamboo had raised $29M across 4 funding rounds.
White Mountains Insurance Group announced on October 3, 2025, a definitive agreement to sell a controlling interest in Bamboo, a data-enabled insurance distribution platform, to funds advised by CVC Capital Partners for $1.75 billion enterprise value. Bamboo provides homeowners' insurance and related products to the residential property market in California and Texas, leveraging differentiated technology and underwriting capabilities. The transaction closed on December 5, 2025, with White Mountains receiving net cash proceeds of approximately $848 million while retaining an approximate 15% fully-diluted equity stake valued at $250 million. White Mountains sold approximately 77.3% of its equity interest in the Bamboo Group, which includes WM Pierce Holdings and subsidiaries such as Bamboo Ide8 Insurance Services. CVC viewed the acquisition as strategically attractive due to Bamboo's high growth profile, recurring revenue model, and strong value proposition to partners, positioning it as an optimal fit for CVC's US portfolio. The transaction generated an expected gain of approximately $310 per share to White Mountains' book value.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 3 Oct 2025 | PE buyout | $2.1B |
Bamboo Funding History
Bamboo has raised a total of $29M across 4 funding rounds.
Bamboo's first fundraising round was a $6M Series A in June 2018. The most recent completed round was a $16M Series A in September 2022.
Bamboo funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2022 | Series A | Eos Venture Partners (lead) | $16M | Bamboo secured $16 million in Series A funding led by Eos Venture Partners in September 2022. The company subsequently demonstrated strong growth, ranking No. 455 on the 2025 Inc. 5000 list of America's fastest-growing private companies, up from No. 1,680 in the previous year—a jump of over 1,200 spots. This improvement reflects Bamboo's execution on its strategy to reimagine insurance delivery and strengthen its market position. |
| Oct 2020 | Seed | - | $4M | Nigerian fintech startup Bamboo raised $15 million in a Series A funding round in late 2021, co-led by Greycroft and Tiger Global, with participation from Motley Fool Ventures, Saison Capital, Chrysalis Capital, and Y Combinator's Michael Seibel. Launched in January 2020, Bamboo operates as a brokerage app enabling Africans to buy and trade US stocks in real-time, providing access to dollar-denominated assets. The platform supports funding in dollars or local currency and offers an API for asset managers and fintechs to integrate global investment options. |
| May 2019 | Seed | - | $3M | - |
| Jun 2018 | Series A | - | $6M | - |
Who has invested in Bamboo?
1 investor has backed Bamboo across its funding rounds, including Eos Venture Partners.
Lead investors include Eos Venture Partners.
Bamboo Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialBamboo Competitors
Bamboo competitors include listed companies like Lancashire Holdings and Stewart Title, and private ones like Aditya Birla Housing Finance, Lunar, Marshmallow and Odie Pet Insurance.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2.1B | - | ||
| Publicly listed | $1.9B | $342M | $2.1B | 0.9x | ||
| Private | - | - | $2B | - | ||
| Private | $500M | - | $2B | 4.0x | ||
| Private | - | - | $2B | - | ||
| Publicly listed | $2.9B | $247M | $2B | 0.7x |
Bamboo Public Comps
Bamboo is no longer listed, but its public comps include Lancashire Holdings, Stewart Title, Pelagos Insurance Capital, BaoViet, Horace Mann, Wafa Assurance SA, Inversiones La Construcción, nib Group, Pacífico Seguros and Ethos Insurance.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.9B | $342M | 1.0x | 0.9x | 5.7x | 6.1x | |||
| $2.9B | $247M | 0.9x | 0.7x | 10.2x | - | |||
| $2.2B | $323M | 1.0x | 0.6x | 7.0x | - | |||
| $2.3B | $214M | 0.9x | 1.1x | 9.3x | - | |||
| $1.6B | $265M | 2.2x | 2.9x | 13.6x | - | |||
| $970M | $160M | 1.9x | 1.2x | 11.8x | - | |||
| $3.9B | ($58M) | 1.0x | - | (65.1x) | - | |||
| $2.7B | $222M | 0.9x | 0.8x | 10.3x | 12.3x | |||
This data is available for Pro users. Sign up to see all Bamboo competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Bamboo
| When was Bamboo founded? | Bamboo was founded in 2018. |
| Where is Bamboo headquartered? | Bamboo is headquartered in Salt Lake City, UT, United States. |
| Is Bamboo publicly listed? | No, Bamboo was acquired by CVC Capital Partners in October 2025. |
| Who acquired Bamboo? | Bamboo was acquired by CVC Capital Partners in October 2025. |
| How much was Bamboo acquired for? | Bamboo was acquired for $2.1B in October 2025. |
| How much funding has Bamboo raised? | Bamboo has raised $29M across 4 funding rounds. |
| What was Bamboo's last funding round? | Bamboo's last funding round was a $16M Series A in September 2022, led by Eos Venture Partners. |
| Who are Bamboo's investors? | Bamboo's investors include Eos Venture Partners. |
| Which companies are comparable to Bamboo? | Companies comparable to Bamboo include Aditya Birla Housing Finance, Lancashire Holdings, Lunar, Marshmallow, Odie Pet Insurance and Stewart Title. |
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