Bamboo Acquisition, Valuation, Funding & Investors

Bamboo was acquired by CVC Capital Partners for $2.1B in October 2025.

Bamboo acquisition price

$2.1B

Acquired by CVC Capital Partners · Oct 2025

Cumulative funding Bamboo raised

$29M

across 4 funding rounds

Key investors in Bamboo

  • Eos Venture Partners

Bamboo Overview

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

United StatesSalt Lake City, UT

Status

Acquired

Customer focus

B2C

Revenue model

Product sales

Valuation

$2.1B (acquired Oct 2025)

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.

Bamboo acquisition details
AcquirerDateTypePrice
3 Oct 2025PE 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

Bamboo funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2022Series AEos Venture Partners (lead)$16MBamboo 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 2020Seed-$4MNigerian 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 2019Seed-$3M-
Jun 2018Series 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

Investors in Bamboo by funding rounds participated
InvestorHQRoundsRoleFirst check

This data is available for Pro users. Sign up to see all 1 Bamboo investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Bamboo 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.

Public and private companies comparable to Bamboo
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Aditya Birla Housing FinanceIndiaMumbaiPrivate--$2.1B-
Lancashire HoldingsUnited KingdomUnited KingdomPublicly listed$1.9B$342M$2.1B0.9x
LunarDenmarkAarhusPrivate--$2B-
MarshmallowUnited KingdomUnited KingdomPrivate$500M-$2B4.0x
Odie Pet InsuranceUnited StatesLos Angeles, CAPrivate--$2B-
Stewart TitleUnited StatesUnited StatesPublicly listed$2.9B$247M$2B0.7x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Lancashire Holdings$1.9B$342M1.0x0.9x5.7x6.1x
Stewart Title$2.9B$247M0.9x0.7x10.2x-
Pelagos Insurance Capital$2.2B$323M1.0x0.6x7.0x-
BaoViet$2.3B$214M0.9x1.1x9.3x-
Horace Mann$1.6B$265M2.2x2.9x13.6x-
Wafa Assurance SA$970M$160M1.9x1.2x11.8x-
Inversiones La Construcción$3.9B($58M)1.0x-(65.1x)-
nib Group$2.7B$222M0.9x0.8x10.3x12.3x

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.

See companies similar to Bamboo

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial