EIS Group Funding, Investors & Competitors

EIS Group has raised $153M across 2 funding rounds, most recently a $100M undisclosed-stage round in June 2021.

Last EIS Group funding round

$100M

Undisclosed stage · Jun 2021

Cumulative funding EIS Group raised

$153M

across 2 funding rounds

Key investors in EIS Group

  • Lightspeed Venture Partners
  • TPG
  • Focus Ventures
  • Alec Miloslavsky
  • Exigen Capital
  • Greg Shenkman

EIS Group Overview

About EIS Group

EIS Group is a San Francisco-headquartered provider of core insurance software platforms including PolicyCore for product configuration and ClaimCore for claims automation. The company serves over 100 insurers globally in property, casualty, life, and health lines, with deployments at Helvetia and Generali. Established in 2008, EIS integrates with legacy systems via low-code tools supporting straight-through processing in 50 countries.


Founded

1999

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

EIS Group Funding History

EIS Group has raised a total of $153M across 2 funding rounds.

EIS Group's first fundraising round was a $53M undisclosed-stage round in March 2020. The most recent completed round was a $100M undisclosed-stage round in June 2021.

EIS Group funding rounds

EIS Group funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2021Undisclosed stageTPG (lead); Exigen Capital; Focus Ventures; Greg Shenkman; Lightspeed Venture Partners; Alec Miloslavsky$100MEIS Group, a San Francisco-based insurance technology company, provides a core and digital platform called EIS Suite for insurers, offering cloud-native solutions deployable on AWS, Microsoft Azure, and Google Cloud to accelerate innovation, product launches, and new revenue channels across risk, health, and wealth segments. On June 29, 2021, EIS announced a growth investment of more than $100 million from TPG's Tech Adjacencies fund, with TPG as the lead investor. The funding aims to accelerate product development and support geographic expansion into the U.S., Europe, and Asia, addressing prior underfunding in sales and marketing while affirming EIS's multiline, multi-geography strategy. EIS positions itself ahead of industry trends by offering a single flexible platform for multiple lines of business, contrasting with advice to niche down, and enabling insurers to transition from outdated legacy systems to more agile, secure solutions. TPG Partner Nehal Raj highlighted EIS's role in insurance digital transformation, praising its customer-centric approach and speed-to-market advantages. The transaction involved GCA as exclusive financial advisor to EIS, William Blair advising TPG, and Kirkland & Ellis as legal counsel. EIS's technology serves global insurers seeking operational efficiency and competitiveness, with TPG's involvement—managing nearly $96 billion—providing capital and expertise without altering the roadmap or management team. The investment underscores momentum in insurtech amid TPG's broader tech portfolio including Vertafore and CCC Information Services.
Mar 2020Undisclosed stage-$53M-

Who has invested in EIS Group?

6 investors have backed EIS Group across its funding rounds, including Lightspeed Venture Partners, TPG, Focus Ventures, Alec Miloslavsky, Exigen Capital and Greg Shenkman.

Lead investors include TPG.


EIS Group Investors

Investors in EIS Group by funding rounds participated
InvestorHQRoundsRoleFirst check
Exigen CapitalUnited StatesSan Francisco, CA1ParticipantJun 2021
Focus VenturesUnited StatesSan Francisco, CA1ParticipantJun 2021
Greg ShenkmanUnited StatesSan Francisco, CA1ParticipantJun 2021
Lightspeed Venture PartnersUnited StatesSan Francisco, CA1ParticipantJun 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by EIS Group

EIS Group has acquired 1 company to date.

Last acquisition by EIS Group was on August 1st 2022. EIS Group acquired Metromile Enterprise for undisclosed valuation.


Latest Acquisitions by EIS Group

Metromile Enterprise
Description
-
HQ CountryUnited States
HQ City
San Francisco, CA
Deal Date1 Aug 2022
Valuationundisclosed
EV/Revenue
EV/EBITDA

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EIS Group Competitors

EIS Group competitors include listed companies like CCC Intelligent Solutions, Vitec Software, CorVel and S&P Global, and private ones like DailyPay and Ant Group.

Public and private companies comparable to EIS Group
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CCC Intelligent SolutionsUnited StatesUnited StatesPublicly listed$1.1B$238M$3.9B4.5x
Vitec SoftwareSwedenSwedenPublicly listed$371M$151M$1B3.5x
CorVelUnited StatesUnited StatesPublicly listed$959M$175M$3.6B-
DailyPayUnited StatesNew York City, NYPrivate$235M-$1.8B7.8x
S&P GlobalUnited StatesUnited StatesPublicly listed$15B$7.7B$119B9.1x
Ant GroupChinaHangzhouPrivate$25B-$79B3.2x

EIS Group Public Comps

EIS Group is still privately-owned, but its public comps include S&P Global, Moody's, IQVIA, Constellation Software, Veeva, IDEXX Laboratories, Roper Technologies, GE HealthCare, Fiserv and Verisk Analytics.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
S&P Global$15B$7.7B8.9x9.1x17.6x17.3x
Moody's$7.7B$3.8B11.2x10.6x22.5x20.1x
IQVIA$16B$3.4B3.6x3.4x17.2x14.8x
Constellation Software$12B$2.5B4.0x3.5x18.5x12.9x
Veeva$3.2B$965M11.1x10.2x36.9x22.4x
IDEXX Laboratories$4.3B$1.5B9.5x8.9x27.1x24.9x
Roper Technologies$7.9B$3.2B6.1x5.7x15.2x14.6x
GE HealthCare$21B$3.7B1.8x1.8x10.1x10.0x

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Common questions about EIS Group

When was EIS Group founded?EIS Group was founded in 1999.
Where is EIS Group headquartered?EIS Group is headquartered in San Francisco, CA, United States.
Is EIS Group publicly listed?No, EIS Group is a private, VC-backed company.
How much funding has EIS Group raised?EIS Group has raised $153M across 2 funding rounds.
What was EIS Group's last funding round?EIS Group's last funding round was a $100M undisclosed-stage round in June 2021, led by TPG.
Who are EIS Group's investors?EIS Group's investors include Exigen Capital, Focus Ventures, Greg Shenkman, Lightspeed Venture Partners, TPG and Alec Miloslavsky.
Which companies are comparable to EIS Group?Companies comparable to EIS Group include CCC Intelligent Solutions, Vitec Software, CorVel, DailyPay, S&P Global and Ant Group.
How many companies has EIS Group acquired?EIS Group has acquired 1 company, including Metromile Enterprise.

See companies similar to EIS Group

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