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- SageSure
SageSure Valuation, Funding & Investors
SageSure is valued at $1B as of May 2023.
Last SageSure valuation
$1B
Undisclosed stage · May 2023
Last SageSure funding round
$250M
Undisclosed stage · May 2023
Cumulative funding SageSure raised
$250M
across 1 funding round
Key investors in SageSure
Ares Management
AmWINS
Barings BDC
Flexpoint Ford
Lexington Partners
Round2 Investment Partners
About SageSure
SageSure is a San Juan Capistrano-headquartered managing general underwriter offering property insurance products for catastrophe-prone homeowners and small businesses in states including Florida, California, and Texas. Coverage options encompass coastal windstorm, earthquake, flood, and dwelling fire policies issued through partnerships with AM Best- and Demotech-rated carriers. Agents access real-time quoting, policy binding, document management, and servicing via a proprietary digital platform and API, with the Expanded Markets program addressing high-risk properties.
Founded
2009
HQ
Website
Status
Privately held
Customer focus
B2C & B2B
Revenue model
Product sales
Valuation
$1B (May 2023)
Sectors
SageSure Valuation
SageSure is currently valued at $1B, based on its undisclosed-stage round in May 2023.
The $250M round was led by AmWINS and Flexpoint Ford, with participation from Ares Management.
SageSure valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2023 | Undisclosed stage | $1B |
SageSure Funding History
SageSure has raised a total of $250M across 1 funding round, plus 1 secondary share sale.
SageSure funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2026 | Secondary | Lexington Partners (lead); Barings BDC; Round2 Investment Partners | $460M | - | Flexpoint Ford closed a single-asset continuation vehicle for SageSure LLC with total commitments exceeding $460 million, effective June 1st, 2026. The transaction was led by Lexington Partners, with participation from Barings and Round2 Investment Partners, alongside commitments from Flexpoint as the General Partner and rollover investors maintaining their positions. This GP-led secondary deal provides existing Flexpoint LPs a clean choice to realize liquidity at current valuations or roll into the new vehicle alongside fresh institutional capital, re-capitalizing ownership while bringing in Lexington's conviction and Barings' credit expertise. SageSure, founded in 2009, is one of the largest managing general underwriters in the United States specializing in catastrophe-exposed residential and commercial property markets, reporting $3.2 billion in written premium. The company previously secured $250 million in capital through its SageSure-sponsored sidecar platform in less than a year, including $200 million from Seawall Re II Ltd., and Flexpoint first invested in SageSure in May 2023. |
| May 2023 | Undisclosed stage | AmWINS (lead); Flexpoint Ford (lead); Ares Management | $250M | $1B | SageSure is an independent managing general underwriter (MGU) specializing in catastrophe-exposed property insurance, providing underwriting capacity to carrier partners and producers in challenging markets. On May 16, 2023, it closed a $250 million equity investment led by Amwins and Flexpoint Ford, with participation from Ares Management Corporation. The transaction partially recapitalized long-term minority stakeholders and introduced strategic and financial investors, with Amwins and Flexpoint each appointing a board representative. The funding supports SageSure's capital-efficient growth strategy, enabling it to surpass $1 billion in inforce premium and expand underwriting capacity for catastrophe-exposed property risks. Over the prior two years, SageSure had raised more than $700 million in equity and debt from institutions including Ares Management, Citizens Financial Group, and Wintrust Financial. CEO Terrence McLean highlighted the partners' support for the business model protecting American properties in tough markets. Amwins CEO Scott Purviance praised SageSure's exceptional business, technology platform, and efforts to build capacity and distribution. Flexpoint Ford Managing Director Dominic Hood emphasized SageSure's superior risk selection, strong underwriting results, and alignment with their history of investing in property and casualty platforms. Legal and financial advisors included Shipman & Goodwin for SageSure, Robinson Bradshaw for Amwins, and Waller Helms Advisors and Kirkland & Ellis for Flexpoint. |
Who has invested in SageSure?
6 investors have backed SageSure across its funding rounds, including Ares Management, AmWINS, Barings BDC, Flexpoint Ford, Lexington Partners and Round2 Investment Partners.
Lead investors include Lexington Partners, AmWINS and Flexpoint Ford.
SageSure Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Jun 2026 | ||
| 1 | Lead | May 2023 | ||
| 1 | Lead | Jun 2026 | ||
| 1 | Participant | Jun 2026 | ||
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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 TrialAcquisitions by SageSure
SageSure has acquired 2 companies to date.
Last acquisition by SageSure was on September 10th 2025. SageSure acquired Olympus Insurance for undisclosed valuation.
Latest Acquisitions by SageSure
| Description | Olympus Insurance is a Boca Raton, Florida-headquartered carrier specializing in residential property coverage. The company insures single-family homes, condos, rentals, and personal belongings against windstorm, hurricane, and flood risks in Florida and Texas. Licensed in 15 states, Olympus partners with independent agents for policies backed by reinsurers like Swiss Re. | GeoVera Advantage Insurance Services is a Fairfield-headquartered carrier founded in 1997 that underwrites homeowners, earthquake, and flood policies for properties in high-risk zones across California, Oregon, Washington, and Nevada. It partners with independent agents to offer dwelling coverage up to $3 million with endorsements for wildland fire and seismic perils. GeoVera Advantage maintains an A rating from Demotech for financial stability and claims processing. |
| HQ Country | ||
| HQ City | West Palm Beach, FL | Bridgeport, CT |
| Deal Date | 10 Sep 2025 | 9 Apr 2024 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all SageSure acquisitions and their M&A valuation multiples. Start Free Trial | ||
Investments by SageSure
SageSure has invested in 1 company to date.
Latest investment by SageSure was on July 27th 2022. SageSure invested in RoofMarketplace in their $5M Series A round.
Latest Investments by SageSure
| Description | RoofMarketplace is a digital marketplace connecting insurance carriers with vetted roofing contractors for efficient claim resolutions. The platform delivers transparent bidding, cost comparisons, and homeowner access to qualified professionals, streamlining roof replacements post-disaster. |
| HQ Country | |
| HQ City | Madison, WI |
| Deal Date | 27 Jul 2022 |
| Round | Series A |
| Raised | $5M |
| Investors | Sandalphon Capital; Rock River Capital; Room & Pillar |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all SageSure investments and their VC round multiples. Start Free Trial | |
SageSure Competitors
SageSure competitors include listed companies like Sagicor Group Jamaica and Anadolu Hayat Emeklilik, and private ones like Acko, Baobab, Clearcover and Reserv.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $303M | - | $1B | 3.3x | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $558M | $153M | $1B | - | ||
| Publicly listed | $769M | $170M | $956M | 1.5x |
SageSure Public Comps
SageSure is still privately-owned, but its public comps include Sagicor Group Jamaica, Anadolu Hayat Emeklilik, Helia Group, Heritage Insurance, International General Insurance, Anadolu Sigorta, John Hancock, Capricorn Group, Chesnara and AgeSA.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $558M | $153M | 1.8x | - | 6.7x | - | |||
| $769M | $170M | 1.1x | 1.5x | 4.9x | - | |||
| $288M | $268M | 3.5x | 4.7x | 3.7x | - | |||
| $774M | $282M | 0.7x | 0.6x | 2.0x | - | |||
| $525M | $131M | 1.7x | 1.8x | 6.7x | - | |||
| $1.9B | $361M | 0.2x | 0.1x | 0.8x | - | |||
| $106M | - | 12.5x | - | - | - | |||
| $342M | - | 2.6x | - | - | - | |||
This data is available for Pro users. Sign up to see all SageSure competitors and their valuation data. Start Free Trial | ||||||||
Common questions about SageSure
| When was SageSure founded? | SageSure was founded in 2009. |
| Where is SageSure headquartered? | SageSure is headquartered in Jersey City, NJ, United States. |
| Is SageSure publicly listed? | No, SageSure is a private, VC-backed company. |
| What is SageSure's valuation? | SageSure was last valued at $1B in its undisclosed-stage round in May 2023. |
| How much funding has SageSure raised? | SageSure has raised $250M across 1 funding round. |
| What was SageSure's last funding round? | SageSure's last funding round was a $250M undisclosed-stage round in May 2023, led by AmWINS and Flexpoint Ford. |
| Who are SageSure's investors? | SageSure's investors include Barings BDC, Flexpoint Ford, Lexington Partners, Round2 Investment Partners, Ares Management and AmWINS. |
| Which companies are comparable to SageSure? | Companies comparable to SageSure include Acko, Baobab, Clearcover, Reserv, Sagicor Group Jamaica and Anadolu Hayat Emeklilik. |
| How many companies has SageSure acquired? | SageSure has acquired 2 companies, including Olympus Insurance and GeoVera Advantage Insurance Services. |
| How many companies has SageSure invested in? | SageSure has invested in 1 company, including RoofMarketplace. |
| What was SageSure's last investment? | In July 2022, SageSure invested in RoofMarketplace's $5M Series A alongside Sandalphon Capital, Rock River Capital and Room & Pillar. |
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