Bregal Sagemount and FTV Capital Investment in Neptune Flood

On 5/11/2023, Bregal Sagemount and FTV Capital announced they have made a strategic investment in Neptune Flood

Neptune Flood is an AI driven insurance company specializing in providing flood insurance solutions for residential and commercial properties

• Founded to change the way consumers and businesses think about and buy flood, and now, parametric earthquake insurance
• Neptune Flood is backed by top-rated insurance carriers, ensuring that their customers receive reliable financial protection in the event of a flood
• Neptune Flood uses AI-driven technology to make it fast and easy for consumers to buy, and agents to sell, insurance
• Neptune uses mapping technologies, and aerial remote sensing, to create a sophisticated algorithm to help predict risk, and mitigate future losses

Bregal Sagemount is a leading growth-focused private capital firm with more than $6.5 billion of capital raised

• The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a variety of transaction situations
• Bregal Sagemount has invested in over 70 companies in a variety of sectors, including:
• Financial services, software, information / data services, digital infrastructure, healthcare IT, and business & consumer services
• The company was founded in 2012 and has offices in New York, Dallas, and Palo Alto

FTV Capital is a sector-focused growth equity investment firm that has raised $6.2 billion to invest in high-growth companies

• FTV offers a range of innovative solutions in three sectors: enterprise technology and services, financial services, and payments and transaction processing
• Founded in 1998, FTV Capital has invested in 137 portfolio companies and has offices in San Francisco, New York, and Connecticut

HTCMA acted as financial advisor to Bregal Sagemount and FTV Capital; key roles and responsibilities included:

• Conducting commercial due diligence on Neptune’s business and offering in-depth analysis on the Flood insurance market
• Assisting in a detailed review of Neptune’s capacity providers and providing (re)insurance market insights into the Flood market
• Evaluating potential risk alternatives for the go-forward business
• Providing objective advice and acting as a confidant to Sagemount and FTV