Reports confirm that Reg UK (REG), the provider of a range of risk management and data analytics solutions to insurance intermediaries worldwide, has recently completed a GBP2.4 million round of funding. The additional capital will further allow investments in the platform, systems, and people to reinforce the accelerating growth trajectory of the company in the UK as well as internationally.
Apparently, as a part of the funding round, Disruptive Capital Finance built up on its existing investment with additional equity capital, whereas Shawbrook, a retail and commercial bank in the United Kingdom, has arranged a debt facility.
Sources familiar with the matter informed that Disruptive Capital Finance comes under the family office of the Truell family and represents their private equity investment vehicle, in which they own the majority assets. The track record of Edi Truell stands at a 28% net IRR p.a. through all 51 platform deals from last 25 years.
Gaining positive returns in all three, five- and ten-year rolling period, it has shown a remarkable sense of risk management, along with building, buying, and transforming private companies to become market leaders globally.
Seemingly, Reg UK aims to become the go-to solution for intermediaries and insurers looking to simplify management and compliance processes between brokers, insurers, and customers. With clients across the country and several international markets including Lloyds, ageas, GRP, and PIB Group, Reg UK continues to show excellent growth potential as part of the UK InsurTech sector.
According to founder of Disruptive Capital Finance, Edi Truell, Reg UK has an appealing and market leading position in this fast-growing sector. The company is looking forward to actively support its continued success.
CEO of Reg UK, Michael Phair stated that this facility provides scope for more growth and apart from this, it would also be a validation of what company has already achieved.
Source Credit: https://www.privateequitywire.co.uk/2019/05/30/276129/disruptive-capital-backed-reg-uk-completes-gbp24m-funding-round