LegacyShield Overview
- Year Founded
-
2014
- Status
-
Acquired/Merged
- Employees
-
16
- Latest Deal Type
-
M&A
LegacyShield General Information
Description
Developer of an online platform designed to store life insurance policies and other financial assets. The company's platform focuses on assisting the life insurance industry to grow through client connectivity and digital distribution, enabling clients to organize, categorize and manage their information from anywhere, at any time.
Contact Information
Website
www.legacyshield.com(Operating Subsidiary)
Corporate Office
- One Linscott Road
- Woburn, MA 01801
- United States
Corporate Office
- One Linscott Road
- Woburn, MA 01801
- United States
LegacyShield Valuation & Funding
Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
---|---|---|---|---|---|---|
4. Merger/Acquisition | 04-Aug-2021 | 000 | Completed | Generating Revenue | ||
3. Debt - PPP | 13-Apr-2020 | 00000 | 000 | Completed | Generating Revenue | |
2. Early Stage VC (Series A) | 03-May-2018 | $6M | $6M | 0000 | Completed | Generating Revenue |
1. Mezzanine | Completed | Startup |
LegacyShield Cap Table
Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
---|---|---|---|---|---|---|---|---|
Series A3 | 000,000 | 00.000000 | 00.0 | 00.0 | 00 | 00.0 | 00 | |
Series A2 | 0,000,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 00.000 | |
Series A1 | 4,487,180 | $0.000100 | $0.78 | $0.78 | 1x | $0.78 | 25% |
LegacyShield Comparisons
Industry
Financing
Details
LegacyShield Competitors (9)
Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
---|---|---|---|---|---|---|
Bindable | Private Equity-Backed | Boston, MA | 00 | 0000000 0000 | ||
Sure | Venture Capital-Backed | New York, NY | 000 | 00000 | 000000 - 000 | 00000 |
Benefix | Venture Capital-Backed | Lancaster, PA | 00 | 000.00 | 000000000000 | 000.00 |
Insuresoft | Corporate Backed or Acquired | Tuscaloosa, AL | 000 | 000000&0 | ||
Simplesurance | Formerly VC-backed | Berlin, Germany | 000 | 000.00 | 000000&0 | 000.00 |
LegacyShield Executive Team (7)
Name | Title | Board Seat |
---|---|---|
Thomas Aakhus | Co-Founder |
LegacyShield Signals
LegacyShield Former Investors (2)
Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
---|---|---|---|---|
DelMorgan & Co. | Investment Bank | Minority | 000 0000 | 000000 0 |
FINTOP Capital | Venture Capital | Minority | 000 0000 | 000000 0 |
LegacyShield FAQs
-
When was LegacyShield founded?
LegacyShield was founded in 2014.
-
Who is the founder of LegacyShield?
Daniel Pierson and Thomas Aakhus are the founders of LegacyShield.
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Where is LegacyShield headquartered?
LegacyShield is headquartered in Woburn, MA.
-
What is the size of LegacyShield?
LegacyShield has 16 total employees.
-
What industry is LegacyShield in?
LegacyShield’s primary industry is Financial Software.
-
Is LegacyShield a private or public company?
LegacyShield is a Private company.
-
What is LegacyShield’s current revenue?
The current revenue for LegacyShield is 000000.
-
How much funding has LegacyShield raised over time?
LegacyShield has raised $6M.
-
Who are LegacyShield’s investors?
DelMorgan & Co. and FINTOP Capital have invested in LegacyShield.
-
Who are LegacyShield’s competitors?
Bindable, Sure, Benefix, Insuresoft, and Simplesurance are some of the 9 competitors of LegacyShield.
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When was LegacyShield acquired?
LegacyShield was acquired on 04-Aug-2021.
-
Who acquired LegacyShield?
LegacyShield was acquired by The Savings Bank Mutual Life Insurance Company of Massachusetts.
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