FirstBest
2006
FOUNDED
M&A
STATUS
51-60
EMPLOYEES
M&A
LATEST DEAL TYPE
$34M
LATEST DEAL AMOUNT
Description
Provider of underwriting management software to property & casualty insurers. The company provides insurance software and services that help property & casualty insurance companies to improve underwriting profitability, scale their business and achieve high service levels with agents and brokers.
Primary Industry
Property and Casualty Insurance
Other Industries
Other Financial Services
Financial Software
Acquirer
Primary Office
- 213 Burlington Road
- Bedford, MA 01730
- United States
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FirstBest Valuation and Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 6. Merger/Acquisition | 04-Aug-2016 | $34M | 000.00 | 0000 | Completed | Generating Revenue |
| 5. Later Stage VC (Series C1) | 16-Jan-2014 | 00.000 | 000.00 | 000.00 | Completed | Generating Revenue |
| 4. Later Stage VC (Series C) | 03-Apr-2012 | 000.00 | 0000 | 0000 | Completed | Generating Revenue |
| 3. Early Stage VC (Series B) | 24-Mar-2009 | 000 | 000.00 | 0000 | Completed | Startup |
| 2. Early Stage VC (Series A1) | 13-Nov-2007 | $7M | $9.3M | 0000 | Completed | Startup |
| 1. Early Stage VC (Series A) | 17-Aug-2007 | $2.3M | $2.3M | 000.00 | Completed | Startup |
FirstBest Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price |
% Owned |
|---|---|---|---|---|---|---|---|---|
| Series C1 | 0,000,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 00.000 | |
| Series C | 0,000,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 00.00 | |
| Series B | 0,000,000 | 00.000000 | 00 | 00.00 | 00.00 | 00 | 00.00 | 00.000 |
| Series A1 | 4,098,273 | $0.000010 | 8% | $1.74 | $1.74 | 1x | $1.74 | 14.27% |
| Series A | 1,916,668 | $0.000010 | $1.2 | $1.2 | 1x | $1.2 | 6.68% |
FirstBest Competitors (8)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| eBaoTech | Private Equity-Backed | Shanghai, China | 0000 | 0000 | 0000000 0000 | 0000 |
| 0000 00000 0000000 | Private Equity-Backed | Boston, MA | 0000 | 000.00 | 000000000000 | |
| 000000 | Private Equity-Backed | Milwaukee, WI | 0000 | 000000000 | 0000 | |
| 0000000 0000000 | Private Equity-Backed | University Park, IL | 0000 | 00.000 | 00000000. 00 | 00.000 |
| 0000-000 | Private Equity-Backed | Tampa, FL | 00 | 0000 | 0000000 0000 | 0000 |
FirstBest Former Investors (6)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Board Seat |
Contact Info |
|---|---|---|---|---|---|---|
| Eastward Capital Partners | Venture Capital | Minority | 000 0000 | 000000 0 | ||
| Flybridge Capital Partners | Venture Capital | Minority | 000 0000 | 000000 0 | ||
| NewSpring Capital | Growth/Expansion | Minority | 000 0000 | 000000 0 | ||
| NextStage AM | Asset Manager | Minority | 000 0000 | 000000 0 | ||
| Pilot Growth Equity | Venture Capital | Minority | 000 0000 | 000000 0 |
FirstBest Executive Team (12)
4 Former Executives
You’re viewing 5 of 12 executives. Get the full list »FirstBest Board Members (7)
| Name | Representing | Role | Since | Contact Info |
|---|---|---|---|---|
| John Belizaire | Self | Co-Founder, Chief Executive Officer and Board Member | 000 0000 | |
| John Chu | Self | Board Member | 000 0000 | |
| Michael Roe | Self | Board Member | 000 0000 | |
| Neil Spector | FirstBest | Board Member | 000 0000 |
3 Former Board Members
You’re viewing 4 of 7 board members. Get the full list »