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FirstBest

FirstBest?uq=kzBhZRuG
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.

Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Primary Industry
Property and Casualty Insurance
Other Industries
Financial Software
Other Financial Services
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
To view this company’s complete deal history including valuation and funding, request access »

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%
To view this company’s complete Cap Table, request access »

FirstBest Former Investors (6)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Eastward Capital Partners Lender/Debt Provider 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 PE/Buyout Minority 000 0000 000000 0
Pilot Growth Equity Venture Capital Minority 000 0000 000000 0
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FirstBest Executive Team (12)

Name Title Board
Seat
Contact
Info
John Belizaire Co-Founder, Chief Executive Officer and Board Member
Joseph Pilkerton Co-Founder, Board Member & Chief Operating Officer
Julian Pelenur Co-Founder & Chief Technology Officer
Paul Cummings Vice President, Engineering
Ellenmarie Rhone Vice President, Human Resources

3 Former Executives

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FirstBest Board Members (7)

Name Representing Role Since Contact
Info
John Belizaire FirstBest 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

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