DLA Piper advises insurtech company EIS in US$100 million growth investment from TPG
DLA Piper represented EIS, a core and digital platform provider for insurers, in a growth investment of more than US$100 million from TPG, a global alternative asset firm.
Founded in 2008, EIS is an insurance software company with an open, flexible platform of core systems and digital solutions that allow insurers to accelerate and scale innovation, launch products faster, deliver new revenue channels and create powerful customer experiences. The new funding will be used to continue to accelerate product development across the spectrum of risk, health and wealth, and to support geographic expansion.
“We were pleased to advise EIS on this investment, utilizing our strong understanding of the insurtech industry and our extensive experience advising emerging growth companies on complex transactions to achieve a successful outcome. This funding will allow EIS to continue expanding on its innovative platform to help insurers operate even more effectively,” said Curtis Mo, the DLA Piper partner who led the firm’s deal team.
In addition to Mo (Silicon Valley), the DLA Piper team representing EIS included partners Paolo Morante (New York) and Anil Kalia (Silicon Valley) and associate Anton Ziajka (Silicon Valley).
DLA Piper’s Emerging Growth and Venture Capital practice includes more than 200 lawyers in the US who provide strategic counsel to emerging companies in high-growth industries, including insurance, biotech, manufacturing, communications, software and semiconductors. Over the last three years, DLA Piper has completed more than 2,100 financings totaling over US$31 billion.
DLA Piper's global Technology sector lawyers work across practice areas and offices to support technology clients – from startups to fast-growing and mid-market businesses to mature global enterprises – doing business around the world.