Australia’s Pop Group secures investment from Direct Capital to fuel expansion
Australia-based specialist insurance group Pop Group Holdings has secured its first external strategic minority investment from Direct Capital, a private equity fund. The investment will help the company expand and grow its operations.
Pop comprises specialist M&A and financial lines MGA Fusion Specialty, and dedicated specialty insurtech and M&A tech platform io.insure. Since its launch in 2018, the company has grown in the Asia Pacific, US, UK and European markets.
Killian McDermott, co-founder and co-CEO of Pop, said: “To date, POP has successfully grown without external investment, with an established international footprint, and a unique combination of expert people, sustainable products and strategic partnerships, driven by pioneering M&A Tech and insurtech. Direct Capital‘s proven experience and expertise will be very valuable in our next stage of growth.
David Rogers, co-founder and co-CEO of Pop, added: “We welcome Direct Capital as a key partner, as we continue the development of a global boutique M&A and specialty insurance services group, delivering on our promise of better customer experiences, and increased value through specialist risk protections, higher levels of responsiveness, greater convenience and efficiencies.”
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