-19%

est. 2Y upside i

InsurTechSeries D+

Modern insurance brokerage.

Rank

#2717

Sector

InsurTech

Est. Liquidity

~0Y

Data Quality

Data: Medium

Given the recent acquisition by WTW at $1.3B, the effective entry valuation of $2.2B from secondary market is above the acquisition price, leading to expected negative return.

Last updated: July 3, 2026

Bull (10%)+31%

Exit multiple expands to 8x driven by IPO or acquisition premium, yielding exit value of $3.06B, but diluted to 31.4% upside.

Base (45%)-10%

Exit multiple converges to ~5x, exit value $1.92B, diluted to -10.4% upside.

Bear (45%)-38%

Multiple compresses to 3x due to intense competition from incumbents, exit $1.15B, diluted to -38.2%.

Est. time to liquidity~0.0 years

Preference Stack Risk

moderate

Funding Intensity

1418%

Total funding of $312M represents 14.2% of valuation, so preference overhang is moderate.

Dilution Risk

high

No recent round since 2022; likely need to raise capital, causing ~20% dilution.

Secondary Liquidity

active

Secondary trades imply $2.2B valuation, indicating active secondary market.

Business Insurance — 8 roles

Total Rewards — 4 roles

Executive Risk Solutions — 2 roles

View all 14 open roles at Newfront →

Last updated: February 22, 2026

Questions to Ask at the Interview

Strategic questions based on Newfront's data — designed to show you've done your homework.

  • 1

    “How does the WTW acquisition affect the company's competitive position?”

  • 2

    “What is the retention rate and how does technology reduce churn?”

  • 3

    “Given the acquisition, what is the equity liquidity timeline?”

Community

Valuation Sentiment

Our model estimates -19% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.