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Boehly’s Eldridge Bets on Accelerant at $2.2 Billion Valuation

  • Insurance startup raises about $193 million in equity funding
  • Eldridge CEO Todd Boehly is joining Accelerant’s board
Jeff Radke
Jeff RadkeSource: Accelerant

An investor group led by Todd Boehly’s Eldridge is backing Accelerant in a transaction that values the insurance-technology startup at $2.2 billion. 

Accelerant raised about $193 million in equity funding from the group, which also includes Deer Park, Marshall Wace, MS&AD Ventures and existing investor Altamont Capital Partners, Accelerant Chief Executive Officer Jeff Radke said in an interview.