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iA's invests in Policygenius Inc.

Date Closed

March 17, 2022

Lead Office

Québec City

On March 17, 2022, , Policygenius Inc. announced an investment by iA Financial Group ("iA) in Series E preferred shares of Policygenius Inc. in a US$125 million investment round led by KKR, Norwest Venture Partners, and Revolution Ventures. New investors included several of the largest annuity and life insurance carriers in North America, like Brighthouse Financial, Global Atlantic Financial Group, Lincoln Financial, and Pacific Life.

iA offers financial services tailored to the needs of individuals and businesses: insurance, savings, retirement and loans.

Policygenius Inc. is a U.S. independent insurance broker offering an online insurance marketplace. 

McCarthy Tétrault LLP's, assisted iA with a team led by Charles-Antoine Souliere that included Alexandre Saulnier-Marceau (Business).