Disruptive Capital acquires majority stake in REG for £8m

Following the expansion deal, the GP will hold a majority stake in the business, while the company's founder Michael Phair will retain a 20% stake.

The deal values the business at £20m and will support the company's expansion into international insurance markets, with an initial focus on the US market. It will also enable the business to invest in product development.

Technology companies dedicated to the insurance sector have attracted significant investment from private equity and venture capital players in recent years, with the segment recently being featured by unquote".

In 2017 alone, Octopus Ventures led a £7.5m series-A funding round for niche insurance aggregation platform Bought By Many; Albion Ventures took part in a $3.3m round for banking- and insurance-focused data firm Quantexa; Inflexion Private Equity acquired telematics company MyPolicy in a £40m MBO; and LocalGlobe led a £1.5m funding round for Cuvva.

Previous funding
Disruptive Capital provided REG with start-up capital in 2014.

Company
Founded in 2014, London-headquartered REG is an online platform designed to streamline the checks, processes and data collection required in the insurance sector. The company captures data and applies analytical tools in order to reduce inefficiencies related to due diligence and regulatory compliance in counter-party relationships. The company has around 2,300 clients including insurers and intermediaries.

People
Disruptive Capital Finance – Edi Truell (chairperson).
Regulatory Efficiency Gains – Michael Phair (founder, CEO).

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