Montreal-based Equisoft announced that it has received an investment of 125 million dollars. The total investment the company has received so far has reached 138 million dollars. Equisoft works in the fields of asset management and insurance. The new startup offers services such as insight and software solutions to companies. It serves over 250 companies in 17 countries. The startup has offices in about 9 countries. These countries are Australia, the USA, Canada, Colombia, India, the United Kingdom, South Africa and Chile. The investment received by the Canadian startup is very important. Because the investment environment for insurance technologies is becoming more and more difficult.
The startup focuses on digital transformation of life insurance, asset and wealth management companies. Equisoft, the leading global digital solutions provider for the financial industry, has successfully closed a $125 million equity investment round. The startup received $70 million of the investment from the Quebec government and Investissement Quebect. The rest came from existing long-term investment partners Fondaction and Export Development Canada (EDC).
Equisoft Expands R&D Activities
Equisoft aims to expand internationally with an investment of 125 million dollars. It will also accelerate its R&D efforts. Founded in 1994 by Luis Romeo, the startup pioneers digital transformation in the life insurance industry. It is a leader in both investment and wealth management technologies. With the new investment, the startup will contribute to global expansion through strategic and organic acquisitions. It will also improve the development of wealth products with its integrated life insurance software platform to enhance its services to its global customer base.
Luis Romero, CEO of Equisoft, made important statements about the investment they received. He stated that digital transformation and customer experience projects are not optional. Romero also made important statements about Equisoft’s mission. He emphasized that their company produces reliable solutions to complex financial problems. The customer-focused company has gained the trust of major financial institutions around the world. He also emphasized that they have gained the trust of long-term investors.
“We are excited to welcome the Government of Quebec and Investissement Quebect as new investment partners.” said Luis Romero. With the investments, the company will focus on products, employees and international acquisitions. They also plan to further develop their global footprint. International and local growth fits well with their expansion strategy.