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Thomas H. Lee Partners Announces Growth Investment In Carpe Data

Apr 11, 2022•about 3 years ago
Boston

Description

Thomas H. Lee Partners, L.P. (“THL”), a premier private equity firm investing in middle market growth companies, today announced that it has made a strategic growth investment in Carpe Data (“the Company”), a provider of innovative emerging and alternative data products for the insurance industry. With the investment, THL will become the majority shareholder of Carpe Data

Company Information

Company

Carpe Data

Location

Boston, Massachusetts, United States

About

Carpe Data is the next-generation data company for insurance, transforming emerging data into predictive and actionable insights that enable automation and improve insurance outcomes across the policy lifecycle. Already well known for its claims automation technology, Carpe Data also provides small commercial insurers with advanced classification, risk characteristics, and predictive scores for more than 45 million businesses across the United States. Based in Santa Barbara, Carpe Data employs nearly 150 people across the US, UK, and Portugal who are committed to helping insurers achieve peak efficiency while supporting superior claims and underwriting experiences.