Private equity investor LDC has made a significant investment in Uinsure, a rapidly expanding InsurTech business.
The investment from LDC is aimed at supporting Uinsure’s ambitious growth strategy. Over the past decade, Uinsure has achieved impressive compound annual revenue growth of 27%.
With LDC’s backing, the company plans to further increase its market share, expand into new markets, and strengthen partnerships with intermediaries, building societies, and banks.
Uinsure has been heavily investing in its technological capabilities, including new API integrations, enhancements to customer experience, and the development of a new pricing engine. These efforts have enabled the company to offer innovative digital-first insurance solutions, disrupting the traditional insurance landscape.
The Manchester-based company has doubled its technology team’s size in the last two years and has received twelve industry awards for its UinsureCX product. This product tracks an individual’s mortgage progress and provides tailored communications at key moments in the mortgage cycle.
Aziz Ul-Haq, Partner at LDC in the North West, added: “Uinsure’s recent large-scale investment in its technology means it is perfectly placed to serve its target market by offering a digital-first solution with a competitive edge. It has a highly experienced and incredibly ambitious management team whose offering has disrupted the industry and revolutionised the market. We’re looking forward to working with them to help it grow further.”
LDC has a strong track record in the technology sector, having invested over £650m in more than 35 technology businesses since 2012. The transaction was advised by GP Bullhound, Eversheds Sutherland, Deloitte, DLA Piper, KPMG, and L.
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