Tinubu, a leading provider of cloud-based enterprise software for the specialty insurance industry, has raised $45m in growth capital to fuel its product innovation and global expansion.
The investment round was led by Morgan Stanley Expansion Capital, with continued backing from long-term partner Long Arc Capital. The fresh capital is set to advance Tinubu’s strategic ambitions, including deeper penetration into new specialty lines and the enhancement of its digital platform capabilities.
Tinubu offers a suite of software products tailored for the specialty insurance sector. Its cloud-native solutions support operations across the entire insurance lifecycle—spanning underwriting, policy administration, claims, and distribution. The firm is particularly known for its focus on niche insurance lines, including trade credit, surety, cyber, accident & health, marine, and aviation.
The newly secured funds will be directed towards accelerating Tinubu’s R&D efforts, enabling the company to deliver highly configurable and scalable solutions that meet the bespoke needs of specialty carriers. Tinubu’s approach embraces AI and no-code platforms to modernise how insurers operate and scale globally.
In parallel with the investment, Tinubu has completed its acquisition of Innoveo, a no-code enterprise software provider. The move strengthens Tinubu’s value proposition by integrating Innoveo’s highly configurable technology, further reinforcing its leadership in specialty insurance software.
The company now supports nearly 50 insurance carriers and over 150 agencies across five continents. Its global operations span key cities including Paris, New York, Orlando, Zurich, Budapest, Bangalore, and Singapore.
Tinubu CEO Morgan Franc said, “This is a transformative moment for Tinubu and we are thrilled to officially welcome both Morgan Stanley Expansion Capital and Innoveo to the Tinubu family.
“Together, we are investing significantly in our product suite to create a leading software provider enabling the digital transformation of specialty insurance. With this capital raise, we are now exceptionally well-positioned to deliver broader capabilities and bring even more value to our customers globally.”
Morgan Stanley Expansion Capital executive director Nick Nocito said, “We believe the Tinubu platform today is already best-in-class in delivering a robust and purpose-built solution for managing and scaling specialty lines.
“We are excited to see this leading position strengthened with growth capital, and now with the addition of Innoveo’s highly configurable and complementary solution set.”
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