This investment has placed Accelerant’s valuation at an impressive $2.4 billion, according to a report by Bloomberg.

This latest funding round comes on the heels of a successful fundraising effort last year when Accelerant secured approximately $190 million at a pre-money valuation of $2 billion. The company, which acts as a bridge between underwriters and capacity providers, has been steadily attracting investors and expanding its operations.

In addition to the funding news, Accelerant Holdings has announced the launch of its Risk Exchange, an innovative platform designed to support specialty underwriters. The Risk Exchange offers a range of services, including access to risk capital from institutional investors and insurance companies, as well as underwriting and portfolio management solutions.

Jeff Radke, the CEO and co-founder of Accelerant, highlighted the importance of the Risk Exchange in empowering Accelerant’s members to pursue diverse opportunities within their markets. He emphasized the platform’s focus on data transparency, robust analytics for underwriting, and long-term capacity solutions. By providing members with access to various capacity providers, along with Accelerant’s own resources, the company aims to ensure that its members never have to worry about securing adequate capacity for their business ventures.

Accelerant’s successful funding round and the launch of the Risk Exchange reflect the company’s commitment to driving innovation in the insurance industry. With its increasing valuation and strategic initiatives, Accelerant is poised to strengthen its position as a leading player in the insurance marketplace, offering enhanced support and resources to underwriters in their pursuit of new opportunities.