Tinubu Secures $45 Million to Accelerate Global Leadership in Specialty Insurance SaaS
Tinubu Secures $45 Million to Accelerate Global Leadership in Specialty Insurance SaaS
Tinubu, a global leader in cloud-based software solutions for the specialty insurance industry, announced today that it has raised $45 million in growth capital to fuel its next phase of innovation and international expansion.

The round was led by Morgan Stanley Expansion Capital, marking a significant investment in the future of AI-driven digital transformation across specialty lines. Alongside the funding announcement, Tinubu also confirmed the successful closing of its previously announced acquisition of Innoveo, a no-code enterprise software company. The acquisition strengthens Tinubu’s ability to offer highly configurable, end-to-end solutions to insurers, MGAs, brokers, and reinsurers across specialty lines, including Trade Credit, Surety, Cyber, Marine, Aviation, and Accident & Health.

“This is a transformative moment for Tinubu,” said Morgan Franc, CEO of Tinubu. “With the addition of Innoveo’s no-code technology and the support of Morgan Stanley Expansion Capital, we are doubling down on our mission to become the global leader in software for specialty insurance. Together, we will bring even more value to our customers worldwide.”

Tinubu’s expanded capabilities now serve more than 45 carriers and 150+ agencies across five continents. With global hubs in Paris, New York, Orlando, Zurich, Budapest, Bangalore, and Singapore, the company is positioned to deliver local expertise with global scale. “We believe Tinubu’s platform is already best-in-class for managing and scaling specialty lines,” said Nick Nocito, Executive Director at Morgan Stanley Expansion Capital. “We’re excited to help accelerate Tinubu’s growth as it deepens its market leadership and enhances its capabilities through the addition of Innoveo.”

The new capital will be used to accelerate research and development, expand Tinubu’s reach into new specialty lines, and further invest in its flexible, cloud-native SaaS platform. The company’s vision is to provide scalable, configurable software tailored to the unique needs of specialty carriers—where one-size-fits-all solutions don’t apply. “Evolving our product suite with no-code agility and AI-powered functionality is key to delivering business value at scale,” added Vinod Kachroo, CEO of Innoveo. “Together with Tinubu, we will accelerate our shared vision to digitally empower the specialty insurance ecosystem.”

The raise was supported by Long Arc Capital, Tinubu’s long-time investor and growth partner, reinforcing confidence in the company’s leadership and market opportunity. “The combination of Tinubu and Innoveo brings together two of the strongest software platforms in specialty lines,” said Gaurav Bhandari, Managing Partner at Long Arc Capital. “This positions the company among the largest global providers in this space, with an unmatched range of solutions.”

With this milestone, Tinubu strengthens its trajectory as a global SaaS powerhouse in specialty insurance, focused on delivering innovative solutions to help clients transform operations, scale efficiently, and stay ahead of evolving market demands.

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