Portfolio News| March 2018
Origami Risk Receives Growth Investment from Spectrum Equity
Chicago, IL – Origami Risk, the industry leading risk and insurance Software as a Service (SaaS) technology firm, announced today that it has received an investment from Spectrum Equity, a leading growth equity firm. Representing a minority position, this is the first institutional capital in the company, which will facilitate access to additional insights and resources, as well as the ability to selectively pursue accretive acquisitions.
Origami Risk has grown to become the preeminent risk and insurance technology platform serving all members of the risk management community from insured corporate and public entities, to insurance carriers, brokers, TPA’s and risk consultants. The company provides an integrated platform of products including RMIS, GRC, Claims, Safety, Analytics, Underwriting and Data Tools. Origami Risk has the most experienced team in the RMIS industry, ensuring that client service and success is the central focus of each engagement. The company is led by CEO and Co-Founder Robert Petrie, who is an industry veteran and thought leader with over 20 years of operating experience.
“We are excited to partner with Spectrum Equity and look forward to leveraging Spectrum’s expertise with SaaS businesses and domain knowledge of risk and information services sectors,” said Robert Petrie, CEO of Origami Risk. “Our singular focus on client success will continue to drive our innovation and business model, which has always centered on delivering the best available technology and deeply skilled experts in order to help our customers meet their business objectives.”
Mike Farrell, Spectrum Equity Managing Director, said, “The Origami Risk management team has built an innovative, high growth business, and we have been continuously impressed with their accomplishments while getting to know them over the last five years. We are thrilled to support the team as they continue to invest in the industry’s leading RMIS platform and provide strategic insights to help achieve the company’s vision of continued leadership in risk and insurance technology.”
Financial terms of the transaction were not disclosed.
About Origami Risk
Origami Risk LLC was founded by industry veterans committed to designing intuitive web-based software that streamlines how risk, insurance and claims data is collected, analyzed and shared—ultimately helping users to be more productive and manage the total cost of risk for their organizations or for their clients. Origami Risk is consistently ranked by users as the top RMIS provider by users, as well as independent third parties. To learn more about Origami Risk, visit www.origamirisk.com, or contact Origami at info@origamirisk.com.
Content contained in this blog post is not intended to and does not constitute investment advice. Your use of the information in this blog post and materials linked is at your own risk. Spectrum Equity does not make any guarantee or other promise as to any results that may be obtained from using this content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. Past performance is not indicative of future results, and there is a possibility of loss in connection with an investment in any Spectrum Fund. To the maximum extent permitted by law, Spectrum Equity disclaims any and all liability in the event any information, commentary, analysis, and/or opinions prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses. The specific companies identified above does not represent all of Spectrum’s investments, and no assumptions should be made that any investments identified were or will be profitable.