About Fortegra
Fortegra is a company based in Jacksonville (United States) founded in 1978 was acquired by DB Non-life Insurance in September 2025.. Fortegra has raised $200 million across 6 funding rounds from investors including Wells Fargo, Warburg Pincus and Black & Veatch Holding Company. Fortegra has completed 6 acquisitions, including DEFEND INSURANCE GROUP, ITC Compliance and Pacific Benefits Group. Fortegra offers products and services including Specialty Insurance, Credit Protection, Consumer Goods Insurance, and Automotive Premium Finance.
- Headquarter Jacksonville, United States
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$200 M (USD)
in 6 rounds
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Latest Funding Round
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Investors
Wells Fargo
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
DEFEND INSURANCE GROUP
& 5 more
- Acquired by
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Products & Services of Fortegra
Fortegra offers a comprehensive portfolio of products and services, including Specialty Insurance, Credit Protection, Consumer Goods Insurance, and Automotive Premium Finance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Underwrites tailored insurance programs for partners' needs.
Provides protection services for credit-related risks.
Offers insurance solutions for consumer goods sectors.
Finances premiums for automotive insurance products.
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Software Development Team
37 people
Leadership Team
30 people
Finance and Accounting
20 people
Senior Team
13 people
Sales and Marketing
12 people
Product Management Team
11 people
Legal and Compliance
6 people
Account Team
6 people
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Funding Insights of Fortegra
Fortegra has successfully raised a total of $200M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Last Round
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First Round
First Round
(06 Aug 2012)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Private Equity Round - Fortegra | Valuation |
investors |
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| Oct, 2021 | Amount | Private Equity Round - Fortegra | Valuation | Warburg Pincus |
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| Aug, 2020 | Amount | Debt – Conventional - Fortegra | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fortegra
Fortegra has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Wells Fargo, Warburg Pincus and Black & Veatch Holding Company. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location | |
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Diverse financial services and online banking are provided to clients.
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Founded Year | Domain | Location | |
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Provider of engineering, procurement, and construction solutions for power, water, and process industries
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fortegra
Fortegra has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include DEFEND INSURANCE GROUP, ITC Compliance and Pacific Benefits Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Insurance risk management services are provided to clients.
|
2006 | ||||
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Mobile device insurance and protection services are provided.
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2006 | ||||
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Provider of vehicle registration services
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Fortegra
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fortegra Comparisons
Competitors of Fortegra
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fortegra
Frequently Asked Questions about Fortegra
When was Fortegra founded?
Fortegra was founded in 1978 and raised its 1st funding round 34 years after it was founded.
Where is Fortegra located?
Fortegra is headquartered in Jacksonville, United States.
Who is the current CEO of Fortegra?
Richard Kahlbaugh is the current CEO of Fortegra.
Is Fortegra a funded company?
Fortegra is a funded company, having raised a total of $200M across 6 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $200M, raised on Aug 06, 2012.
What does Fortegra do?
Fortegra was founded in 1978 and is headquartered in Jacksonville, United States. Specialty insurance and warranty solutions are offered in the insurance sector. A variety of insurance and related products are underwritten on admitted and non-admitted bases. Programs are tailored for partners needs, with risk management provided for individuals and businesses. Services include credit protection, consumer goods coverage, automotive insurance, and premium finance, emphasizing disciplined underwriting across surplus lines.
What products or services does Fortegra offer?
Fortegra offers Specialty Insurance, Credit Protection, Consumer Goods Insurance, and Automotive Premium Finance.
How many acquisitions has Fortegra made?
Fortegra has made 6 acquisitions, including DEFEND INSURANCE GROUP, ITC Compliance, and Pacific Benefits Group.
Who are Fortegra's investors?
Fortegra has 4 investors. Key investors include Wells Fargo, Warburg Pincus, Black & Veatch Holding Company, and DB Non-life Insurance.