About Midwest Holding
Midwest Holding is a publicly listed company based in Lincoln (United States) founded in 2003, and was acquired by Antarctica Capital in December 2023. Life insurance carrier services are provided by Midwest Holding. Midwest Holding has raised $388 thousand across 3 funding rounds from investors including Antarctica Capital and Vespoint. The company has 93 employees. Midwest Holding has completed 1 acquisition, including Powerscourt Hotel. Its chief executive, as recorded, is Georgette Nicholas. Midwest Holding offers products and services including m.pas, American Life, Seneca Re, and 1505 Capital. Its focus areas include Insurance Carriers and Life. Its legal entity is Midwest Holding LLC. Its competitors include John Hancock, Western & Southern Financial Group and Nassau Financial Group; 1 of its 3 listed competitors has raised funding.
Company details
Midwest Holding was established in 2003 in Lincoln, United States, as a life insurance carrier. Operations are centered on offering life insurance products within the insurance sector. Services include policy issuance and management for policyholders across the region. Leadership is provided by Georgette Nicholas as President CEO and Michael Salem as CEO, with activities focused on standard insurance practices in the domestic market.
- Headquarters Lincoln, United States
- Employees 93
- Stage Public
- SectorsFinancial Services
- Phone•••• ••••
- Website midwestholding.com
- Social LinkedIn
- Acquired by Antarctica Capital (Dec 2023)
- Legal Name Midwest Holding Llc
- Annual Revenue$30.05 M (USD)as on Dec 31, 2022
- Net Profit$7.14 M (USD)143as on Dec 31, 2022
- EBITDA-$5.17 M (USD)-51as on Dec 31, 2016
- Total Equity Funding$388K (USD)
in 3 rounds
- Latest Funding Round$15.18M (USD), Post-IPO
May 2020
- InvestorsAntarctica Capital
& 1 more
- Employee Count93
- Investments & Acquisitions
- Acquired byAntarctica Capital
(Dec 2023)
Products & Services of Midwest Holding
Midwest Holding offers a comprehensive portfolio of products and services, including m.pas, American Life, Seneca Re, and 1505 Capital.
Cloud-based system for efficient policy management and innovation.
Offers life and annuity products with modern technology integration.
Provides reinsurance and risk-management solutions for insurers.
Delivers investment management and advisory for insurance assets.
Funding Insights of Midwest Holding
Midwest Holding has successfully raised a total of $388K across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $15.18 million completed in May 2020. 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 $388,000
- Total Rounds 3
- Last Round Post-IPO — $15.18M
- First Round $388,000
(Jun 2014)
- Investors Count 1
All 3 funding rounds of Midwest Holding with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2020 | $15.18M | Post-IPO | – | – | – |
| Jul 2018 | Post-IPO | – | – | ||
| Jun 2014 | $388,000 | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in Midwest Holding
Midwest Holding has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include Antarctica Capital and Vespoint.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in private markets, real assets, and sustainability strategies by an international firm. | 2010 | antarcticacapital.com | New York, United States | |
Offers annuities and reinsurance services for financial stability. | 2018 | vespointllc.com | Mount Kisco, United States |
Investor details for Midwest Holding
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People of Midwest Holding
2 people are tracked at Midwest Holding (2 in leadership); the tracked headcount is 93.
| Name | Role | Group |
|---|---|---|
Georgette Nicholas | President & CEO | Leadership |
Michael Salem | CEO | Leadership |
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Investments & Acquisitions by Midwest Holding
Midwest Holding has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Powerscourt Hotel.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
A chain of hotels is operated in the hospitality sector. | powerscourthotel.com | Dublin, Ireland | 2013 | Jun 2013 | •••• |
Complete acquisition details for Midwest Holding
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Timeline of Midwest Holding
6 dated milestones of Midwest Holding across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Midwest Holding is founded.
- Acquisition Acquires Powerscourt Hotel.
- Funding First funding round of $388K.
- Funding Latest funding round, Post-IPO, of $15.2M.
- IPO Lists on the stock exchange (IPO).
- Exit Acquired by Antarctica Capital.
Competitors of Midwest Holding
Midwest Holding has 3 listed competitors in our database, 1 of them funded. They include John Hancock, Western & Southern Financial Group and Nassau Financial Group.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| johnhancock.com | 1996 | Boston, United States | Offers life insurance products, investment advice, and retirement planning for individuals and businesses. | |||
| westernsouthern.com | 1888 | Cincinnati, United States | 3,692 | Life insurance, investments, and retirement solutions are provided to clients. | ||
| nfg.com | 1851 | Hartford, United States | $1.38B | Diversified insurance brokerage services are provided from Hartford. |
Detailed competitors of Midwest Holding
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Web traffic of Midwest Holding
The website of Midwest Holding (midwestholding.com) receives about 1.7K visits a month.
- Monthly visits1.7K
▲ 92.4% vs previous month
Top companies in Insurance & Risk Management
3 companies that operate in the same segment as Midwest Holding (Insurance & Risk Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Investment advisory, insurance distribution, and risk management services are provided. | 1998 | Chicago, Illinois, United States | USD 1.6 B | |||
Financial institution offering insurance & transaction services | 1847 | Jacksonville, United States | USD 500 M | USD 14.51 B | 23,530 | |
Integrated healthcare services and coverage are provided nationwide. | 1945 | United States |
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Related news about Midwest Holding
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Frequently Asked Questions about Midwest Holding
Midwest Holding was founded in 2003 and raised its 1st funding round 11 years after it was founded.
Midwest Holding is headquartered in Lincoln, United States. It is registered at Lincoln, Nebraska, United States.
Georgette Nicholas is the CEO of Midwest Holding, as recorded in our data.
Midwest Holding is a funded company, having raised a total of $388K across 3 funding rounds to date. The company's 1st funding round was a Seed of $388K, raised on Jun 2014.
Midwest Holding has 93 employees.
Annual revenue of Midwest Holding is $30.05M as on Dec 31, 2022.
Midwest Holding was established in 2003 in Lincoln, United States, as a life insurance carrier. Operations are centered on offering life insurance products within the insurance sector. Services include policy issuance and management for policyholders across the region. Leadership is provided by Georgette Nicholas as President CEO and Michael Salem as CEO, with activities focused on standard insurance practices in the domestic market.
Midwest Holding's top competitors include Western & Southern Financial Group, Nassau Financial Group and John Hancock.
Midwest Holding offers m.pas, American Life, Seneca Re, and 1505 Capital.
Midwest Holding has made 1 acquisition, including Powerscourt Hotel.
Midwest Holding has 2 investors. Key investors include Antarctica Capital, and Vespoint.
Midwest Holding operates through Midwest Holding Llc.