About Midwest Holding
Midwest Holding is a company based in Lincoln (United States) founded in 2003.. Midwest Holding has raised $388 thousand across 3 funding rounds from investors including Vespoint. The company has 93 employees as of December 31, 2022. Midwest Holding has completed 1 acquisition, including Powerscourt Hotel. Midwest Holding offers products and services including m.pas, American Life, Seneca Re, and 1505 Capital. Midwest Holding operates in a competitive market with competitors including AIA Group, John Hancock, Western & Southern Financial Group, Nassau Financial Group and Globe Life And Accident Insurance, among others.
- Headquarter Lincoln, United States
- Employees 93 as on 31 Dec, 2022
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Midwest Holding Llc
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Annual Revenue
$30.05 M0as on Dec 31, 2022
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Net Profit
$7.14 M143as on Dec 31, 2022
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EBITDA
$-5.17 M-51as on Dec 31, 2016
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Total Equity Funding
$388 K (USD)
in 3 rounds
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Latest Funding Round
$15.18 M (USD), Post-IPO
May 07, 2020
- Investors
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Employee Count
93
as on Dec 31, 2022
- Investments & Acquisitions
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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. 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.
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 Total Funding
- Total Rounds 3
- Last Round Post-IPO — $15.2M
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First Round
First Round
(03 Jun 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2020 | Amount | Post-IPO - Midwest Holding | Valuation |
investors |
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| Jul, 2018 | Amount | Post-IPO - Midwest Holding | Valuation |
investors |
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| Jun, 2014 | Amount | Seed - Midwest Holding | 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 Midwest Holding
Midwest Holding has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Vespoint. 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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Offers annuities and reinsurance services for financial stability.
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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 Midwest Holding
Midwest Holding has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Powerscourt Hotel. 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
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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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A chain of hotels is operated in the hospitality sector.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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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 - Midwest Holding
| 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 |
Midwest Holding Comparisons
Competitors of Midwest Holding
Midwest Holding operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AIA Group, John Hancock, Western & Southern Financial Group, Nassau Financial Group and Globe Life And Accident Insurance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Life insurance and related services are offered across Asia-Pacific markets.
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| domain | founded_year | HQ Location |
Offers life insurance products, investment advice, and retirement planning for individuals and businesses.
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| domain | founded_year | HQ Location |
Life insurance, investments, and retirement solutions are provided to clients.
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| domain | founded_year | HQ Location |
Diversified insurance brokerage services are provided from Hartford.
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| domain | founded_year | HQ Location |
Life and accident insurance policies are provided by the company.
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| domain | founded_year | HQ Location |
Life insurance company
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| 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 Midwest Holding
Frequently Asked Questions about Midwest Holding
When was Midwest Holding founded?
Midwest Holding was founded in 2003 and raised its 1st funding round 11 years after it was founded.
Where is Midwest Holding located?
Midwest Holding is headquartered in Lincoln, United States. It is registered at Lincoln, Nebraska, United States.
Who is the current CEO of Midwest Holding?
Georgette Nicholas is the current CEO of Midwest Holding.
Is Midwest Holding a funded company?
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 03, 2014.
How many employees does Midwest Holding have?
As of Dec 31, 2022, the latest employee count at Midwest Holding is 93.
What is the annual revenue of Midwest Holding?
Annual revenue of Midwest Holding is $30.05M as on Dec 31, 2022.
What does Midwest Holding do?
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.
Who are the top competitors of Midwest Holding?
Midwest Holding's top competitors include AIA Group, Brighthouse Financial and Globe Life And Accident Insurance.
What products or services does Midwest Holding offer?
Midwest Holding offers m.pas, American Life, Seneca Re, and 1505 Capital.
How many acquisitions has Midwest Holding made?
Midwest Holding has made 1 acquisition, including Powerscourt Hotel.
Who are Midwest Holding's investors?
Midwest Holding has 1 investor. Key investors include Vespoint.