About Sunstar Insurance Group
Sunstar Insurance Group is a company based in Memphis (United States) founded in 2012 by Casey Bowlin was acquired by Reverence Capital Partners in July 2024.. The company has 455 employees as of December 31, 2021. Sunstar Insurance Group has completed 2 acquisitions, including Lakenan Insurance and Strong’s Insurance.
- Headquarter Memphis, United States
- Employees 455 as on 31 Dec, 2021
- Founders Casey Bowlin
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Sectors
Financial Services
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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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Latest Funding Round
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Investors
LNC Partners
& 2 more
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Employee Count
455
as on Dec 31, 2021
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Investments & Acquisitions
Lakenan Insurance
& 1 more
- Acquired by
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Funding Insights of Sunstar Insurance Group
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2015 | Amount | Debt – Conventional - Sunstar Insurance Group | Valuation |
investors |
| 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 Sunstar Insurance Group
Sunstar Insurance Group has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include LNC Partners, Reverence Capital Partners and Brown Brothers Harriman. 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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PE firm investing in the US
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Founded Year | Domain | Location | |
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A private equity fund is managed, targeting multiple sectors.
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Founded Year | Domain | Location | |
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Private equity investments are managed from a USA base.
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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 Sunstar Insurance Group
Sunstar Insurance Group has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Lakenan Insurance and Strong’s Insurance. 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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Professional and commercial insurance plus risk management services are provided.
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1938 | ||||
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Personal and commercial insurance solutions are provided to clients.
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1921 |
| 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 - Sunstar Insurance Group
| 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 |
Sunstar Insurance Group Comparisons
Competitors of Sunstar Insurance Group
| 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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Frequently Asked Questions about Sunstar Insurance Group
When was Sunstar Insurance Group founded?
Sunstar Insurance Group was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Sunstar Insurance Group located?
Sunstar Insurance Group is headquartered in Memphis, United States. It is registered at Memphis, Tennessee, United States.
Who is the current CEO of Sunstar Insurance Group?
Casey Bowlin is the current CEO of Sunstar Insurance Group. They have also founded this company.
How many employees does Sunstar Insurance Group have?
As of Dec 31, 2021, the latest employee count at Sunstar Insurance Group is 455.
What does Sunstar Insurance Group do?
Sunstar Insurance Group was founded in 2012 in Memphis, United States, within the insurance sector. Independent insurance agencies are acquired and managed by the firm. Resources and expertise akin to those in larger brokerages are supplied to acquired agencies, while their local responsiveness to clients is preserved. Operational efficiency is improved via shared back-office administration, enabling focus on client satisfaction. Training and networking opportunities are provided to support agency operations.
How many acquisitions has Sunstar Insurance Group made?
Sunstar Insurance Group has made 2 acquisitions, including Lakenan Insurance, and Strong’s Insurance.
Who are Sunstar Insurance Group's investors?
Sunstar Insurance Group has 3 investors. Key investors include LNC Partners, Reverence Capital Partners, and Brown Brothers Harriman.
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