About Towergate
Towergate is a company based in Maidstone (United Kingdom) founded in 1997 by Peter Cullum. Towergate has raised $517.08 million across 4 funding rounds from investors including Lloyds Banking Group, Pollen Street and Madison Dearborn Partners. Towergate has completed 3 acquisitions, including Lovat Insurance Brokers, Paymentshield and Tonynak. Its chief executive is David Ross. Towergate offers products and services including Insurance Broking and Risk Management. Its legal entity is Advisory Insurance Brokers Limited.
Company details
Provider of insurance broking and risk management services. It offers insurance solutions for businesses and individuals, including renewals, new cover requirements, and claims support. The firm works with various insurers and provides risk management, business continuity, and health safety advice. A proactive claims service is a key priority, utilizing local and specialist experts to assist with recovery. The company aims to build long-term client relationships based on trust and offers tailored personal and business insurance covers.
- Headquarters Maidstone, United Kingdom
- Founders Peter Cullum
- Website category Finance · Insurance
- Email••••••••
- Website towergate.com
- Social LinkedIn X Facebook
- Legal Name Advisory Insurance Brokers Limited
- Annual Revenue$277.97 M (USD)2as on Dec 31, 2022
- Net Profit$52.21 M (USD)-18as on Dec 31, 2022
- EBITDA$49.4 M (USD)-25as on Dec 31, 2022
- Total Equity Funding$517.08M (USD)
in 4 rounds
- InvestorsLloyds Banking Group
& 4 more
- Investments & AcquisitionsLovat Insurance Brokers
& 2 more
Products & Services of Towergate
Towergate offers a comprehensive portfolio of products and services, including Insurance Broking and Risk Management.
Insurance policies are broked for businesses and private clients to manage various risks.
Risk management advice is provided to clients through expert teams in multiple locations.
Funding Insights of Towergate
Towergate has successfully raised a total of $517.08M across 4 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 $517.08M
- Total Rounds 4
- Investors Count 5
All 4 funding rounds of Towergate 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 |
|---|---|---|---|---|---|
| Nov 2016 | – | Private Equity Round | – | – | |
| Jan 2011 | $318.08M | Private Equity Round | – | Advent International | – |
| Jul 2008 | $199M | Private Equity Round | – | – | |
| Jun 2004 | – | Private Equity Round | – | – |
5 investors in total: 5 institutional.
Investors in Towergate
Towergate has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Lloyds Banking Group, Pollen Street and Madison Dearborn Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investments are directed toward key sectors by MDP. | – | mdcp.com | Chicago, United States | |
Private equity firm focused on multiple sectors | – | adventinternational.com | Sao Paulo, Brazil | |
Private equity firm focused on multiple sectors | 2013 | pollenstreetgroup.com | London, United Kingdom | |
Commercial banking and insurance services are offered to clients worldwide. | 1975 | lloydsbankinggroup.com | London, United Kingdom | |
NatWest Group is recognized as a UK-focused banking institution. | – | rbs.com | Edinburgh, United Kingdom |
Investor details for Towergate
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Towergate
2 people are tracked at Towergate (2 in leadership).
| Name | Role | Group |
|---|---|---|
Peter Cullum | Founder | Leadership |
David Ross | CEO | Leadership |
Complete people profiles for Towergate
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Towergate
Towergate has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Lovat Insurance Brokers, Paymentshield and Tonynak.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of web server and website management tools | tonynak.co.uk | United Kingdom | 0 | Nov 2019 | •••• | |
Limited information available | lovatins.co.uk | London, United Kingdom | 1981 | Jul 2014 | •••• | |
P&C insurance broker | paymentshieldadvisers.co.uk | Southport, United Kingdom | 1992 | Oct 2006 | $180M |
Complete acquisition details for Towergate
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Towergate
6 dated milestones of Towergate across 22 years, from founding to its latest funding, stage changes and deals.
- Founded Towergate is founded.
- Funding First funding round.
- Acquisition Acquires Paymentshield.
- Acquisition Acquires Lovat Insurance Brokers.
- Funding Latest funding round, Private Equity Round,.
- Acquisition Acquires Tonynak.
Web traffic of Towergate
The website of Towergate (towergate.com) receives about 3.1K visits a month and ranks #3,735,598 among all websites worldwide, #8,472 in Insurance.
- Monthly visits3.1K
▼ 46.9% vs previous month
- Unique visitors2.5K
per month
- Global rank#3,735,598
among all websites
- Category rank#8,472
Finance · Insurance
- Bounce rate72%
- Pages per visit1.3
- Average visit14 sec
- DevicesDesktop 12% · Mobile 88%
Websites whose visitors overlap most with Towergate. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| towergateinsurance.co.uk | 100% | – | #2,188,721 | View details | |
towergateprofessionalrisks.co.uk | towergateprofessionalrisks.co.uk | 83% | – | – | – |
events-insurance.co.uk | events-insurance.co.uk | 80% | – | #1,568,052 | – |
biba.org.uk | biba.org.uk | 75% | – | #574,707 | – |
| floodflash.co | 74% | 7.6K | #3,428,086 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 16 similar websites and full traffic analytics for Towergate
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- 16 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Towergate
Towergate was founded in 1997 and raised its 1st funding round 7 years after it was founded.
Towergate is headquartered in Maidstone, United Kingdom.
David Ross is the current CEO of Towergate.
Towergate is a funded company, having raised a total of $517.08M across 4 funding rounds to date.
Annual revenue of Towergate is $277.97M as on Dec 31, 2022.
Provider of insurance broking and risk management services. It offers insurance solutions for businesses and individuals, including renewals, new cover requirements, and claims support. The firm works with various insurers and provides risk management, business continuity, and health safety advice. A proactive claims service is a key priority, utilizing local and specialist experts to assist with recovery. The company aims to build long-term client relationships based on trust and offers tailored personal and business insurance covers.
Towergate offers Insurance Broking and Risk Management.
Towergate has made 3 acquisitions, including Lovat Insurance Brokers, Paymentshield, and Tonynak.
Towergate has 5 investors. Key investors include Lloyds Banking Group, Pollen Street, Madison Dearborn Partners, Advent International, and NatWest Group.
Towergate operates through Advisory Insurance Brokers Limited.