About XPT Specialty
XPT Specialty is a company based in New York (United States) founded in 2017 by Tom Ruggieri, Jeff Heath, and Mark Smith. It operates as a Brokerage / Intermediation. XPT Specialty has raised $18.6 million across 3 funding rounds from investors including B.P. Marsh & Partners and Madison Capital Funding. XPT Specialty has completed 8 acquisitions, including Craig & Leicht, IPC NV and LP Risk. XPT Specialty offers products and services including Transportation Insurance, Hospitality Insurance, Agribusiness Insurance, Workers’ Compensation, and Personal Lines Insurance.
- Headquarter New York, United States
- Founders Tom Ruggieri, Jeff Heath, Mark Smith
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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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- Legal Name Xpt Group
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$18.6 M (USD)
in 3 rounds
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Latest Funding Round
$12.6 M (USD), Series B
Nov 27, 2024
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Investors
B.P. Marsh & Partners
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Craig & Leicht
& 7 more
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Products & Services of XPT Specialty
XPT Specialty offers a comprehensive portfolio of products and services, including Transportation Insurance, Hospitality Insurance, Agribusiness Insurance, Workers’ Compensation, and Personal Lines Insurance. 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.
Coverage for transportation sector risks is provided comprehensively.
Insurance solutions for hospitality businesses are offered here.
Protection for agribusiness operations is ensured through policies.
Support for workplace injuries is provided via coverage.
Personal insurance products are tailored for individual needs.
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Funding Insights of XPT Specialty
XPT Specialty has successfully raised a total of $18.6M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $12.6 million completed in November 2024. 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 Series B — $12.6M
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First Round
First Round
(12 Jun 2017)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series B - XPT Specialty | Valuation |
investors |
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| Sep, 2019 | Amount | Debt – Conventional - XPT Specialty | Valuation |
investors |
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| Jun, 2017 | Amount | Series A - XPT Specialty | 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 XPT Specialty
XPT Specialty has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include B.P. Marsh & Partners and Madison Capital Funding. 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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Early-stage offline companies are invested in globally by the firm.
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Founded Year | Domain | Location | |
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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 XPT Specialty
XPT Specialty has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Craig & Leicht, IPC NV and LP Risk. 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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Provider of commercial, auto, property, underwriting & transportation insurance services
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2013 | ||||
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Provider of garage, home and P&C underwriting insurance services
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2005 | ||||
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Property and casualty insurance brokerage services are facilitated.
|
1996 |
| 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.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - XPT Specialty
| 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 |
Xpt Specialty Comparisons
Competitors of XPT Specialty
| 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 XPT Specialty
When was XPT Specialty founded?
XPT Specialty was founded in 2017.
Where is XPT Specialty located?
XPT Specialty is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of XPT Specialty?
Tom Ruggieri is the current CEO of XPT Specialty. They have also founded this company.
Is XPT Specialty a funded company?
XPT Specialty is a funded company, having raised a total of $18.6M across 3 funding rounds to date. The company's 1st funding round was a Series A of $6M, raised on Jun 12, 2017.
What does XPT Specialty do?
XPT Specialty is involved in providing wholesale insurance brokerage services to retail agents across the United States. Coverage solutions are offered for various industries including transportation, hospitality, agribusiness, contractors, oil gas, and commercial property. Specialized products such as flood risk solutions and personal lines are also provided. The company focuses on binding authority and unique product offerings while expanding its presence through strategic hires and regional offices.
What products or services does XPT Specialty offer?
XPT Specialty offers Transportation Insurance, Hospitality Insurance, Agribusiness Insurance, Workers’ Compensation, and Personal Lines Insurance.
How many acquisitions has XPT Specialty made?
XPT Specialty has made 8 acquisitions, including Craig & Leicht, IPC NV, and LP Risk.
Who are XPT Specialty's investors?
XPT Specialty has 2 investors. Key investors include B.P. Marsh & Partners, and Madison Capital Funding.