Policygenius in Merger Talks with Perella Forward SPAC: Report

PolicyGenius

Online insurance marketplace Policygenius is in merger talks PWP Forward Acquisition I, Bloomberg reports, citing people with knowledge of the matter.

A valuation for the transaction hasn’t yet been finalized, one of the people said, and it’s possible talks could fall apart.

Policygenius representatives didn’t immediately respond to a request for comment, and a spokeswoman for PWP declined to comment.

New York-based Policygenius, which was co-founded in 2014 by Jennifer Fitzgerald and Francois de Lame, has said it’s raised funding from investors including KKR & Co., Norwest Venture Partners, Revolution Ventures, Susa Ventures, AXA Venture Partners, MassMutual Ventures and Transamerica Ventures.

Earlier this month, it announced a collaboration with Sallie Krawcheck’s Ellevest, and said it has helped more than 30 million people shop for insurance in the U.S. and placed almost $100 billion in coverage. Read more.

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