December 03, 2024
A Louisville-based platform for commission-free annuities closed a round of primary capital funding Tuesday it will use to accelerate platform development and expand distribution of services.
DPL Financial Partners, a financial services firm that has an insurance platform, secured $23 million in equity capital during a Series C funding round led by Eos Ventures and TIAA Ventures, according to a news release.
The round represents the first investment in the company by insurers.
FT Partners served as DPL's financial advisor on the private equity transaction, which was oversubscribed, the news release says, meaning more money was raised than was initially sought and is generally a sign of confidence in the fund's management...