OMERS Ventures Leads Series A in Joyn Insurance Services
Posted on 01/13/2023
Insurance technology company Joyn Insurance Services Inc. announced that it exceeded its fundraising target with a US$ 17.7 million Series A funding round led by OMERS Ventures with participation from Avanta Ventures, ManchesterStory, Cohen Circle, SiriusPoint, and several private individual investors. Joyn Insurance Services Inc. is a Delaware-domiciled, licensed producer and general agent that operates under its “Joyn”TM and “Joyn Insurance”TM brands. Launched in July 2021, Joyn Insurance integrates insurance, data, and technology expertise. Joyn offers E&S coverage for property, general liability and excess for companies across more than 700 NAICS codes in 36 states and Washington, D.C. Representatives from OMERS Ventures, ManchesterStory and Avanta Ventures will also be joining the Board of Directors of Joyn Insurance.
Seraina Macia is the CEO of Joyn Insurance. Seraina Macia previously worked as CEO of AIG subsidiary Blackboard Insurance. AIG closed Blackboard Insurance. Macia and many of her Blackboard team went on to launch Joyn Insurance. Seraina Macia was previously CEO of Hamilton Insurance US, which AIG acquired in 2017.
Advisors
TigerRisk Capital Markets & Advisory acted as financial advisor to SiriusPoint in this transaction.
Keywords: Ontario Municipal Employees Retirement System, American International Group, Inc.