Investments
17Portfolio Exits
8
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Latest Investment Group of Santa Barbara News
Feb 22, 2021
Founded in 2016, Briza claims it is enabling the commercial insurance industry’s digital distribution evolution. “For agencies, we are an easy-to-use multi-carrier portal that will help you deliver commercial insurance to small business clients in minutes, not hours or days. Make small commercial policies profitable for your agency. For carriers, our platform acts as a marketplace for automated underwriting models, allowing insurers to bring their products to the world in digital form quickly and cheaply. Our mission is to connect insurance to the world.” Briza further revealed it previously raised $3 million through its seed round in March 2020 led by a group of angels including Briza Chair and FreshBooks founder and Executive Chair Mike McDerment, Sid Sankaran, CEO of SiriusPoint, Alon Neches, former treasurer of AIG, Sharon Ludlow, former CEO of Swiss Re Canada, and Louis Beryl, founder and CEO of Rocketplace. The Series A funding round brings Briza’s total funding to date to $11 million. Speaking about the platform, Rishi Sharma, CTO at Briza, stated: “Imagine a future when insurance carriers can seamlessly embed their products in online banking, accounting, or wealth management platforms. The emerging ‘embedded finance’ movement offers one of the most compelling digital growth opportunities to legacy financial institutions such as insurance agents and carriers. By easily translating the quoting, binding, and payment experience, Briza seeks to allow insurance companies rapid, low-cost functionality into adjacent platforms, and likewise enable any brand or merchant to integrate innovative risk and protection services into their digital storefront.” Briza is planning to use the funding to continue the growth and development of its platform and team. Sponsored Links by DQ Promote You may also like...
Investment Group of Santa Barbara Investments
17 Investments
Investment Group of Santa Barbara has made 17 investments. Their latest investment was in OneStream Software as part of their Series B on April 4, 2021.

Investment Group of Santa Barbara Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
4/6/2021 | Series B | OneStream Software | $200M | Yes | 13 | |
2/10/2021 | Series A | Briza | $8M | Yes | 12 | |
1/6/2021 | Series H | Roblox | $520M | Yes | Altimeter Capital, Altos Ventures, Dragoneer Investment Group, Investment Group of Santa Barbara, Undisclosed Investors, and Warner Music Group | 90 |
12/13/2016 | Seed VC - II | |||||
9/17/2015 | Series A |
Date | 4/6/2021 | 2/10/2021 | 1/6/2021 | 12/13/2016 | 9/17/2015 |
---|---|---|---|---|---|
Round | Series B | Series A | Series H | Seed VC - II | Series A |
Company | OneStream Software | Briza | Roblox | ||
Amount | $200M | $8M | $520M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | Altimeter Capital, Altos Ventures, Dragoneer Investment Group, Investment Group of Santa Barbara, Undisclosed Investors, and Warner Music Group | ||||
Sources | 13 | 12 | 90 |
Investment Group of Santa Barbara Portfolio Exits
8 Portfolio Exits
Investment Group of Santa Barbara has 8 portfolio exits. Their latest portfolio exit was Solvvy on May 12, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
5/12/2022 | Acquired | 2 | |||
Date | 5/12/2022 | ||||
---|---|---|---|---|---|
Exit | Acquired | ||||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 |
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