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Private Equity
strandview.com

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Investments

3

Funds

3

About Strandview Capital

Strandview Capital is a private equity firm focused on financial services and financial technology companies. Strandview Capital makes minority equity investments in early stage, high growth companies managed by seasoned executives.

Strandview Capital Headquarter Location

2121 Rosecrans Avenue Suite 2350

Manhattan Beach, California, 90266,

United States

310-995-8062

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Latest Strandview Capital News

Coverance raises $10.5 million led by CUNA Mutual Group

Sep 30, 2020

Long Beach-based Coverance announced a $10.5 million financing round led by CUNA Mutual Group , with participation from existing investor Strandview Capital. Founded in 2017, Coverance (a team of 30) is an independent insurance agency that helps seniors navigate the complex Medicare insurance market to obtain the optimal policy and save money. “We are very excited to work with CUNA Mutual Group and explore opportunities to offer Medicare insurance options to credit union members. We use senior-focused marketing, data analytics and automation to improve how seniors purchase Medicare insurance.” – Chris Mullins, CEO and founder of Coverance. Coverance is building a trusted brand with its celebrity spokesperson Kelsey Grammer, from television shows Cheers and Fraser. The current COVID-19 pandemic highlights the critical importance of proper Medicare insurance for seniors and has accelerated the trend toward centralized call centers versus how much of the industry has been traditionally served through in-person insurance agents. CMFG Ventures , the venture capital arm of CUNA Mutual Group, led the financing and recognizes the importance of Medicare insurance to consumers.

Strandview Capital Investments

3 Investments

Strandview Capital has made 3 investments. Their latest investment was in Coverance Insurance Solutions as part of their Private Equity - II on September 9, 2020.

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Strandview Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/28/2020

Private Equity - II

Coverance Insurance Solutions

$10.5M

No

3

4/4/2018

Series A

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$99M

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10

Private Equity

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$99M

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10

Date

9/28/2020

4/4/2018

Round

Private Equity - II

Series A

Private Equity

Company

Coverance Insurance Solutions

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Amount

$10.5M

$99M

$99M

New?

No

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Co-Investors

Sources

3

10

10

Strandview Capital Fund History

3 Fund Histories

Strandview Capital has 3 funds, including Strandview Coverance SPV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/11/2020

Strandview Coverance SPV

$0.76M

1

3/29/2017

Strandview Growth Fund

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$99M

10

Strandview Annex Fund

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$99M

10

Closing Date

2/11/2020

3/29/2017

Fund

Strandview Coverance SPV

Strandview Growth Fund

Strandview Annex Fund

Fund Type

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Status

Amount

$0.76M

$99M

$99M

Sources

1

10

10

Strandview Capital Team

2 Team Members

Strandview Capital has 2 team members, including current Founder, Managing Director, Kevin Covert.

Name

Work History

Title

Status

Kevin Covert

Founder, Managing Director

Current

Mike Sekits

Sekits Capital, Bear Stearns, TSG Consumer Partners, and UBS PaineWebber

Managing Director

Former

Name

Kevin Covert

Mike Sekits

Work History

Sekits Capital, Bear Stearns, TSG Consumer Partners, and UBS PaineWebber

Title

Founder, Managing Director

Managing Director

Status

Current

Former

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