Los Angeles – April 25, 2022 – Cooley advised Carpe Data, a provider of innovative emerging and alternative data products for the insurance industry, on its strategic growth investment from private equity firm Thomas H. Lee Partners (THL). Lawyers Tom Hopkins, Steven Dunst, Bram Couvreur, Michael Zhang and Sarah Koslov led the Cooley team advising Carpe Data.
“Since forming Carpe Data in 2016, we have rapidly grown and cultivated a blue-chip customer base, and we believe THL is the ideal partner for the next phase of our journey,” Max Drucker, founder and CEO of Carpe Data, said in a press release. “With this investment, we have a unique opportunity to further expand across core segments, introduce new products and use cases, and enter adjacent markets.”
Carpe Data is a next-generation data company for insurance, and transforms emerging data into predictive and actionable insights that enable automation and improve insurance outcomes across the policy life cycle. Already well known for its claims automation technology, Carpe Data also provides small commercial insurers with advanced classification, risk characteristics and predictive scores for more than 45 million businesses across the US. Based in Santa Barbara, California, Carpe Data employs nearly 150 people in the US, UK and Portugal who are committed to helping insurers achieve peak efficiency while supporting superior claims and underwriting experiences.
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