Tinubu, a global provider of enterprise software for the specialty insurance sector, has secured $45m in growth capital to accelerate innovation and international expansion.
The funding round was led by Morgan Stanley Expansion Capital, with continued support from Long Arc Capital. The capital will fuel Tinubu’s product development and broaden its reach into additional specialty insurance lines.
Tinubu offers end-to-end, cloud-based solutions tailored to the specialty insurance market, including capabilities for policy administration, underwriting, distribution, and claims. Its platform supports nearly 50 carriers and over 150 agencies across five continents.
The company also confirmed the successful completion of its acquisition of Innoveo, a no-code enterprise software provider.
Tinubu CEO Morgan Franc said, “This is a transformative moment for Tinubu and we are thrilled to officially welcome both Morgan Stanley Expansion Capital and Innoveo to the Tinubu family.
“Together, we are investing significantly in our product suite to create a leading software provider enabling the digital transformation of specialty insurance. With this capital raise, we are now exceptionally well-positioned to deliver broader capabilities and bring even more value to our customers globally.”
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