Clearwater Analytics announces funding round
Clearwater Analytics , a SaaS provider of investment accounting and analytics, announced that it will receive a new investment led by investment firms Permira, Warburg Pincus, Dragoneer Investment Group and Durable Capital. Welsh, Carson, Anderson & Stowe (WCAS), which first invested in Clearwater in 2016, will remain the Company’s majority shareholder, and Sandeep Sahai will continue as Clearwater’s Chief Executive Officer.
Clearwater Analytics helps insurance companies and asset managers by providing unified, compliant, and automated investment accounting, reporting, and analytics. The new investor group will further Clearwater’s innovative leadership and strong organic growth as it brings its solutions to the global marketplace and enable M&A opportunities in the years ahead.
Each day, the Clearwater solution serves more than $4 trillion in assets for clients that include some of the most respected companies in the world including: American Family Insurance, Arch Capital, Aureum Re, Cisco, CopperPoint Mutual Company, C.V. Starr & Co., Facebook, J.P. Morgan, Knights of Columbus Insurance, Oracle, Selective Insurance, Sirius Group, Sompo International, Starbucks, Unum Group, WellCare Health Plans, and Wilton Re. Investment professionals in 49 countries trust Clearwater to deliver timely, accurate, and auditable data, accounting and analytics solutions that are mission-critical to their businesses.
“Our new partnership with Permira, Warburg Pincus, Dragoneer, and Durable, builds upon our very strong relationship with WCAS and continues the momentum Clearwater has achieved as the innovative leader in the investment accounting and analytics market. We remain 100% focused on bringing our clients the best solutions and service quality in the world. We look forward to benefitting from all of our partners’ deep domain expertise, global resources, and growth capital as we continue to extend Clearwater’s international reach and advance our solution set for our valued clients.” – Sandeep Sahai, Chief Executive Officer of Clearwater Analytics.