BrightRock Life Ltd
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BrightRock Life Ltd - overview
Established
2011
Location
Sandton, -, South Africa
Primary Industry
Insurance
About
Founded in 2011 and based in Sandton, South Africa, BrightRock Life Ltd. , operates as an insurance administration company that engages in providing insurance policies and coverage for funeral businesses. In February 2024, Sanlam Capital Markets fully acquired BrightRock Life Ltd for approximately ZAR 494 million. The company offers solutions for funeral parlours, including insurance administration, underwriting, and compliance support.
They focus on providing needs-matched services to funeral parlours, offering hands-on support and assistance. BrightRock policies allow customers to decide exactly how to cover different financial needs in the event of illness, injury, or death. Customers can choose the payout structure, coverage duration, and how their coverage should grow and change over time. Following the February 2024 acquisition, the company plans to further enhance its service strategies and continuously accelerate its business growth.
Current Investors
Sanlam Capital Markets
Primary Industry
Insurance
Sub Industries
Life Insurance, Insurance Intermediaries
Website
www.brightrock.co.za
Verticals
InsureTech
Total Amount Raised
Subscriber access only
BrightRock Life Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct | Completed | BrightRock Life Ltd | - |
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