Ensurem LLC
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Ensurem LLC - overview
Established
2016
Location
Clearwater, FL, US
Primary Industry
Insurance
About
Ensurem LLC, based in Clearwater, US, specializes in providing Medicare Advantage Plans, combining essential health services with additional coverage options to meet the needs of its clients. Ensurem LLC was founded in 2016 in Clearwater, US. The company focuses on Medicare Advantage Plans, which integrate Medicare Part A and Part B with various additional benefits. It has undergone a significant change, having been acquired by 777 Partners in March 2021 from A-Cap Holdings and Angelrush Ventures.
The company was founded by Dave Rich and John Clifford, who have a history of involvement in the insurance sector. Ensurem has completed a total of 3 deals, raising a total of USD 12. 25 mn, including an ANGEL round led by Angelrush Ventures. Ensurem LLC specializes in providing Medicare Advantage Plans, which are comprehensive insurance solutions merging Medicare Part A and Part B with additional coverage options.
These plans include essential benefits like dental, vision, hearing, and prescription drug coverage, allowing beneficiaries to consolidate their healthcare needs. The company also offers telehealth services, meal benefits, and transportation to medical appointments, catering to individuals aged 65 and older and those eligible for Medicare due to disabilities across various US markets. Ensurem LLC generates revenue through its Medicare Advantage Plans, which operate based on direct-to-consumer interactions and partnerships with insurance carriers. Clients enroll in plans with diverse premium options, including offerings with USD 0 monthly premiums.
Revenue is derived from commissions on insurance plans selected by clients, structured based on chosen plan offerings, thereby connecting clients with Medicare solutions. Ensurem LLC aims to leverage recent funding of USD 12. 25 mn from its latest deal in March 2021 to support the development of new Medicare Advantage products and to expand its market presence. The company targets expansion into new geographical regions within the US, although specific locations and timelines for this expansion have not been disclosed.
The recent acquisition by 777 Partners may also provide strategic resources to facilitate growth initiatives.
Current Investors
777 Partners, Angelrush Ventures
Primary Industry
Insurance
Sub Industries
Health Insurance, Life Insurance
Website
http://www.ensurem.com
Verticals
InsureTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Ensurem LLC - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Ensurem LLC | - |
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