FINEOS
Company

Last deal

$22.54M
Local Amount - AUD 35M

Amount

Post-IPO Equity

Stage

16.08.2023

Date

3

all rounds

$135.71M

Total amount

date founded

Financing round

General

About Company
FINEOS provides claims management software to insurance and insurance-related organizations worldwide.

Industry

Sector :

Subsector :

founded date

01.01.1993

Number of employees

Company Type

For Profit

Last funding type

Post-IPO Equity

IPO status

Private

Description

FINEOS offers enterprise software solutions for insurance, bancassurance, and government social insurance. Their software features functionality designed for improved decision making, flexible transaction routing, process lifecycle management, workflow automation, and validation. FINEOS solutions are built on a rules-driven, service-oriented, component-based enterprise platform that serves as a flexible infrastructure for new product introduction, legacy enrichment, and business transformation. The company's platform, Fineos AdminSuite, comprises Fineos Absence, Fineos Billing, Fineos Claims, Fineos Payments, and Fineos Provider, among other solutions. FINEOS is a leading provider of core systems for life, accident and health insurers globally, and their platform provides clients with a complete end-to-end SaaS core product suite.
Contacts

Contact Email

Phone number

Social url

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Financials

Funding Rounds
3
3

Number of Funding Rounds

$135.71M

Money Raised

Their latest funding was raised on 16.08.2023. Their latest round Post-IPO Equity

Date 
Funding Round 
Investors 
Money Raised 
Lead 
16.08.2023
$22.54M
Local Amount - AUD 35M
03.09.2021
$52.27M
Local Amount - EUR 44M
12.08.2020
$60.9M
Local Amount - AUD 85M
Co-Investors
Acquisitions
2
Acquiree Name 
Date 
Price 
Acquisition Name 
Spraoi acquired by FINEOS

Spraoi acquired by FINEOS

acquirer

FINEOS
FINEOS

date

05.05.2021

type

Acquisition
Spraoi

Spraoi

Sprooi is a provider of technology-based insurance services.

Sector

Non-life Insurance

Subsector

Insurance Brokers

Keywords

Insurance, Software, Machine Learning

Location

Ardmore, PA, USA
Limelight Health acquired by FINEOS

Limelight Health acquired by FINEOS

acquirer

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date

11.08.2020

type

Acquisition

price

$75M
Limelight Health

Limelight Health

Limelight Health provides cloud-based software for automating and streamlining group benefits insurers' sales and underwriting functions.

Sector

Industrial Support Services

Subsector

Professional Business Support Services

Keywords

Software, Health Care, Venture Capital

Location

San Francisco, CA, USA

total rounds

5

total raised

$44M

People

Founders
2
Tim Vasko
Tim Vasko

Tim Vasko

https://timvasko.com/

current job

BlockCerts Blockchain
BlockCerts Blockchain

organization founded

2

Tim Vasko

Michael Kelly
Michael Kelly

Michael Kelly

Michael Kelly is the Founder & CEO at FINEOS. Michael Kelly attended Dublin City University.

current job

FINEOS
FINEOS

organization founded

1

Michael Kelly

Employee Profiles
86
Ian Lynagh

Ian Lynagh

Chief Financial Officer

Garrett Viggers

Garrett Viggers

Chief Evangelist & Bard

Niall Hannon

Head of information systems

Ringo Gottimukkala

Cloud engineer

Donald Maruca

Project manager - product consulting

Keysha Baker

Senior business consultant

Luka Antolic-Soban

Senior Technical Consultant

Jade Davis

Junior human resources generalist

Activity

Recent News
16
News Timeline

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