INSU Acquisition Corp. II / Metromile 2020
INSU Acquisition Corp. II acquired Metromile on November 24, 2020.
- Target
- Metromile
- Acquirer
- INSU Acquisition Corp. II
- Announced
- November 24, 2020
- Sub-sector
- Insurtech
Transaction overview
- INSU Acquisition Corp. II announced the acquisition of Metromile on November 24, 2020.
Strategic rationale
Insurance-focused SPAC combines with data-driven auto insurer to scale pay-per-mile technology and licensing business.
Deal terms & multiples
Sources
- benzinga.com /fintech/20/11/18524889/the-next-big-thing-insurtech-metromile-to-go-public-via-spac-expand-licensing-business