PE in CEE - Rankomat
Country: Poland
Poland’s # 1 online car insurance broker
COUNTRY | Poland | RETURN | 5.9x |
GP | 3TS Capital Partners | GROWTH | From 30,000 to 2.2 million users |
INVESTMENT | EUR 1.7 million | EMPLOYMENT | 108 new jobs |
SECTOR | Online insurance | INVESTMENT TYPE | Growth |
INVESTMENT | October 2010 | FUND OWNERSHIP | 40% |
EXIT | July 2015 | EXIT ROUTE | Trade sale |
Investment rationale
Prior to 3TS’s investment, Rankomat was an early-stage first mover on Poland’s nascent online car insurance brokerage market. Its first-rate platform for comparing and purchasing policies was well positioned for the rapid digital transformation of the local industry in line with global market trends. The company had sophisticated founders but needed a partner with growth experience and capital to catalyse fast development and maintain its market advantage.
Deal history and structure
3TS injected new capital into Rankomat to accelerate the company’s growth. After the first investment in 2010, 3TS participated in several follow-on funding rounds in subsequent years, injecting EUR 1.7 million of equity in total. The founders remained actively engaged in the business until their joint exit with 3TS in 2015.
