Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Taina Rosa, Olivia Thomas
09.25.24
Pillsbury advised Harbert Growth Partners (HGP) in leading a $22.2 million Series B funding round for Roots Automation, the world’s first generative AI model for insurance.
In addition to HGP, MissionOG, Liberty Mutual Strategic Ventures and Vestigo Ventures participated as follow-on investors.
Currently investing out of HGP V, HGP has successfully exited several portfolio investments through transactions with a distinguished list of strategic acquirers including Amazon, GE, GSK, Medallia, Philips, Qualtrics, Salesforce, Sophos, Target, and WEX, among others.
To learn more about the transaction, click here.
The Pillsbury deal team included Corporate partner Steve Kaplan, counsel Lewis McCorkle and associate Benjamin Whitlow.