Participated · Equity · Jan 2022

OneShield Software offers core software solutions to property and casualty insurance companies and MGAs through its OneShield Enterprise and OneShield Market Solutions platforms. Deployed in the cloud, its portfolio—available as standalone, subscription, and as-a-service products—includes enterprise-class policy management, billing, claims, rating, product configuration, business intelligence, and smart analytics. The company says it automates and simplifies core systems with targeted solutions, upgrades, collaborative implementations, and lower total cost of ownership. Founded in 1999 and led by CEO Cameron Parker, OneShield is headquartered in Marlborough, MA, and has offices in India, with 70+ products in production across P&C and specialty insurance markets. In 2021 OneShield grew annual recurring revenue by over 50%, closed 11 new license deals, and increased its client total to 38. The company intends to use new funding to accelerate product innovation across both core platforms and to support talent acquisition.