Thomas H Lee Partners (THL), a premier private equity firm investing in middle market growth companies, has made a strategic growth investment in Carpe Data, a provider of emerging and alternative data products for the insurance industry.
With the investment, THL will become the majority shareholder of Carpe Data, while the company’s founders and management will continue to hold a meaningful stake, as well as a group of existing strategic investors.
Headquartered in Santa Barbara, California, Carpe Data uses proprietary algorithms and AI to transform emerging and alternative data into predictive and actionable insights for insurance carriers across the globe.