Insight Partners Leads a $50 Million Series C Funding Round in Pollinate

March 19, 2021

Willkie represented Insight in connection with the investment.

On March 18, Pollinate Networks Limited and leading growth capital investor Insight Partners announced the closing of a $50 million funding round led by Insight Partners.

Pollinate was formed to help banks digitally transform their offering for business customers - allowing banks to keep pace with new entrants looking to take market share or push banks down the value chain. The Pollinate platform allows banks to offer a one-stop shop for SMEs, from access to capital, the ability to take payment, digital loyalty schemes, marketing tools and insights. This gives SMEs a single place to understand, manage, and grow their business.

The investment signals Pollinate’s further global expansion and move into North America, where they are in advanced conversations with a number of banks. Additionally, the funding will accelerate the expansion of Pollinate’s white-label marketplace offering to meet the needs of banks’ small and medium sized business customers.

Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments.

The Willkie team was led by partners Matthew Guercio and Philip Coletto, and included partners Daniel Alvarez and Spencer Simon; and associates Alexander Kang, Michelle Bae and Nidhi Modani.