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  "documentTitle": "Hagerty | Investor Presentation Deck | 18 slides",
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  "authorName": "Hagerty",
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  "presentationDate": "2023-11-01 00:00:00",
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      "text": "$80M of capital raised at Hagerty, Inc. to support strategic growth initiatives",
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      "text": "Strong sponsorship from existing strategic investors: $50M from State Farm, $15M from Markel. Hagerty family investment of $15M.",
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      "text": "Support growth in our quota share risk taking with Essentia. Prepare to take direct risk as we evolve to become a more integrated insurance business. Support our efforts to obtain a credit agency rating for Hagerty Re",
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      "text": "Attractive opportunity to deploy capital to drive profitable growth and returns: Establish new products, support Marketplace business, working capital for sustainable profitability, bolsters cash and liquidity ($264M total liquidity)",
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      "text": "RAISED $105M OF CAPITAL IN JUNE OF 2023 TO DRIVE GROWTH AND VALUE CREATION",
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