The leading Polish online insurance aggregation service Rankomat.pl will receive 12 million Polish zlotys ($4.3 million) from 3TS Cisco Growth Fund, announced 3TS Capital Partners and Cisco. The investment for a minority stake will be disbursed over the next 12 months.
Founded in 2008, Rankomat.pl is the largest online insurance aggregator in Poland with a strong focus on automotive insurance. The company, which is headed by CEO Wojciech Rabiej, is currently the leader of its market in terms of traffic, scope of aggregation and revenue.
Established in November 2007, 3TS Cisco Growth Fund is a venture capital fund managed by 3TS Capital Partners and backed by Cisco as anchor investor.