Energi Holdings, a Peabody, Massachusetts-based provider of risk management and insurance solutions to certain sectors of the energy industry, has completed a $6.4m round of equity financing.
The investment was made by a leading worldwide reinsurance company along with policyholders of the company.
Energi, which provides its solutions to sectors including fuel distribution and transportation, energy construction, cooperatives, renewable energy, energy products manufacturers, exploration &production and utilities, will use the funds to form a U.S. domiciled captive reinsurance company, along with the expansion of its proven business model into other jurisdictions in the United States.
FinSMEs
17/04/2010