Earnix Secures $290 Million Backing as JVP Locks in 8.7x Returns for Early Investors

Earnix is entering its next stage of global expansion with a major funding move that also rewards early investors with a substantial windfall.

Jerusalem Venture Partners (JVP) announced a $290 million single-asset continuation vehicle in partnership with TPG GP Solutions, giving the InsurTech company more firepower to cement its standing in the insurance and banking sectors.

The deal generated an 8.7x return for JVP’s earliest backers while keeping JVP in a controlling position as the company scales.

Earnix has built a cloud-native, AI-powered platform used by more than 100 tier-1 insurers, including AXA, Generali, Tokio Marine, and Munich Re.

Its software is now deployed in over 35 countries, where it helps carriers and banks make real-time pricing and underwriting decisions.

By automating that process, the company claims its clients see both lower costs and higher revenue.

“This builds on Earnix's track record of successful customer deployments in 35 nations around the world and will accelerate adoption of AI-driven decisioning across the risk cycle for the banking and insurance industries,” said Robin Gilthorpe, CEO of Earnix.

The transaction marks one of the largest continuation vehicles raised by a venture capital firm, reflecting a trend of institutional investors looking for longer exposure to high-growth, late-stage startups.

Alongside TPG GP Solutions, participants include Partners Group, Hamilton Lane, Lexington Partners, and several other global investors. Together, they now control more than half of Earnix.

For context, the announcement lands as AI investment across financial services accelerates worldwide. Just last month, Allianz unveiled new predictive risk models built on machine learning to speed up claims processing, highlighting how insurers are rapidly embracing tools that make operations faster and more precise.

JVP, which previously saw big exits like CyberArk’s $25 billion sale to Palo Alto Networks and Qlik’s $3 billion acquisition, is betting Earnix will be its next major success story as demand for AI-powered platforms in regulated industries keeps rising.