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Convex - About the company

Convex is an acquired company based in London (United Kingdom), founded in 2019 by Stephen Catlin. It operates as a Provider of international specialty insurance and reinsurance. Convex has raised $2.3B in funding from investors like Onex, PSP Investments and Sixth Street. The company has 87 active competitors, including 3 funded and 34 that have exited. Its top competitors include companies like ERS, Intact Ventures and Ascot Group.

Company Details

Provider of international specialty insurance and reinsurance. The company offers digital risk management solutions. It aims to offer something unique to its clients and stakeholders. The company is building a best practice business from scratch, using everything it has learned during its careers to deliver something new and innovative.
Social
X
Email ID
*****@convexin.com
Phone Number
+44 **********
Registered Address
52 LIME STREET,LONDON,EC3M 7AF
Key Metrics
Founded Year
2019
Location
Stage
Acquired
Total Funding
$2.3B in 3 rounds
Latest Funding Round
Investors
Ranked
Annual Revenue
£1M - £10M as on Dec 31, 2025
Employee Count
710 as on Aug 31, 2026
Investment & Acquisitions
Exit Details
Acquired by Onex (Feb 06, 2026)

Convex's acquisition details

Convex got acquired by Onex on Feb 06, 2026.
Click here to take a look at Convex's acquisition in detail
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Convex's funding and investors

Convex has raised a total funding of $2.3B over 3 rounds. Its first funding round was on Apr 30, 2019. Convex has 3 institutional investors.

Here is the list of recent funding rounds of Convex:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Jul 01, 2024
8297758
Series D
9732766
6725403
6644171
7828382
Jan 15, 2021
2931366
Series D
7803108
2321984
9691035
1501071
Apr 30, 2019
7852095
Series D
7183741
2295011
7876930
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Convex's founders and board of directors

Founder? Claim Profile
The founders of Convex is Stephen Catlin. Stephen Catlin is the CEO of Convex.
Here are the details of Convex's key team members:

Convex's Board of Directors

Convex's board has 8 active members. Matthew Wilson and Benjamin Meuli are part of team and Theodore Simon Acton Butt, Anna Elizabeth Tucker, Claus-michael Dill, Fiona Elizabeth Kermode, Kelly Lyles and William Clare Marcoux are independent board members.
Here is the list of Convex's board of directors:
Name
Type
Representing
Status
Duration
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Team
-
Current
6y 5m
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Team
-
Current
8y 6m
Independent board member
-
Current
5y 7m
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Independent board member
-
Current
5y 1m
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Independent board member
-
Current
2y 5m
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Independent board member
-
Current
4y 2m
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Independent board member
-
Current
4y 4m
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Independent board member
-
Current
7y 3m

Convex's employee count trend

Convex has 710 employees as of Aug 26. Here is Convex's employee count trend over the years:
Employee count trend for Convex
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Convex's Competitors and alternates

Top competitors of Convex include ERS, Intact Ventures and Ascot Group. Here is the list of Top 10 competitors of Convex, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Convex
Convex
2019, London (United Kingdom), Acquired
Provider of international specialty insurance and reinsurance
$2.3B
60/100
2nd
Logo for ERS
ERS
1946, London (United Kingdom), Acquired
P&C insurance carrier
$350M
55/100
3rd
Logo for Intact Ventures
Intact Ventures
1809, Toronto (Canada), Public
Provider of insurance services and solutions for various industry sectors
-
53/100
4th
Logo for Ascot Group
Ascot Group
2005, London (United Kingdom), Acquired
Provider of insurance solutions for cargo, casualty, financial and professional lines, and environmental concerns
-
50/100
5th
Provider of liability and pension insurance services
$972M
50/100
6th
Logo for PHLY
PHLY
1980, Bala Cynwyd (United States), Acquired
Premier national insurance carrier providing comprehensive coverage and risk management solutions
-
-
49/100
7th
Logo for The Acorn Group
The Acorn Group
1981, St. Peter Port (United Kingdom), Late Stage
Insurance provider focused on non-standard policies for cars, vans, taxis, and households
-
44/100
8th
Logo for Ripe Insurance
Ripe Insurance
1998, Manchester (United Kingdom), Acquired
Provider of range of specialist insurance products, including photography, caravan, motorhome, valuables, and sports insurance, tailored to specific industries and activities
-
-
43/100
9th
Logo for Ageas
Ageas
1824, Eastleigh (United Kingdom), Unfunded
Provider of car, home, van, travel, and pet insurance policies
-
-
43/100
10th
Logo for Churchill
Churchill
1990, London (United Kingdom), Unfunded
Provider of vehicle property and residential insurance coverage policy options
-
-
40/100
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Convex's Investments and acquisitions

Convex has not made any acquisitions yet. Convex has made 6 investments.
Here is the list of latest three $investments:
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Sep 14, 2026
Investments
2015
Harwell (United Kingdom)
Dec 16, 2025
Investments
2020
Sep 19, 2024
Investments
2023
Lyon (France)
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See all investments by Convex

Reports related to Convex

Here is the latest report on Convex's sector:

News related to Convex

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Media has covered Convex for a total of 11 events in the last 1 year, 1 of them has been about people movement.
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FAQs about Convex

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