Mutuus

Mutuus is an insurtech offering medical and hospital expense memberships to a middle-income market. It came to G2 with proven growth and an innovative product, but with a cap table that was not suited to the venture capital industry. G2 redesigned the capitalization table, built the valuation and materials, ran the investor process and supported due diligence through the closing of a USD 3.2 M round led by Amador Ventures.

Context

Mutuus had a track record of growth and an innovative proposition in a large market. Its goal was to raise an institutional equity round.

Challenge

The shareholding structure was not optimal for venture capital, and the strategy, valuation and documents to present the company to an investment committee had yet to be defined.

What G2 did

G2 redesigned the cap table and negotiated with existing investors to align interests; built projections and a valuation consistent with the growth strategy; prepared the materials and defined the size, structure and terms of the round; identified investors with a thesis fit and facilitated introductions and follow-up; prepared the due diligence documentation and supported the review and negotiation of the agreements.

Outcome

USD 3.2 M round with Amador Ventures as lead investor.

This transaction is published with client authorization. The information is limited to what was agreed with the parties and does not constitute investment advice or an offer of securities.