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FirstBest

FirstBest

An insurance technology company creating software to improve insurance underwriting profitability.

FirstBest is an insurance technology company creating software to improve insurance underwriting profitability that is headquartered in Bedford, Massachusetts and was founded in 2006 by John Belizaire and Joseph Pilkerton.

Funding

Series A

On November 26, 2007 FirstBest completed their series A funding round with $7 million in funding from IDG Ventures (lead investor), NextStage, Flybridge Capital Partners, and Brookstone. 

Series B

On March 24, 2009 FirstBest completed their series B funding round with $6 million in funding from Flybridge Capital Partners and Brookstone Partners. 

Venture round

On April 3, 2014 FirstBest completed a venture funding round with $10 million in funding from NewSpring Capital (lead investor), Flybridge Capital Partners, and Brookstone Partners. 

Series C

On January 16, 2017 FirstBest completed their series C funding round with $7.8 million in funding from Flybridge Capital Partners.

Acquired by

Guidewire Software

On August 4, 2016 FirstBest was acquired by Guidewire Software for $34 million. 

Timeline

People

Name
Role
LinkedIn

Chip Hazard

Board member



Further reading

Title
Author
Link
Type
Date

Insurance Software Provider FirstBest Systems Closes $10 Million in Growth Financing

FirstBest Systems

Web

April 3, 2012

Documentaries, videos and podcasts

Title
Date
Link





Companies

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CEO
Location
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References