Decisely, a small business HR and benefits platform, recently completed a $60 million funding round commitment from three major capital investment players.
The Carlyle Group, Two Sigma Private Investments, and EPIC, along with Decisely, say the funding will be used to help small businesses in the United States streamline HR, benefits insurance, and employee administration.
According to Kevin Dunn, CEO of Decisely, advanced benefits technology combined with the input of brokerage experts means Decisely is a technology platform that provides the personalized guidance typically provided by a benefits broker.
“Decisely is the only dedicated small business and broker–collaborative solution. We deliver a unique, complete service to both small businesses and the brokers who have traditionally served them,” said Dunn. “We combine dedicated, licensed trusted advisors and a complementary technology platform as a full-service broker-friendly solution for small business.”
According to Brian Modesitt, Managing Director at Two Sigma and a board member of Decisely, the deal will allow both companies to benefit from cutting-edge technology and business experience.
“We are pleased to be partnering with Decisely as it transforms the small business segment for HR and benefits,” said Modesitt of the funding activity. “In addition to our investment, we are excited to provide Kevin and Decisely with access to Two Sigma’s significant platform capabilities, which we work to do with each of the companies in which we invest, including our insurance capabilities, which are aimed at bringing Two Sigma’s deep expertise in data science and technology to the insurance industry.”
With a combination of dedicated account management, modern HR administration, and an automated technology platform, Decisely aims to transform benefits insurance. The company claims to have reimagined the way brokers and small businesses collaborate by providing benefits, HR resources, and technology to small businesses across the United States.
Decisely, headquartered in Alpharetta, Georgia (with offices in California and Utah), offers a full-service broker-friendly solution for small businesses by combining dedicated, licensed trusted advisors with a complementary technology platform.
Two Sigma Private Investments is Two Sigma’s private markets investment division, with a growing team of over 40 professionals focused on making investments that provide attractive diversifying sources of return. Their institutional private investment experience has resulted in over $1 billion in investments.
EPIC, a retail property and casualty insurance brokerage and consulting firm, has established a client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty, and maintains a high level of customer service excellence. The EPIC group now has approximately 1,100 team members working from offices throughout the United States to provide Property Casualty, Employee Benefits, Specialty Programs, and Private Client solutions to over 20,000 clients. EPIC is one of the top twenty retail insurance brokers in the United States.
The Carlyle Group is a global alternative asset manager that manages more than $158 billion in assets. Carlyle’s assets are spread across 281 investment vehicles, with the goal of investing wisely – and creating value – on behalf of its investors, many of whom are public pensions. Carlyle invests in Africa, Asia, Australia, Europe, the Middle East, North America, and South America, and the firm has experience in a wide range of industries, including aerospace, defense and government services, consumer and retail businesses, energy, financial services, healthcare, industrial, real estate, technology and business services, telecommunications, and media and transportation.
The Carlyle Group employs over 1,600 people across six continents in 35 offices.