Decisely Receives $60M Backing From Capital Investment Heavy Hitters

Decisely Receives $60M Backing From Capital Investment Heavy Hitters

Decisely, an HR and benefits platform for small businesses, just 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 streamline HR, benefits insurance and employee administration for small businesses in the US.

Kevin Dunn, the CEO of Decisely, says advanced benefits technology and the input of brokerage experts means Decisely is a technology platform which offers the personalized guidance generally 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.”

Brian Modesitt, the Managing Director at Two Sigma and a board member of Decisely, says the deal will mean both firms can take advantage of the latest in 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.”

Decisely aims to transform benefits insurance with a combination of dedicated account management, modern HR administration and an automated technology platform. The firm says they’ve re-imagined the way brokers and small businesses work together by offering benefits, HR resources, and technology to support small businesses across the United States.

Headquartered in Alpharetta, Georgia (with offices in California and Utah) Decisely combines dedicated, licensed trusted advisors – and a complementary technology platform – as a full-service broker-friendly solution for small business.

Two Sigma Private Investments are the private markets investment division of Two Sigma, and they focus on making investments to provide attractive diversifying sources of return via a growing team of more than 40 professionals. Their institutional private investment experience has resulted in investments totaling in excess of $1 billion.

EPIC, a retail property and casualty and employee benefits insurance brokerage and consulting firm, has created a client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence. The EPIC group now includes some 1,100 team members operating from offices across the U.S. who provide Property Casualty, Employee Benefits, Specialty Programs and Private Client solutions to more than 20,000 clients.  EPIC ranks among the top 20 retail insurance brokers in the United States.

The Carlyle Group are global alternative asset managers with more than $158 billion in assets under management. Those assets are spread across 281 investment vehicles and Carlyle say their purpose is to invest wisely – and create 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 boasts expertise in various industries from aerospace, defense and government services, consumer and retail concerns, energy, financial services, healthcare, industrial, real estate, technology and business services, telecommunications to  media and transportation.

The Carlyle Group employs more than 1,600 people in 35 offices on six continents.

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