We buy digital companies that sell, or should sell, insurance

We're an operator-led fund cornerstoned by the founders of embedded insurance unicorns. We're global and grounded. We invest as private equity partners when founders seek liquidity, succession planning or experienced operators to drive the next phase of growth.

Certified B Corporation
Deck2 Capital is B Corp-backed,
making good investments better.

Our acquisitions

Auto Europe

Auto Europe Group

Global car rental OTAAcquired December 2025

One of the world's longest-running car rental brokers, trusted by travellers and travel agents across North America, Europe and Australia. Now rebuilding its growth engine on Cove.

Built as a roll-up. Our portfolio is deliberately concentrated in areas where we have significant edge, and we hold assets permanently, often with founders remaining in the business.

+25%

EBITDA growth in year one

+7%

Insurance attach rate

+26%

Revenue from insurance distribution

-12%

Operating expenses

Our investment focus

What we look for next

Companies that sell insurance

Insurance MGAs, insurtechs and insurance distributors. Majority stakes and buyouts.

Companies that should sell insurance

Consumer internet, predominately travel and e-commerce, and SaaS, B2B and B2B2C, that can, or should, distribute insurance. Majority stakes/buyouts.

In every case: under-appreciated opportunities to grow revenue and expand margin.

Why Deck2

Built by the team behind embedded insurance unicorns

We're founders ourselves. No two paths are the same, so we're here to back you with buyouts via our PE fund when founders want to disembark or bring in experienced operators to help steer the next phase.

We're operators, not just capital. After a deal, Cove brings the product, technology and insurance distribution capability to grow revenue and expand margin, and experienced operators to help steer the next phase. We hold for the long term, so the business and the people in it keep compounding with us.

Operating partner

Insurtech partners

Operating partner

Cove

Insurtech partners

Cover Genius
Lloyd's
SOAP

Preparing to dock?

We're by your side if you're preparing to dock

We understand what comes next and can join you as a significant investor or we can structure a buy out that gives you the outcome you deserve.

Reach us on LinkedIn

Venture Capital

In addition to our buyouts, we invest in early stage venture capital. From product-market fit to pre-IPO.

Venture investments