Forge Group (previously Amalgamated Specialty Group Holdings)

Forge Group (previously Amalgamated Specialty Group Holdings)

Closed: Feb. 2023

About this raise

Forge Group is raising funds independently through Reg A+ crowdfunding. The company provides commercial automobile insurance products for the owners of taxi cabs, sedans, and other light transportation vehicles. The product offerings of Forge Group are tailored according to the needs of the customers and target trade and service providers. The business is expanding by developing new insurance products for electricians, plumbers, carpenters, and other service providers. Patrick J. Bracewell founded Forge Group in 2020. The current crowdfunding campaign has a minimum target of $17,000,000 and a maximum target of $23,000,000. The campaign proceeds will be used to fund new product launches, deploy capital to acquire new talent and support the organic growth of the insurance business.

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Investment Overview

Funding data not publicly available

Deal Terms

Platform
Self Managed
Start Date
02/09/2022
Close Date
02/06/2023
Min. Goal
$17,000,000
Max Goal
$23,000,000
Min. Investment

$500

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$10.00

Company & Team

Company

Year Founded
2020
Industry
Financial & Insurance Products & Services
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Chevy Chase, Maryland
Business Type
Growth
Company Website
Visit Website

Team

Employees
24
Founder Name
Patrick Bracewell
Title
CEO

Funding data not publicly available

Financials

 Revenue
$0
 Monthly Burn
Profitable
 Cash on Hand
$0

Balance Sheet

Cash and Cash Equivalents

$0

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$0

Loans

$0

Property, Plant and Equipment (PP&E)

$0

Property and Equipment

$0

Total Assets

$0

Accounts Payable & Accrued Liabilities

$0

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$0

Total Liabilities

$0

Total Stockholders' Equity

$0

Total Liabilities and Equity

$0

Statement of Comprehensive Income Information

Total Revenues

$0

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$0

Total Interest Expenses

$0

Depreciation and Amortization

$0

Net Income

$0

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: Johnson Lambert LLP
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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/06/2023 Self Managed - - Equity - Common Funded RegA+
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Add to portfolio
Forge Group on Self Managed 2022
Platform: Self Managed
Security Type: Equity - Common
Price per Share: $10.00

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Warning: according to the close date for this deal, Forge Group (previously Amalgamated Specialty Group Holdings) may no longer be accepting investments.

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