Palatine Growth Credit Fund Secures First Exit as Duck Creek Technologies Acquires Send

Quick Summary

The Palatine Growth Credit Fund has achieved its first successful exit following the acquisition of Send Technology Solutions by Duck Creek Technologies. This deal highlights how growth credit provides essential non-dilutive capital for AI-powered insurance platforms to scale rapidly across the UK and US markets.

How Does Growth Credit Accelerate Insurtech Expansion?

Growth credit serves as a powerful catalyst for high-growth technology firms that require capital without immediate equity dilution. By securing funding from Palatine in December 2025, Send Technology Solutions was able to deepen US expansion and solidify its presence in the UK market within just six months. This financial structure allows founders to maintain greater control while accessing the liquidity needed for rapid international scaling.

• 90.97% IRR achieved for investors within a six-month window.
• 1.37x MOIC delivered following the acquisition by Duck Creek.
• Low dilutive capital provided a flexible alternative to traditional venture equity.

What Results Has Send’s AI Underwriting Delivered?

The AI-powered software developed by Send is designed to streamline complex risk assessment for insurers, MGAs, and reinsurers. By connecting disparate data sets and automating workflows, the platform enables insurance teams to make faster, better decisions from submission to bind. The acquisition by Duck Creek Technologies validates the platform's ability to drive profitable underwriting growth on a global scale.

• Underwriting orchestration platform trusted by global insurance markets.
• Streamlined submission workflows reducing manual operational friction.
• Enhanced decision-making capabilities for complex global risks.

Why is the Regional Tech Market Gaining Momentum?

The Palatine Growth Credit Fund specifically targets high-growth tech companies located in UK regions outside of London. This strategy addresses a historical funding gap, providing regional technology hubs with the sophisticated financial backing usually reserved for capital-city firms. The success of the Send exit proves that regional fintech innovation can deliver world-class returns and attract major international acquirers like Duck Creek.

FF NEWS TAKE:

This exit is a massive validation for the growth credit model in the UK. Achieving a 90% IRR in just six months is exceptional and proves that non-dilutive debt is no longer just a 'safety net' but a strategic growth credit tool for high-performing insurtechs. For the wider industry, Send’s rapid journey from regional funding to a major US acquisition by Duck Creek Technologies signals that the UK’s regional tech scene is punching well above its weight.