De Bacci Capital Hosts Fundraising Reception for SPIN Insurance in Dubai

De Bacci Capital hosted an exclusive fundraising reception for SPIN Insurance, a US startup, in Dubai.

Paul Handerhan, Founder of SPIN Insurance, presented a unique opportunity into the Florida 12 billion dollar residential homeowners insurance market, showcasing the real first mover advantage at play and why those that enter the market in the next 12 months are in the best position to seize on the opportunity.

Taken place at one of the most elite restaurants in the Dubai International Financial Centre, the event was attended by a vetted group of angel investors, wealth managers, private equity firms, investment banks, and family offices from De Bacci Capital’s network. Among the attendees were Emirates NBD Bank, Gateway Investment Management Services DFSA, GRIP (DIFC) Ltd., Antler, Optimist Ventures, Pegasus Capital Investments, Halliday Growth, Balfour Capital Group, Autograph Ventures, and others.

The investor presentation was followed by an upscale dinner prepared by a Michelin-star chef.

The following day, Countessina Anna De Bacci took an exclusive interview with Paul Handerhan about this unique investment opportunity at the Al Habtoor Palace Dubai:

Key reasons to become a shareholder in SPIN Insurance:

The Florida residential homeowners insurance market experienced severe financial stress between for three last 6 years, largely driven by social inflation, fraud, and liberal underwriting practices. However, for SPIN Insurance Exchange, Florida’s stressed and imbalanced homeowners insurance market is an opportunity.

• Florida insurance market statistics indicate dramatic improvements in financial health.
• Several new insurers have entered the Florida property insurance market in the past two years.
• Private investors have been committing risk capital to Florida’s insurance market which is a vote of confidence in the changed environment.
• There is a real first mover advantage at play, and those new entrants that enter the market in the next 12 months are in the best position to seize on the opportunity.

In addition to these positive macroeconomic opportunities, SPIN plans to deploy several operational efficiencies to extend its value proposition.

Current Stage: Planned launch Q1 2025.

Projected EBIDTA 2025: $66m.

Investment Offering: 25% of the company in exchange for the $50m in investment.

Minimum Ticket Size: $5m.

Pitch deck is available upon request.

For inquiries, please email us: admin@debacciofficial.org

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