What is Development Solutions & Services?
Development Solutions & Services is a specialized provider of Owner Controlled Insurance Programs (OCIPs) for construction projects. The company offers comprehensive insurance coverage under a single policy, streamlining risk management for large-scale developments. Their core services encompass wrap-up administration, certificate of insurance management, risk assessments, and third-party peer review. By consulting with insurance agents, brokers, owners, and contractors, Development Solutions & Services ensures optimal understanding and implementation of wrap-up programs, thereby enhancing project safety and operational efficiency within the construction industry.
How much funding has Development Solutions & Services raised?
Development Solutions & Services has raised a total of $703K across 2 funding rounds:
Debt
$350K
Debt
$353K
Debt (2020): $350K with participation from PPP
Debt (2021): $353K led by PPP
Key Investors in Development Solutions & Services
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Development Solutions & Services?
The recent major strategic investment in Development Solutions & Services signals a strong confidence in the company's business model and its capacity for growth within the construction insurance market. This capital infusion is likely to fuel further expansion of their OCIP offerings and potentially broaden their service reach. The company's focus on risk mitigation and efficiency for construction projects positions it well for continued development and market penetration, especially in an industry where robust insurance solutions are paramount.
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