‍DPL Raises $26 Million in Funding

DPL Financial Partners announced a $26 million combined equity capital investment from its initial investor, Eldridge, and Atlas Merchant Capital, the private investment firm founded by Bob Diamond and David Schamis.

The insurance network for RIAs plans to invest the proceeds in the development of technology and infrastructure to “support its growing advisor base of more than 10,000 advisors and continue to bring commission-free annuity and insurance products to their clients,” it said.

In connection with the investments, representatives from Atlas Merchant Capital and Eldridge will join a newly formed board of directors for DPL that will also include David Lau, CEO and founder of DPL, and two independent members to be named later.

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