Advantage Insurance Inc.. announced that it has received funding from new investor, MVC Capital, Inc. on October 11, 2013. The transaction also included investment from the management of the company and other investors. MVC Capital, Inc., a fund managed by Tokarz Group Advisers LLC invested $7.5 million in the transaction. The company issued convertible preferred shares in the transaction.


On October 11, 2013, Advantage Insurance Inc.. closed the transaction.