Accel-KKR Credit Partners Provides Growth Financing to OneShield
Menlo Park, CA & Marlborough, MA – Feb 27, 2025 – Accel-KKR Credit Partners today announced that it has provided growth financing to OneShield Software, a provider of core software systems to property & casualty insurance carriers and managing general agents, including startup insurers. Accel-KKR Credit Partners is a private credit fund managed by Accel-KKR, a leading global software-focused investment firm headquartered in Silicon Valley.
“We are excited to announce our new partnership with Accel-KKR,” said Cameron Parker, CEO of OneShield. “We have spent the last few years investing in both of our platforms (OneShield Enterprise and OneShield Market Solutions), and we are leaning heavily into artificial intelligence to unlock additional value for our insurance customers. We have long been impressed with the depth and breadth of Accel-KKR’s software expertise, as well as their strategic insights on opportunities to further our upward momentum.”
Founded in 1999, OneShield offers two innovative platforms for insurance carriers to provide a system of record and manage day-to-day operations. The software allows growing insurance companies to have continuity in technology across policy administration, billing and claims management. Additionally, OneShield offers enhanced capabilities including reinsurance, large schedule policy support and in-house agency management. With support for over 90 lines of businesses and deep experience in specialty lines, OneShield can help insurers quickly stand-up new insurance products to respond to evolving market needs.
OneShield was acquired in September 2020 by a search fund led by brothers Cameron and Brandon Parker, with Pacific Lake Partners and Bain Capital Credit serving as anchor investors. Since that time, OneShield has grown with its existing insurance customers, and added numerous new logos to its roster.
“Accel-KKR Credit Partners is the right partner for OneShield at this stage of our journey,” said Brandon Parker, President & COO of OneShield. “We were looking for a financing partner with a long-term perspective who understands the nuances of growing software companies. The team at Accel-KKR is very knowledgeable about our space and brought strategic capital solutions to the table. We look forward to the next chapter of growth with Accel-KKR as our financing partner.”
“OneShield is led by a talented team who is bringing a fresh perspective to a mature market,” said Samantha Shows, Managing Director at Accel-KKR. “We have been impressed to see the evolution of the business since Cameron and Brandon’s stewardship, and we look forward to seeing the company continue its acceleration in the insurtech market.”
About OneShield:
OneShield provides business solutions for property and casualty insurers and MGAs of all sizes. The cloud-based and SaaS platforms include enterprise-level policy management, billing, claims, rating, relationship management, product configuration, business intelligence, and smart analytics. Designed specifically for personal, commercial, and specialty insurance, OneShield solutions support over 90 lines of business. OneShield’s clients, some of the world’s leading insurers, benefit from optimized workflows, pre-built content, seamless upgrades, collaborative implementations, and pricing models designed to lower the total cost of ownership. OneShield’s global footprint includes corporate headquarters in Marlborough, MA, with additional offices throughout India. Visit www.OneShield.com to learn more.
About Accel-KKR:
Accel-KKR is a technology-focused investment firm with over $21 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs, and going-private transactions. Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, Chicago, London, and Mexico City. Visit accel-kkr.com to learn more.
About Accel-KKR Credit Partners:
Accel-KKR Credit Partners provides debt financing to leading software businesses. The fund structures non-dilutive investments for founder-owned businesses and flexible credit products for institutionally-owned businesses. The debt capital is used to support acquisitions, dividends, shareholder buy-backs, and growth investment. Accel-KKR Credit Partners has completed over 80 investments and has deployed over $1 billion in capital.
