Brookfield InsureTech affiliates raising $4 million

MRS Growth, MRS Investor Group seeking investors

Last updated on July 12th, 2019 at 02:03 pm

Insurance technology firm affiliates MRS Growth Co. and MRS Investor Group Co. have filed with the SEC to raise $4 million of investor funding.

MRS Growth is raising $500,000 in an equity round and MRS Investor Group Co. is seeking $3.5 million in an equity and debt round, neither of which have secured investors so far.

Shawn Pucylowski, chief financial officer of Brookfield-based Management Research Services Inc., was listed on the two SEC filings. Founded in 1988, MRS develops customized insurance underwriting technology. Pucylowski incorporated MRS Growth Co. in March and MRS Investor Group Co. in May, according to state records.

He did not return a call seeking comment on the funding efforts this morning.

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Molly Dill
Molly Dill is managing editor at BizTimes Milwaukee, where she also covers entrepreneurship and financial services. Dill joined BizTimes as a reporter in 2011, advancing to associate editor in 2013 and managing editor in 2015. Previously, she was a reporter for the Marshfield News-Herald in central Wisconsin. Dill holds a bachelor's in journalism from Marquette University. She lives in Wauwatosa with her husband, Jesse, and her dog, Tuck.