What is Development Solutions & Services?
Development Solutions & Services operates at the intersection of construction management and specialized insurance underwriting. The firm specializes in Owner Controlled Insurance Programs (OCIPs), providing a centralized framework for managing risk across multifaceted construction projects. By consolidating coverage under a single policy, the company streamlines the administrative burden for owners, contractors, and brokers alike. Their core competencies include wrap-up administration, rigorous certificate of insurance management, and comprehensive third-party peer reviews. By offering deep technical expertise in the underwriting process, the company ensures that stakeholders maintain optimal project safety and operational efficiency, effectively mitigating the liabilities inherent in large-scale development.
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
What's next for Development Solutions & Services?
With the recent influx of capital, Development Solutions & Services is well-positioned to expand its technological infrastructure and enhance its proprietary risk assessment platforms. The company is expected to leverage this financing to deepen its penetration into the enterprise-level construction market, where the demand for sophisticated wrap-up administration continues to rise. Future strategic initiatives will likely focus on automating certificate management workflows and scaling their consultation services to meet the evolving regulatory requirements of the global construction industry. By maintaining a focus on high-value project support, the firm aims to reinforce its status as an indispensable partner for stakeholders navigating the complexities of modern construction insurance.
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