American Family Ventures

New insurance models are disrupting a centuries-old industry with a focus on personalization and convenience

InsurTech: Personal Lines

Clearcover is a fully digital automobile insurance provider that offers insurance coverage and claims filing using online channels along with other value-added services such as roadside assistance. The company leverages AI and machine learning models to provide personalized pricing to its customers and validate claims. The company states that it can handle 96% of all claims virtually. Clearcover also launched a <a href="https://sp-edge.com/updates/27767">GenAI-powered claims intake tool</a> to navigate a conversation-driven experience after First Notice of Loss (FNOL) to collect information about an accident. The tool available through its mobile app includes a claims assistant and a real-time customer question resolution feature. It plans to incorporate the tool into its agent portal and website in the future.Clearcover also uses an application programming interface (API) to offer embedded car insurance. This powers <a href="https://sp-edge.com/updates/21232">Choice, </a>an end-to-end embedded auto insurance solution that allows brands to provide auto insurance policy options from various carriers to their customers.As of January 2024, Clearcover offered its policies in 19 states in the US.Key customers and partnershipsIn May 2020, Clearcover partnered with claims management solution vendor Snapsheet to fully digitize its own claims function from First Notification of Losses (FNOLs) to disbursements. Moreover, it collaborated with Experian to offer car insurance on the latter’s insurance comparison site <a href="https://sp-edge.com/updates/18045">in April 2023 </a>. This was part of Clearcover’s strategy to expand its distribution channels.Fundings and financialsIn April 2021, the company raised USD 200 million in a Series D funding round, led by Eldridge, at a valuation in excess of USD 1 billion. The company expects to use the funding toward product development and increasing headcount.For FY2022, the company generated total direct premiums written of USD 140.7 million (up 79% YoY) and recorded USD 61.4 million in net premiums earned. Its net losses amounted to USD 38.7 million for the year, while its loss ratio and combined loss ratios stood at 115% and 158%, respectively.

Branch offers digital products for homeowners, renters, and automobile insurance. The company provides customized coverage using data from public databases, such as the Department of Motor Vehicles (DMV), to collate information on users and price insurance policies online. Users can file claims through the company’s website or mobile app. Branch also offers customers the ability to bundle multiple insurance products for additional savings. The company’s policies are underwritten by Branch Insurance Exchange (the company’s own reciprocal insurance exchange). As of October 2020, Branch Insurance Exchange was available in the state of Ohio. In other states, Branch’s policies are underwritten by General Security National Insurance Company.The company also partners with other organizations to embed its insurance products into their buying processes.As of June 2022, the company operated in 28 states.Funding and financialsIn June 2022, the company raised USD 147 million in Series C funding at a valuation of USD 1.1 billion led by Weatherford Capital. It aimed to use the funds to support its expansion across the US.

Chelsea Avondale is a home insurance group developing risk models to underwrite personal property risk. It also offers homeowners, tenants, landlords, and condo insurance in Canada through Max Insurance, its wholly owned subsidiary. The company is also open to partner with industry leaders to provide its software.The company developed Skynet, a risk technology, for property and casualty insurance, which evaluates the scientific principles that trigger insurance claims and prices them accordingly, with a focus on evaluating each risk separately and analyzing risk specifics to a single policy rather than for an entire group. The company's technology claims to run at least 10,000 years of catastrophic events per peril through a multitude of physics-based models and at least 4 million years of simulations via ML models for non-catastrophe perils. Through this, the company evaluates risk per policy and claims completion of the process in less than two seconds at the point of sale.Fundings and financialsIn May 2023, the company announced that it raised an <a href="https://sp-edge.com/updates/18812">undisclosed amount in a Series C funding round </a>led by MSD Partners and L.P., with participation from American Family Ventures. The fresh funds were to be used toward expanding the company’s homeowners insurance in Canada, which is underwritten by its wholly-owned subsidiary, Max Insurance. Additionally, the funds would support the company's expansion into international markets.

Boundless rider provides insurance coverage focusing on riders of motorcycles, e-bikes, and power sport vehicles. Customers can purchase policies over the phone or mobile app, which also records telematics data and log details of any accidents. Users can also earn points by sharing data through the app, which could then be converted into donations toward selected charities.As of April 2024, the company provided its coverage in Arizona, Illinois, Texas.Key customers and partnershipsIn October 2023, the company entered a <a href="https://sp-edge.com/updates/23239">distribution partnership with Assurity Life</a> to offer supplemental accidental death and dismemberment coverage with its rider insurance.Funding and financialsIn October 2023, the company raised USD 4.25 million in a <a href="https://sp-edge.com/updates/23239">funding round</a> led by American Family Ventures with participation from Assurity Life and Belmont Capital. It had planned to use the funds to form new partnerships with insurance companies, retail agents, and dealers as well as to expand its coverage nationwide.Key competitors: None comparable (Boundless Rider is the only startup that offers insurance cover for riders of motorcycle, e-bikes, and other specialty vehicles.)

InsurTech: Infrastructure

<div>
 
 One provides a Software-as-a-Service (SaaS) payment platform for insurers to digitize the payment processing of premiums and claims. The company&rsquo;s platform integrates with core insurance platforms such as Guidewire and Majesco, and supports multiple payment channels, while providing avenues to engage policyholders throughout the payment process. As of April 2021, One Inc had more than 170 customers and had processed 45 million payment transactions, exceeding a cumulative value of USD 15 billion.
 
 
 In August 2020, the company acquired digital claims payment platform provider Invenger Technologies to bolster its own claims payment offering.
 
</div>

<div>
 
 Pendella offers white-labeled solutions to life and disability insurance providers to automate the underwriting process using its proprietary recommendation engine and cloud-based platform, which uses AI and big data to tailor life insurance options to meet the unique needs of every customer regardless of age, health condition, or income level. Through its solutions, customers are able to obtain insurance without any paperwork and a medical exam.
 
 
 Key customers and partnership&nbsp;
 
 
 In January 2022, Pendella partnered with AON to provide its digital life insurance solution to the firm&rsquo;s PEO Solutions Group. Through the agreement, the company aimed to provide 1.3 million employees of SMEs access to tailor-made life insurance and other financial protections. In addition, the company 
 <a href="https://sp-edge.com/updates/21165">
 partnered with Fourth
 </a>
 (in August 2023), a workforce and inventory solutions provider for the hospitality and retail industry, to integrate its life insurance technology into the latter's platform.
 
 
 Fundings and financials&nbsp;
 
 
 In April 2023, the company raised USD 2.7 million in funding, led by Naples Technology Ventures. The funds were to be utilized to support Pendella's continued growth.
 
 
 
</div>

<div>
 
 GradientAI is an AI-based predictive analytics platform for insurers for use in the underwriting and claims management process. The company&rsquo;s underwriting solution helps identify risks and determine premiums accordingly, thereby enabling full automation of the underwriting process. GradientAI&rsquo;s claim management platform helps predict claims, estimate potential claim payouts, manage resources and identify fraudulent claims.
 
 
 In March 2022, the company announced a partnership with Socotra&mdash;a provider of a core insurance platform to improve the ability to assess risk, reduce claim expenses to clients, price policies competitively, and reduce turnaround times through the Socotra platform.&nbsp;
 
 
 Gradient AI&rsquo;s last funding round was in April 2021, where it raised USD 20 million in a Series B funding led by American Family Ventures. The company aimed to use the fresh capital to accelerate customer acquisition and widen its product portfolio.
 
 
 
</div>

Property owners and real estate companies are able to handle larger portfolios while offering faster and cheaper services.

Residential PropTech

Rentable, formerly known as ‘ABODO’ is a digital platform that operates a marketplace for rental properties. The platform mainly targets a younger clientele, primarily focusing on the Gen Z segment. In addition to this, the platform also provides tools for property managers, which facilitate the digitization of the leasing processes such as market positioning and pricing, listing and ad management, and lead management.&nbsp;Rentable includes a section for university housing on its platform. This feature allows students to search for off-campus apartments near various colleges across the US. Users can find listings close to institutions such as Florida State University, Michigan State University, and Ohio State University, among others. The service aims to assist students in locating suitable housing options that align with their requirements and budget while considering proximity to campus. This university-focused search is integrated into Rentable's broader rental marketplace.As of August 2024, the Rentable had over 7.6 million apartments listed on its platform.

Reggora provides appraisal solutions to property appraisers and mortgage lenders. According to the company, securing a mortgage loan is a slow process partly due to the manual process of finding appraisers, scheduling inspections, and tracking work progress.Reggora’s appraisal platform automates the whole workflow process mentioned above, such as searching for appraisers, scheduling appraisal inspections, automated underwriting, status updates, and reviewing final appraiser products. As a result, Reggora can complete the appraisal process much faster than the traditional procedures, allowing appraisers to accommodate more requests.The company states that it works with national and regional lenders across the US. In 2019, the company managed to expand its client base significantly.In May 2023, the company launched the Appraisal Marketplace, a solution for mortgage lenders that uses an algorithm to optimize residential real estate appraisals. By leveraging real-time data, the platform matches orders with appraisers based on factors like performance, workload, and proximity. Reggora claims this can significantly improve efficiency, with North Easton Savings Bank reporting a 35% faster turnaround time after adoption. The Appraisal Marketplace aims to reduce the time and cost of appraisals, potentially enabling lenders to offer mortgages in five days or less.In June 2023, Reggora launched Reggora Appraisal Review, an AI-powered tool for mortgage lenders to automate and streamline the appraisal review process. By using AI and machine learning, the software identifies key data points, inconsistencies, and potential biases in reports, reducing human error and improving efficiency. It integrates with existing systems, allowing lenders to align with industry regulations and investor guidelines, ultimately helping to lower repurchase risks and ensure appraisal quality.Key customers and partnershipsIn June 2023, Reggora partnered with Loan Originator Networks (LON) to automate appraisal order compliance for wholesale brokers and non-delegated correspondents. This collaboration was to ensure compliance with updated appraiser independence requirements by using Reggora's system to automatically assign orders to the best-performing vendors.

<div>
 
 RoofMarketplace is a platform that helps homeowners connect with professionals for their property’s roofing needs. The company uses aerial imagery to estimate roof measurements and client job requests without the need for in-person visits. The platform also helps insurance agents estimate roofing claims and find suitable professionals for the job.  
 
 
 In July 2021, RoofMarketplace raised USD 1.1 million in a seed funding round co-led by Rock River Capital Partners and American Family Ventures. The company plans to use the funds to fill key management roles, support business growth, and enter new markets across the US. 
 
 
 
</div>

Automation and robotics are finally creating solutions for the complexities of doorstep deliveries.

Last-mile Delivery Automation

<div>
 
 German startup Teraki offers software solutions for connected car, telematics, autonomous vehicle, and delivery droid applications. Its technology in droids uses AI-based real-time processing of sensor signals, machine learning, cameras, and LiDAR to perceive the environment. The robots can carry a payload of up to 22 lbs and operate for 8+ hours on a single charge. Its robots are capable of Level 4 autonomous navigation (i.e., capable of navigating without human interventions in specific conditions or environments). Teraki planned to achieve greater autonomy in the long run and have one human manage 10+ robots.
 
 
 Key customers and partnerships
 
 
 Teraki partnered with online food delivery company Foodora to deploy droids in Stockholm, Sweden 
 <a href="https://sp-edge.com/updates/9032">
 (March 2022)
 </a>
 and with Domino&rsquo;s Pizza to pilot autonomous deliveries in Berlin, Germany 
 <a href="https://sp-edge.com/updates/10816">
 (April 2022).
 </a>
 
 
 The company also has a product partnership with DriveU.auto to integrate its teleoperation and connectivity platform into its droids (May 2022). 
 
</div>

A concentration of wealth and a willingness to adopt age-in-place technologies present new opportunities.

Age Tech

TCARE is a caregiver support platform that aims to alleviate caregiver bottlenecks such as burnout and delays in nursing home placement. With a focus on supporting at-home care TCARE offers services such as monitoring and support for caregivers (TCARE Assist), a database of 168 categories of social determinants of health resources to simplify caregiving (TCARE Connect), an online database of caregiving resources (TCARE Insights) and a family engagement app (TCARE Engage).&nbsp;The company operates on a B2B basis working with caregiving organizations and health plan providers mainly.&nbsp; Key customers and partnershipsAs of September 2022, the company has partnered with companies such as United Healthcare, Cigna, and Prudential. In June 2023, TCARE partnered with The Helper Bees (THB) to provide a comprehensive aging-in-place program. Other notable partnerships include The New York State Office for the Aging (NYSOFA; November 2023), Bloom Health, Caregiving.com, Sagewell Financial, and the Central Illinois Agency on Aging (June 2023).

Earth-friendly biotech solutions for the textile, packaging and construction industries.

Bio-based Materials

North Carolina-based Plantd converts renewable grass into building materials for residential homes. The structural building panels produced by the company are used for wall sheathing, roof decking, and subflooring. The company claims that Plantd materials are stronger, lighter, more moisture-resistant, and carbon-negative.Plantd cultivates the fastest-growing perennial grasses, which are then transformed into durable building material using automated, low-emission, low-cost production technology.&nbsp; The company claims that its proprietary technology can improve building material quality by nine times. The company was in the prototyping phase as of October 2021, using a lab in Durham, and the company launched its product in 2023.&nbsp; Key customers and partnershipsIn June 2023, the company partnered with US-based homebuilder D.R. Horton to sell&nbsp; 250,000 structural panels for wall sheathing and roof decking to be installed in over 1,000 new single-family houses, starting in North Carolina.&nbsp;Funding and financials&nbsp;In <a href="https://sp-edge.com/updates/15686">January 2023</a>, Plantd raised nearly USD 13.6 million in a combination of both equity and debt financing, including shares of Series A convertible preferred stock with the participation of 31 investors for its growth.

Leveraging personal data for custom-fit diagnosis and treatment

Precision Medicine

healthŌme is a genomics-based, precision health management company with a focus on oncology. The company provides its policyholders with genomics-based precision health navigation and management services through partnerships with insurance carriers.healthŌme offers a range of services, including pharmacogenomic testing, medication safety management programs, hereditary cancer risk screening, genetic counseling, and comprehensive post-diagnostic genomic profiling for cancer treatment guidance.&nbsp;Its key offering CancerŌme is a suite of solutions that integrates advanced genomic and molecular technologies to personalize cancer treatment. This platform uses modern diagnostics to analyze the molecular profile of tumors, with aims to enhance the accuracy of cancer diagnosis, predict treatment responses, and improve patient outcomes.In May 2024, healthŌme announced the completion of the acquisition of<a href="https://sp-edge.com/updates/18972"> Kailos Genetics</a>, a CLIA-certified and CAP-accredited genetic testing laboratory, positioning itself as an integrated precision health management company serving the insurance and life science industries.Key customers and partnershipsIn March 2024, healthŌme formed a strategic partnership with GalenusRx, a medication safety organization, to provide personalized medication support plans for policyholders, reducing adverse drug events and improving medication safety.

Proactive security solutions for the physical world

Smart Security Tech

Wyze Labs is a technology company based in Seattle that specializes in producing affordable smart home devices and services. Its core product offerings are centered around home security systems and cameras. In December 2020, Wyze shook up the home security market by launching an inexpensive professional monitoring service for its home security system. For just USD 60 per year or USD five per month, customers receive 24/7 professional monitoring from a third-party provider called Noonlight. This undercuts competitor pricing significantly, such as Ring's monitoring fees.
The Wyze Home Monitoring Core Starter Kit includes a hub, keypad, entry sensors, and motion sensor that can trigger recording on Wyze cameras and smart lights/plugs to turn on. The system has home/away modes, and the hub contains an 82dB siren. Components communicate using 915MHz radio for long range. Wyze plans to expand the system with water leak and temperature sensors.
In addition to home security, Wyze is known for its affordable smart home cameras like the Wyze Cam launched in 2017. The cameras integrate with the security system and provide AI detection through the Cam Plus subscription service. Wyze's product ecosystem extends to smart bulbs, locks and other IoT devices controllable through its app and voice assistants.
Wyze has rapidly grown its product line since being founded in 2017 by former Amazon employees in Seattle. Its mission is to create accessible smart home technology by keeping costs low. While Wyze's affordable products are manufactured in China through partnerships, the company stores all user data securely in the US and emphasizes strong data privacy practices.

Promises increased productivity, cost-efficiency, and competitiveness in the legal industry

LegalTech

Alix is a fintech company that has developed a pioneering wealth transfer platform to revolutionize the process of estate settlement. The company's platform combines empathetic AI and live support from experts to guide individuals through every step of the estate settlement journey, streamlining what is typically a complex and time-consuming process.
Alix's technology aims to modernize the outdated estate transfer system, which often involves a mix of analog and digital demands, forcing family members to dig up numerous online passwords and potentially hire professionals such as CPAs, trust administrators, and attorneys. The platform is designed to provide a holistic solution, automating and simplifying the estate settlement process.
By leveraging AI and a trained human support team, Alix's intuitive app is engineered to automate, simplify, and streamline the estate settlement journey holistically. The company's platform and human-powered concierge services guide users through settling an estate, regardless of where or when they start their journey.
Alix's mission is to facilitate wealth transfer across generations, harnessing AI with a human touch to solve a fundamental human problem. The company's approach seeks to create a more positive experience for individuals during the difficult time of settling a loved one's estate, allowing families to focus on what matters most – each other.
As of September 2023, Alix had secured USD 5.5 million in seed funding and had already started operations with paying customers and distribution partners, including life insurance carriers and funeral homes.

Climate Risk Analytics

<div>
 
 One Concern is a climate analytics company that develops a digital twin of Earth for climate and disaster resilience. The company leverages AI, machine learning, and climate resilience modeling frameworks to support organizations better understand and take proactive measures to mitigate physical climate risks.
 
 
 
 
 One Concern&rsquo;s product offering includes One Concern Dominion, One Concern DNA and One Concern Ready. The company&rsquo;s flagship product One Concern Dominion is a digital twin of the Earth which models the effect of natural disasters on communities and predicts which assets will fail first during natural disasters. One Concern DNA offers climate resilience data and analytics for asset-level portfolio analysis, precision risk selection, asset valuation, and risk pricing. One Concern Ready generates flood predictions and earthquake damage estimates.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 In June 2022, One Concern entered into a strategic alliance with WTW, an advisory, broking and solutions provider, to provide the US insurance market with One Concern Resilience Score, for adoption of parametric insurance caused from physical climate risks. In August 2020, One Concern partnered with SOMPO Holdings, a Japanese insurance company, to leverage AI-enabled climate resilience technologies across the Japanese market.&nbsp;
 
 
 
 
 As of November 2022, One Concern was offering curated datasets for businesses, with plans to go public in late 2022.
 
 
 
 
 Funding and financials&nbsp;
 
 
 
 
 In June 2021, One Concern raised USD 45 million in a venture round led by SOMPO Holdings. The investment was part of a USD 100 million, multi-year agreement to integrate One Concern&rsquo;s platform into the Japanese market.&nbsp;
 
 
 
</div>

Simplifying the insurance experience for businesses using technology

InsurTech: Commercial Lines

<div>
 
 Bunker is a digital insurance platform specializing in business insurance solutions for the gig economy and small businesses. Bunker offers a range of contract-related insurance products, including general liability, professional liability, and cyber liability insurance. The company's platform allows users to obtain instant insurance coverage and compliance certificates, simplifying the process for freelancers and independent contractors to meet contractual requirements. Bunker differentiates itself by providing real-time, usage-based insurance tailored to the unique needs of its clients​​.&nbsp;
 
 
 
 
 Key customers and partnerships
 &nbsp;
 
 
 Bunker mainly focuses on catering to Amazon sellers, offering tailored insurance solutions to meet the specific requirements of the ecommerce platform. The company's platform streamlines the process of acquiring insurance policies, allowing most Amazon sellers to secure the required coverage within 48 hours of requesting a quote. Bunker's insurance offerings for Amazon sellers include product liability insurance, general liability insurance, professional liability insurance, and additional protection through riders. The company provides a 30-day cancellation policy, allowing clients to change their coverage.
 
 
 The agency collaborates with established insurance carriers, such as Chubb, and brokers to provide comprehensive coverage options to its client base.
 
</div>

XP Health is a health tech startup introducing a new kind of vision benefit for employees leveraging machine learning. Founded in 2019 by Antonio Moraes and James Wong, XP Health is an AI-powered vision benefits platform for employees and their families to get frames from the world’s leading designers like Tom Ford, Ray-Ban, Armani, Gucci, Coach. Its proprietary deep learning model uses facial recognition technology that recommends the best frames based on facial dimensions with 98% accuracy. The company is working with companies like Chegg, Zenefits, and Sequoia Consulting Group.

Ledgebrook is a tech-enabled E&S MGA looking to provide the fastest, easiest quoting experience to wholesale brokers while delivering best-in-class pricing and risk selection via their innovative next-gen tech stack. Led by insurance industry veterans, the ultimate vision for Ledgebrook is to become a globally diversified reinsurer built from the ground up with modern technology.

BurnBot is a collaborator, bringing the best in forestry and fire technology to scale wildfire mitigation and vegetation management services systematically.

healthŌme creates omics-based products for the critical illness and life insurance industry.

Chamber Cardio is a healthcare platform enhances cardiovascular health services offering panel management, financial metrics, clinical data, software support, and value-based contracting, enabling patients and healthcare sectors to receive appropriate treatment.

Spark Advisors is a technology-enabled brokerage that partners with independent agents to deliver a concierge service for navigating retirement benefits.

INGENIOUS.BUILD is a cutting-edge technology company specializing in project management software for the Real Estate Development and Construction industry. By leveraging data, automation, and real-time insights, INGENIOUS.BUILD empowers organizations and all stakeholders to manage projects with precision and reduced risk.  The platform is an automated cloud-based application comprised of three seamlessly connected modules. These modules have been meticulously crafted to streamline everyday operations spanning project financials, project management, and construction administration. Effortlessly oversee your development projects and maintain real-time connectivity with every project team member, all within a singular, user-friendly interface. Dedicated to innovation, efficiency, and excellence, INGENIOUS.BUILD is committed to building the future within the development and construction industry.

Entrio is the pioneer of Responsible Tech Adoption, helping financial institutions to manage and streamline their use of technology with a Live Solutions Catalog. The company’s innovative approach ensures optimized spending, efficient tech use and reuse, and a transparent tech ecosystem, leading to agility and sustainable growth in the financial sector.

Alix is powering wealth across generations. Over the next 2 decades $84 trillion of wealth will be transferred within families. Alix is the platform and service provider to make that transfer totally seamless so those families can focus on what’s most important, each other.

Chelsea Avondale is an investor base to acquire property and casualty insurance companies and introduce sophisticated pricing methodologies and advanced systems to deliver exceptional risk-adjusted returns. They believe that community-based insurers serve their policyholders and outperform the industry as a whole.

Plantd is a producer of building materials designed for green and zero-carbon housing. To ensure that carbon absorbed in the field is locked away inside the walls and floors of new homes, the company's products are created using industrial hemp and renewable grass. This enables customers to ensure cost management, carbon removal, and optimal material performance. They are business owners and engineers who think that reinventing the present is the first step in creating a prosperous future.

Boundless Rider is committed to bringing product innovation, rider centricity, and excellence in claims to users of speciality vehicles.

TCARE offers a family carer support program thus preventing nursing home placement. The company platform reduces care claims for medicaid and life insurance carriers. They offer nursing home placement services.

Sana Benefits provides insurance health plans for small and medium businesses or individuals. The company offers simplified plans, ensuring you pay an honest price, and prioritizing customer service. It was founded in 2017 by Nathan Hackley and Will Young and is based in Austin, Texas, United States.

Branch is a full-stack insurance company designed to make home and auto insurance simpler to buy and less expensive. Using data, technology, and automation, Branch created the world's first instant, online bundling capability which helps people save thousands of dollars a month in just minutes. Branch partners across the home and auto landscape to embed insurance at the moments that matter, delivering greater convenience and better savings.

Pendella is a technology company that exists to make the financial protection of individual life and disability insurance available to all people, regardless of age, health status, or income level. Pendella's full-stack, enterprise SaaS solution is powered by artificial intelligence and big data to automate underwriting and deliver a simple, intuitive, and delightful experience to thousands of people through partnerships with top-rated insurance carriers and distributors. White-label customization enables a seamless end-to-end experience. Instant life and disability insurance in minutes. No paperwork. No medical exams. Minimal-effort implementation. .

Hometap is a fintech company that offers home equity investments, providing homeowners with immediate access to funds without the need for loans or selling their home. Homeowners can use the funds for whatever they'd like, from paying off debt to making renovations, without added debt or monthly payments.

Wyze Labs makes quality smart home technology accessible to everyone via a partnership with innovators and manufacturers. The company partners with innovators and best-in-class manufacturers who share its mission and values: to create high-quality products that are easy to use and have the features customers care about at a fraction of the price. It was founded in 2017 and is headquartered in Kirkland, Washington.

RoofMarketplace is the first online marketplace platform specifically targeting the property services market. Through an easy-to-understand tutorial, consumers describe their needs, which is combined with accurate aerial measurements that enable contractors to bid the work. By combining contractor feedback, ratings, values and pricing, consumers will have all the data points required to select the best contractor for their needs.

Gradient AI provides AI solutions for the insurance industry, leveraging vast industry data for accurate predictions. Their technology leverages AI to enhance underwriting, claims management, and other critical insurance processes. By utilizing advanced machine learning models, Gradient AI aims to improve accuracy, efficiency, and decision-making within insurance companies, leading to better risk assessment and customer service.

Clearcover is a digital car insurance provider offering better coverage for less money. The company's API-first approach enables customers to have great insurance at affordable rates. Founded in 2016, Clearcover is headquartered in Chicago, Illinois. Clearcover was recently named a Glassdoor 2021 Best Place to Work and was named one of Inc. Magazine’s Best Workplaces of 2020.

LeaseLock is an insurance technology company replacing security deposits with insurance.  Its flagship lease insurance product leverages artificial intelligence to eliminate security deposits from enterprise operating infrastructure—powering a faster, simpler, more affordable rental transaction. LeaseLock seamlessly deploys within the native online leasing checkout, resulting in significant conversion lift—while instantly generating industry-leading coverage for the property on every lease. LeaseLock has insured over $1 billion in leases backed by insurance rated A (Excellent) by A.M. Best. Its global investors include SoftBank Ventures Asia, Wildcat Ventures, Westerly Winds, Vertex Ventures US, Liberty Mutual Strategic Ventures, American Family Ventures, Moderne Ventures, and Mucker Capital.

Neat Capital is a FinTech mortgage lender setting out to make financing a home as frictionless as using cash. It works directly with home buyers and also develops strong partnerships with real estate brokers, wealth managers, CPAs, and corporations. The company's platform cleans up the entire mortgage lending process and leverages technology for analyzing complex financial situations at a fraction of price, enabling clients to get home loans without any mess. Neat Capital is enabling clients to purchase homes with cash offers and close with financing in 10-15 days. It lends to clients with excellent credit profiles and sells these loans to investors.

Turtlemint is an online insurance platform that identifies and purchases appropriate insurance policies for consumers. It aims to “demystify” insurance by explaining the jargon in a simple way and providing smart tools to help a user make the right choice.  From search to purchase, the entire process can be completed online in just a few clicks. The company offers car insurance, bike insurance, health insurance, and term life insurance. It was founded in 2015 and is based in Mumbai, Maharashtra, India.

Tire Agent is an online tire retailer that provides at-home/on-site installation. It offers consumers a premium service at a value price. Tire Agent provides consumers with personalized tire recommendations, live tire experts, warranty claims, and great prices.

Bold Penguin is a commercial insurance exchange that connects customers, agents, and carriers to match the right quote in record time. With a heavy focus on the agents, Bold Penguin pushes the boundaries of user experience for businesses, an easy tool for agents, and a streamlined process of underwriting for carriers. The company operates an Exchange which utilizes a set of solutions to identify, triage, quote, and bind commercial insurance in a highly efficient and tech-enabled way. It plans to deliver on the platform enhancements which include more flexibility in how the core technology is leveraged by enterprise customers, expanding in excess and surplus lines. The Company offers a streamlined process of underwriting for carriers in commercial property and casualty insurance services. Bold Penguin was founded in 2016 and is headquartered in Columbus, Ohio, USA.

Choosing Therapy is an online publication focused on creating accurate, actionable mental and behavioral health content. The company’s mental health professionals create content to help individuals learn about mental health, explore mental wellness, and empower themselves.

Reggora is a cloud-based, two-sided appraisal platform that streamlines the appraisal process for mortgage lenders and appraisers.

Protecht, Inc. is a family of companies leveraging embedded technologies to distribute insurance solutions across today’s online economy. We power our partners with financial and inventory control, security protocols, data analytics, customer engagement, and increased conversions. With over 100 years of combined experience in fraud, risk, insurance, finance and payments, our industry-leading technologies provide a robust economic infrastructure by giving peace of mind for business and consumers, while providing an end-to-end solution for our select insurance partners. It was founded in 2016 and is headquartered in Phoenix, AZ

Takeoff is a filmmaker and software developer who decided to do some video production. During projects we struggled to get accurate feedback during post production. So production took longer, we did extra rounds of edits, and their clients were frustrated. They tried email, ftp, YouTube, Vimeo, and some other professional tools. They were either insufficient, too complex, or too expensive.

Teraki's software solution works as an enabler for connected car, telematics and autonomous car applications. It is a solution which goes beyond data compression and is uniquely adapted to applications such as predictive maintenance, UBI and telematics which were not possible before.

Avinew is helping to insure a safer road with insurance technologies that enable the safety, value and freedom that comes with automated driving systems and autonomous vehicles.

YourMechanic is an online marketplace that enables vehicle owners to find local mechanics for home or office car repair services. Its aim is to make car repair and maintenance affordable and convenient.

IngeniousIO provides a data-driven platform that enhances the entire project life-cycle by elevating efficiency and reducing tech spend. The platform allows its user to orchestrate projects across multiple stakeholders and partners from business development to close-out. This Integrated cloud-based application is designed to manage daily operations within business development, project execution, and completion. It was founded in 2015 and is headquartered in Chicago, Illinois.

Vesper is an electrical and electronic manufacturing company that specializes in microphones, piezoelectric, and audio. The company is driven by a mission is to deliver voice-powered products to every market, around the world. Vesper was founded in 2009 and headquartered in Boston, Massachusetts.

Red Balloon Security is exclusively focused on the development of robust security solutions for embedded device systems across all major industries, including consumer electronics, automobiles, manufacturing/industrial systems, building controllers, homeland security, military, etc. The company's software provides intrusion defense and situational awareness capable of defending against advanced zero-day exploitation of embedded devices as well as offers deep host-based defense for all devices, enabling users to scan, detect and delete malware, spyware, and viruses from different devices.

Bunker is the leading provider of insurance compliance & verification. They combine Smart COI screening, compliance verification, and on-demand insurance - all in one platform.

One is a technology company that specializes in digital payment solutions for the insurance industry. It develops digital payments software that combines inbound and outbound payment capabilities with industry-specific reporting and reconciliation along with a host of functions including policy administration, rating and billing with data analytics, customer relationship management (CRM), payment processing and agency management.

XOR Data Exchange is a data revolution by providing data owners with the accountability, control, and transparency they want to share data and solve industry challenges with confidence. Developed by data, technology and analytics experts, the company helps organizations optimize and monetize the data they possess, with data from other companies in their industry as well as other industries. XOR Data Exchange was founded in 2014 and is headquartered in Austin, Texas, United States.

Cozy is an online property management service designed for landlords and renters. Its products is for rent payments, rental applications, and tenant screening. Cozy helps small and medium landlords and renters to get things done. It was founded in 2012 and headquartered in Portland, Oregon.

ReviewTrackers is a customer feedback software that is used to measure and transform the customer experience. Its platform collects review data from review sites to generate new reviews that engage its customers and listen and respond to their comments to discover key business insights that enable brands to listen, comprehend and make data-driven decisions about what their customers truly need or want. ReviewTrackers helps busy professionals save time, money and resources so they can focus on what matters most of their customers. It was founded in 2012 and is headquartered in Chicago, Illinois.

Rentable is an internet company that specializes in providing a web-based platform that allows its users to conduct an online internet apartment search.  The company was established in 2011 and is based in Madison, Wisconsin.

Quietyme, Inc. developed a noise monitoring and reporting system for the hospitality and healthcare industry. It offers alerts and reporting for the management of hotels, hospitals, and apartments. Once installed the system is really a sensor data platform capable of transmitting any sort of wireless sensor data. The company is based in Wisconsin.

SignalFrame is a software company that offers a streaming data and analytics platform. It harnesses the wireless landscape to deliver a new generation of secure, privacy-friendly data analytics, intelligence, and proximity, and identity services. The company develops SignalGraph, a purpose-built streaming data and analytics platform that applies machine learning over graph structures to reveal relationships in space and time within massive datasets. Stillman Bradish, Srdjan Marinovic, and Patrick Parodi established the software company in Washington, District of Columbia in 2013.

Gener8tor is a nationally ranked accelerator that invests in high-growth startups. Gener8tor supports the growth of these startups through its network of experienced mentors, technologists, corporate partners, angel investors, and venture capitalists. Gener8tor invests in high-growth startups, including software, IT, web, SaaS, life science, MedTech, e-commerce, and hardware. Accepted startups receive $100,000 and 12 weeks of mentorship-driven programming. Gener8tor is a member of the Global Accelerator Network (GAN).

Keen Home develops proactive hardware and software products to protect and enhance your home's core systems. Keen Home’s products provide homeowners with increased comfort, improved efficiency, and a better maintained home. The company’s first product, the Smart Vent, seamlessly controls a home’s heating/cooling airflow on a room-by-room level, resulting in improved comfort and efficiency. The Smart Vent launched in Lowe’s Home Centers in November 2015 and began shipping direct to customers in January 2016.  Keen Home’s software platform will serve as the world’s first proactive home health dashboard while offering partners data for lead generation, actuarial insight for risk pricing, and control for peak load management.  Keen Home was founded by Ryan Fant, Nayeem Hussain, and Will Mcleod in 2013 and is based in New York City.

One Concern is a climate resilience technology company, enables organizations to focus on adaptation and resilience strategies by using newly developed resilience analytics for supporting risk selection, mitigation, pricing and risk management. Applying machine learning and state-of-the-art resilience modeling, One Concern helps organizations better understand and prepare for physical climate risks with the mission of making disasters less disastrous. A 2019 Technology Pioneer, One Concern is part of the World Economic Forum’s Global Innovators community.

CoverHound is a technology company offering a platform for consumers to shop for car insurance. It allows customers to personal insurance needs, compare accurate rates from top carriers, and buy the right policy at the right price.  Dedicated to giving consumers transparent access to the best car insurance rates, CoverHound provides smart recommendations and personalized quotes. With the guarantee of no spam and promise to keep all private information safe, consumers stay in control. CoverHound graduated from AngelPad in spring 2011, and immediately secured seed funding from Blumberg Capital.  CoverHound was founded in 2010 and is based in San Francisco, California.

Zero Locus Inc. develops software systems to perform advanced analytics for various data sets. It serves customers in the areas of insurance, health, retail, and finance industries. The company is based in Milwaukee, Wisconsin.

Networked Insights provides analytics that enables companies to make data-driven marketing decisions and improve media efficiency. The result is optimal marketing spend. Customers like MTV, Samsung, Kraft, RIM, MillerCoors, Group M, MediaBrands, Starcom, and Mediavest use Networked Insights to help them improve media efficiency, reveal content opportunities and inform marketing decisions.  It was founded in 2006 and headquartered in Chicago, Illinois.

At Plum, they aim to use beautiful design and smart technology to reinvent age-old technology.  They don't see ''the home of the future'' or a ''smart home.'' They just see a better way to live. Their aim is to craft product experiences that change your life without getting in your way.  That's why everything they make is created with precision and care. Their mission isn't just to create great products but to build the products that create experiences you'll love.

Sentri is a smart home product that provides DIY home monitoring and automation in one elegant solution. The company comes pre-loaded with an HD camera and built-in sensors track the home's vital stats and trends, allowing users to track temperature, humidity, air quality, weather, and more. It was founded in 2014 and is headquartered in San Francisco, California, United States.

American Family Ventures invests in early-stage startups that are redefining the future of the insurance industry. Founded in 2013, AFV aims to help create category-leading companies through minority equity positions, active partnership and collaboration, an extensive InsurTech network, and a comprehensive platform of value-add programs. AFV typically invests in Seed to Series B rounds, with initial checks ranging from $500k to $5m.

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