500 Global is a multi-stage venture capital firm with US$2.4 billion in assets under management that invests in founders building fast-growing technology companies. We focus on markets where technology, innovation, and capital can unlock long-term value and drive economic growth. We work closely with key stakeholders and advise governments on how best to support entrepreneurial ecosystems so startups can thrive. 500 Global has backed over 5,000 founders representing more than 2,800 companies operating in 80+ countries. We have invested in 35+ companies valued at over US$1 billion and 160+ companies valued at over US$100 million (including private, public, and exited companies). Our 190+ team members are located in over 25 countries and bring experience as entrepreneurs, investors, and operators from some of the world’s leading technology companies. (*as of June 30, 2023)

500 Global

Bee Partners is a pre-seed deep tech venture firm.  We write Founders their first check and partner on their journey from zero to one.  These founders have the smarts, grit, and humanity to create the machines of tomorrow in AI/ML, Robotics, Automation, Synthetic Biology, and more.   Bee Partners is a collective of builders, designers, entrepreneurs, operators, and technologists with experience across big tech, startups, [research labs] and more.  We share a common goal: to deliver outcomes in the form of customers, ROI and venture-scale returns for our Founders, enterprise partners, and investors.  Our approach has led the portfolio to a 60%+ matriculation rate to Series A. Bee’s portfolio companies realize accelerated growth and have secured over $1.8B in follow-on capital from the world's top VCs.

Bee Partners

FinTech Collective is a global, early stage venture capital firm backing entrepreneurs who are rewiring the way money moves through the world. Founded in 2012 with offices in New York City and London, the firm has deep experience investing across capital markets, wealth and asset management, banking, lending, payments, insurance, and DeFi. The managing partners of FinTech Collective met in their mid 20’s and helped build, scale, and successfully exit four fintech businesses.  Backed by some of the world’s leading institutional investors, FinTech Collective manages close to $1b in regulatory assets. Over the last decade the firm has had 10 exits, taken one company from pitch deck to public markets and invested in 96 portfolio companies including well known firms such as Anyfin in Stockholm, Flutterwave in Lagos, IMMO in London, Minu in Mexico City, Mondu in Berlin, Simetrik in Columbia, and several important businesses in NYC including MoneyLion, NYDIG, Ocrolus, Quovo (acquired by Plaid) and Vestwell. The firm publishes a weekly newsletter, delivered every Saturday, which provides a tightly edited rundown of global fintech news, along with a bit of original analysis (available at fintech.io/newsletter).

FinTech Collective

Vertical Venture Partners (''VVP'') is a venture capital firm investing in enterprise technology companies that target specific vertical markets. VVP focuses on companies with solutions for pain points that are C-suite priorities. Some vertical markets of interest include: Aerospace and Defense, Energy, Financial Services, Healthcare, Insurance, Real Estate, Retail, and Transportation. Some technology areas of interest include: Business Intelligence, Cloud Applications, CRM, Mobile, Security, Software Infrastructure, Instrumentation and Materials Science.

Vertical Venture Partners

Clocktower Technology Ventures invests in the insurance, payments, personal finance, lending, credit, and asset management sectors. The firm’s expertise investing across financial services and its related ecosystem of global institutional allocators, policymakers, and hedge fund managers have created a community that offers a distinct value-add to portfolio companies. Since launching, Clocktower Technology Ventures has invested in 96 fintech companies in North America, Europe, and Latin America. It was founded in 2015 and headquartered in Santa Monica, California.

Clocktower Technology Ventures

Canaan is an early stage venture capital firm that invests in entrepreneurs with visionary ideas. With $5B under management, a diversified fund and over 190 exits to date, Canaan has invested in some of the world's leading technology and healthcare companies over the past 30 years. Canaan’s focus areas include fintech, enterprise/cloud, marketplaces, frontier tech, biopharma, digital health, and medtech.

Canaan Partners

XL Innovate creates new ventures that can provide innovation and a meaningful positive impact on the global insurance industry. They invest capital, energy, experience-based expertise, and the substantial resources of their limited partner.

XL Innovate

StartX is a 501(c)(3) Stanford-affiliated nonprofit in Silicon Valley that runs one of the world’s top startup accelerator programs. Its mission is to advance the development of the best entrepreneurs through experiential education and peer learning. Since launching in 2010, it has supported more than 450 companies and 1000 entrepreneurs, from early to pre-IPO stage, working across a wide spectrum of industries.    StartX and StartX Med, dedicated to medical and biotechnology innovation, provide founders with access to a powerful network of entrepreneurs, investors, mentors, and industry partners, along with office space and a variety of other resources. Based in Palo Alto, the accelerator also operates StartX-QB3 Labs and the Stanford-StartX Fund. We are funded by Stanford University, Stanford Health Care, Microsoft, Steelcase, Hyundai, Oriza Ventures, Nissan, Panasonic, Lightspeed Venture Partners, Analog Devices, Silicon Valley Bank, Greylock Partners, Sequoia Capital, and many others. For more information, visit startx.com The company is associated investment vehicle, the Stanford-StartX Fund is a partnership between StartX, Stanford University and Stanford Health Care.  It can invest only in StartX companies who raise qualified rounds of venture capital using objective criteria; it is founder opt-in.

StartX (Stanford-StartX Fund)

Nyca Partners is a venture capital and advisory firm that focuses on the fintech sector. The firm connects innovative companies to financial institutions and technology companies as well as expert individuals as investors and advisors. Nyca Partners was founded in 2014 and is headquartered in New York, United States.

Nyca Partners

Founded in 2010 by ex-software operators, Tola Capital is a venture capital firm that believes in the power of software and data to transform the way the world works. Our diverse team provides hands-on engagement to founders who build solutions with the potential for long-term, transformational change. We invest globally across multiple stages and exclusively target companies led by exceptional talent who are building essential software for enterprise customers.

Tola Capital

Manulife Financial is a Canada-based financial services company with principal operations in Asia, Canada and the United States. Since welcoming its first customers in 1887, Manulife Financial has built a significant global presence by providing customers with strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Manulife Financial international network of more than 84,000 employees and agents offers our clients a broad range of financial protection and wealth management products and services. We offer personal, commercial, corporate and investment banking products to millions of customers across our three operating divisions: Asia, Canada and the United States, each of which represents about one third of our overall business. Manulife Financial has a demonstrated business expertise in Asia dating back more than 100 years. Since issuing our first Asian policy in Shanghai in 1897, we have pursued strong, sustained growth and remained a leading provider of financial protection and wealth management products in Asia. We are relentlessly focused on helping Asian customers prepare for their future, and that focus drives our growth strategy and underpins our commitment to the region. Now diversified across Asia, including some of the world’s largest and fastest-growing economies, we have deep roots and an expanded operational footprint across all of this important region. We have more than 50,000 contracted agents selling our products and have expanded our distribution capabilities to include more than 100 bank partnerships and more than 500 dealers, independent agents and brokers. Learn more about our operations in Asia.

Manulife Financial

MTech Capital is a venture capital firm with offices in Santa Monica and London investing in technology companies operating in the insurance industry.  We define the insurance sector broadly to encompass all of the businesses that insurance companies are in, including asset management, wealth management and other financial services.  We look for founders with the vision and ambition to change the insurance industry using technology.  We invest across all stages and our primary focus is in North America and Europe.

MTech Capital

FTV Capital is a growth equity investment firm that has raised over $1.8 billion since its inception to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise solutions, financial services, and payments/transaction processing.  FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth.  FTV also provides companies with access to its Global Partner Network, a group of the world’s leading enterprises and executives who have helped FTV portfolio companies for more than a decade.   Founded in 1998, FTV Capital has invested in 86 portfolio companies and has offices in San Francisco and New York.

FTV Capital

MMV is a multi-stage, global venture capital firm investing in enterprise software, cybersecurity, financial technology, and digital health companies. We help accelerate the growth of the companies we partner with by providing capital, connections and advice. MMV’s sole limited partner is MassMutual, a Fortune 500 financial services company with assets under management of $616 billion (Dec 2020).

MassMutual Ventures

Gaingels is a venture investment syndicate in service of the LGBT+ community and its allies, investing in companies with LGBT+ founders and C-suite leaders at all stages of growth, as well as in more established companies resolved on building more inclusive teams, with a global portfolio of 130+ companies and $70M in deployed investment capital to date.  The Gaingels network also actively supports its portfolio in identifying and recruiting diverse talent to their C-suite and board leadership teams and fosters a vibrant global community of industry leaders, investors, operators, and entrepreneurs who share a common goal for positive social change through business and successful investments.

Gaingels

HSCM Bermuda invests in re/insurance-linked assets.

HSCM Bermuda

Chaos Ventures is an early-stage venture capital firm that partners with pre-seed through Series A startups. The firm was founded in 2020 and is headquartered in New York, United States.

Chaos Ventures

Embroker

Embroker is the easiest way to intelligently ensure any business. By pairing technology and broker expertise, Embroker helps growing businesses save time and find the best value on the right coverage. As the leading digital insurance brokerage, Embroker is working to massively improve the $800 billion property and casualty (P&C) insurance market. Headquartered in San Francisco, we have offices in Chicago and Boston and customers in all 50 states.

Embroker offers commercial insurance for startups, law firms, and other private companies. It covers incidents such as commercial crime, professional liabilities, and cyber insurance. Policies issued by Embroker are underwritten using data-driven models that it claims can reduce premiums for businesses by 20%.

The latest line of defense against rising cyber attacks

Cyber Insurance

<div>Embroker is a digitally native business insurance company that caters to entities varying in size and field, including startups, law firms, and private companies. It is said to cover a wide span of solo policies including business owners policy, commercial crime, cyber including data breach, directors and officers, and employment practices liability. From algorithmic underwriting to instant certificates, Embroker uses smart technology to make policies that are custom-tailored. It serves industries such as accounting, construction, hospitality, non-profit, real estate, law, and technology. Embroker is a privately held company.</div>

Simplifying the insurance experience for businesses using technology

Commercial InsurTech

Embroker offers commercial insurance for startups, law firms, and other private companies. It covers incidents such as commercial crime, professional liabilities, and cyber insurance. Policies issued by Embroker are underwritten using data-driven models that it claims can reduce premiums for businesses by 20%.Embroker’s cyber insurance product helps companies cover against both first- and third-party financial losses resulting from cyberattacks. These include costs relating to data loss, recovery, business interruption, extortion, and fraud. Embroker also offers technological errors and omissions (E&amp;O) for technology companies. Policies issued by Embroker are backed by Clear Blue Specialty Insurance Company (reinsured by MunichRe) and as of December 2021, the company served over 20,000 users; counting companies such as Icebreaker Health, Pandia Health, Renew Energy Partners, JDJ Engineering among its clients.Key customers and partnershipsEmbroker <a href="https://sp-edge.com/updates/20434">announced partnerships </a>with cyber insurer Cowbell and password management platform Dashlane in July 2023. Cowbell’s admitted insurance product will be bundled with Embroker’s lawyer’s professional liability (LPL) offering, while Dashlane will be made available to Embroker customers at a discount.Funding and financialsDuring Q1 2021, the company surpassed USD 20 million in gross written premium and experienced a customer retention rate of 100%.The company raised USD 100 million in Series C funding in June 2021 led by FTV Capital. The company expected to use the funding to transition into a full-stack insurance carrier.

Corvus offers commercial cyber insurance policies to cover cyberattacks-related incidents such as business interruption, system failure, ransomware attacks, and even regulatory fines and penalties. It uses its proprietary “Corvus Scan” platform to analyze a company’s current cybersecurity posture to determine pricing and coverage options. As part of the policy issuing process, Corvus also provides a report with IT security recommendations and access to its dedicated response teams for proactive cyber risk management. This team also works with clients during the claims process.For policyholders, Corvus also provides a virtual Chief Information Security Officer (vCISO) offering—consultative sessions with Corvus’ in-house security teams—while helping them get concessionary rates on cybersecurity solutions from companies such as SentinelOne and Tetra Defence. The company also offers cyber reinsurance, technology errors and omissions (E&amp;O) insurance, and a specific policy for ocean cargo.In June 2023, Corvus introduced a <a href="https://sp-edge.com/updates/19678">cyber risk prevention platform</a>: Corvus Signal, and an incentive program encouraging policyholders to engage with the solution.Corvus Insurance <a href="https://sp-edge.com/updates/7543?industryIds=52">acquired the cyber underwriting platform Tarian Underwriting </a>from Beat Capital Partners in January 2022. Tarian Underwriting is an underwriter of cyber and technology insurance risks that creates tailored solutions and underwrites on behalf of a consortium of Lloyd’s syndicates. The acquisition will help Corvus to expand its international footprint across Europe, Africa, and Australia, and add global underwriting capability with access to Lloyd’s cyber insurance capacity.In November 2023, Corvus <a href="https://sp-edge.com/updates/23562">announced</a> it had entered into an agreement to be acquired by property and casualty insurance giant Travelers for ~USD 435 million.Key customers and partnershipsCorvus Insurance covers companies in industries such as healthcare, retail, financial institutions, manufacturing, and construction (earning up to USD 2 billion in gross revenue), offering them a coverage limit of up to USD 10 million.In July 2022, the company expanded its <a href="https://sp-edge.com/updates/11826">partnership program </a>with global specialty insurer and reinsurer, SiriusPoint, and program management solution provider, R&amp;Q Accredited.Funding and financialsCorvus Insurance received a strategic investment of <a href="https://sp-edge.com/updates/11826">USD 100 million </a>building upon the initial investment and multi-year underwriting capacity partnership announced in September 2021. The funds were utilized to develop its Smart Cyber Insurance solutions and target policyholders globally.In March 2021, the company raised USD 100 million in a Series C funding round led by Insight Partners at a valuation of USD 750 million. The company utilized the funds to develop its underwriting capabilities, product development, and go-to-market strategies. This Series C round was extended in May 2021 by another USD 15 million led by FinTLV and Aquiline Technology Growth (ATG).The company grew its gross written premium by 250% in 2020 and had an annual premium run rate of USD 120 million during January 2021. As of March 2021, the company had an average policy size of USD 9,000 annually and employed 140 staff.

Corvus Insurance

BitSight offers a data-driven security rating system for financial services, retail, manufacturing, telecom, and cyber insurance companies. BitSight’s risk rating system is backed by a company’s historical data as well as industry benchmarks. The platform collects data from over 260 billion cyber events daily from 120 data sources. In the areas of cyber insurance, it allows insurers to determine the rate of premiums while also enabling the continuous monitoring of security posture during the coverage period. BitSight also offers cyber risk modeling services, helping businesses financially quantify enterprise cyber risk.In September 2021, BitSight acquired VisibleRisk, a cyber risk rating startup created by the credit ratings agency Moody’s Corporation and the venture capital firm Team8. BitSight integrated VisibleRisk’s cyber risk assessment capability to enhance its Financial Quantification tool to better estimate the financial exposure of an organization to cyber risk. Following the acquisition, BitSight was to set up a Risk Solutions Division that focuses on cybersecurity insights for the board of directors and C-suite executives.In August 2022, the company <a href="https://sp-edge.com/updates/12196">acquired </a>the third-party risk management startup, ThirdPartyTrust. ThirdPartyTrust was integrated into BitSight’s existing TPRM solutions to deliver real-time insights throughout the entire third-party lifecycle and extended supply chain.Key customers and partnershipsBy July 2021, the company had analyzed the security ratings of over 27,000 companies. During that period, the company claimed that 50% of all cyber insurance policies underwritten globally were by its customers and 20% of governments worldwide use BitSight data for national security. Overall, the company had over 2,300 customers globally and an employee headcount of 500 as of September 2021.Bitsight announced an <a href="https://sp-edge.com/updates/17887">expanded partnership with Moody’s Analytics </a>in April 2023, providing analysts with enhanced insights, and making Bitsight’s analytics available through Moody’s BVD Orbis database. The firm also added a response function to its TPRM platform.Funding and financialsIn conjunction with the acquisition of VisibleRisk in September 2021, BitSight also secured USD 250 million in funding from Moody’s at a valuation of USD 2.4 billion. The company utilized the funds to pursue growth and further enhance its product offerings and capabilities.

BitSight

Vouch is an insurance provider focused on policies for startups. The company offers coverage for business liability, fiduciary liability, property, employment, cyber, and technological errors and omissions (E&amp;O). Vouch’s cyber insurance offering provides both first-party and third-party coverage It covers costs such as business interruption, ransom payments, costs of recovery, and penalties. Vouch claims to offer coverage within 24 hours, unlike traditional brokers that may take weeks.Policies issued by Vouch are backed by Dallas-based insurance company State National. By July 2021, Vouch was available in 24 US states and was working with regulators to bring its products to all 50. As of September 2021, the company employed 125 staff and served over 1,600 clients including companies such as Brex, Carta, WeWork, Pipe, Middesk, Neighbor, Routable, Silicon Valley Bank.In September 2021, the company announced USD 90 million in funding; which included a previously unannounced USD 30 million in Series B1 funding led by Redpoint Ventures and USD 60 million in Series C funding co-led by SVB Capital and Ribbit Capital at a valuation of USD 550 million.

Vouch

Resilience (formerly known as Arceo.ai) is a cyber insurance provider, covering incidents of business interruption costs, responding costs, and extortion losses for businesses with revenue between USD 100 million and USD 5 billion. Resilience’s claims process is handled by a 24/7 in-house team that will also assist the covered companies with incident response. Resillience’s insurance products are underwritten by Homeland Insurance Company and it has licenses to operate in all 50 US states.In October 2023, Resilience <a href="https://sp-edge.com/updates/22471">announced</a> it was increasing its cyber insurance coverage to GBP 10 million (~USD 12.1 million) for insureds in the UK and Europe, backed by a strategic partnership with RSA Insurance and R&amp;W Accredited.The company offers a ransomware readiness framework to help enterprises prepare and plan for ransomware attacks. It also offers a platform that helps build cyber health strategies, monitor cyber risk on an ongoing basis, and implement readiness measures to cyber incidents.In May 2023, Resilience introduced <a href="https://sp-edge.com/updates/18168">a holistic cyber risk solution</a> allowing organizations to assess, quantify, and manage cyber risk. This solution integrates Resilience’s insurance coverage with an AI risk management platform, a decision and risk action plan, expert support, and an advocacy program to build an organization’s cyber culture.Funding and financialsThe company’s last funding round was in September 2019 where it raised USD 37 million led by Lightspeed Venture Partners and Founders Fund.

Resilience

Platforms under some segments are offered under a B2B SaaS model

Uses AI/ML for making underwriting decisions and claims processing

Provides commercial property and casualty insurance products with cyber insurance as an additional product offering

<div>
 
 Embroker is a digitally native business insurance company that caters to entities varying in size and field, including startups, law firms, and private companies. It is said to cover a wide span of solo policies including business owners policy, commercial crime, cyber including data breach, directors and officers, and employment practices liability. From algorithmic underwriting to instant certificates, Embroker uses smart technology to make policies that are custom-tailored. It serves industries such as accounting, construction, hospitality, non-profit, real estate, law, and technology. Embroker is a privately held company.
 
</div>

<div>
 
 Next Insurance is an online-based insurance company issuing insurance policies to the self-employed. The company offers policies that can be bought in 10 minutes and provides services 24/7. It uses AI and machine learning to ease the purchasing process. Next Insurance acquired AP Intego in 2021. The company has been recognized as part of Forbes' Best Startup Employers, Forbes' Fintech 50, and JMP Securities InsurTech 50.
 
</div>

Next Insurance

<div>
 
 Pie Insurance is a tech provider offering workers&rsquo; compensation insurance for small businesses allowing for health coverage, partial wage replacement for employees, and financial benefits to families. The company recently launched a pay-as-you-go billing solution for its customers enabling policyholders to make payments on their individual payroll cycle instead of an initial deposit. Pie Insurance caters to a range of industries such as Retail, Electric, Restaurants, Plumbing, Auto, Manufacturing, Landscaping, and Beauty. The company&rsquo;s customer base includes small businesses such as DCL Outdoor Contracting, Gutter Plumber, Zoe&rsquo;s Coffee, J.J. Pfister Distilling Company, and Under the Sky Rentals.
 
</div>

Pie Insurance

<div>
 
 Zego is a motor insurance provider that combines technology and data sources to offer insurance products. It is said to have served over 200,000 vehicles for businesses, ranging from sole traders to fleets to global corporations. Solutions for self-employed drivers and riders include private hire insurance, car insurance, courier van insurance, van own goods insurance, and scooter insurance. Zego also offers solutions such as fleet insurance and micro-mobility insurance for fleets. The company is privately held, with its headquarters in the UK.
 
</div>

Zego

<div>
 
 Nauto is the world’s first AI-powered real-time fleet safety and driver platform that uses machine learning to analyze driver behavior. This enables companies with commercial fleets to reduce and prevent driving accidents in the transport industry. The platform analyzes data points from more than 1 billion video miles to help drivers improve their behavior. Nauto has helped some of the largest commercial vehicle fleets across the globe to avoid over 70,000 accidents, thereby generating almost USD 300 million in savings. The company has operations in North America, Europe, and Japan.
 
</div>

Nauto

<div>
 
 Nexar specializes in dash cams that enable new vision-based applications. Nexar’s core products include Nexar App and Nexar Dash Cams. Nexar Dash Cams are said to record the road and the cabin in up to 4K resolution, while the Nexar App shows the user’s video history, lets them see what’s going on in the car when they're not around, and sends smart alerts. It offers solutions for logistics, mapping, alternative data, cities, car insurance, autonomous vehicles, and parking. Nexar is a privately held company.
 
</div>

Nexar

Infrastructure segments provide AI/ML-based products for carriers to use

Companies in the turnkey and value chain infrastructure segments operate under a B2B SaaS

Platforms to obtain insurance such as workers compensation, general liability insurance, professional liability, and other business insurance products, specifically targeted toward small businesses and startups

Embroker

Cyber Insurance

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