Comcast Ventures is the venture capital affiliate of Comcast Corporation and partners with extraordinary entrepreneurs building transformative consumer and enterprise companies.

Comcast Ventures

Route 66 Ventures is a private investment firm focused on helping entrepreneurs shape the financial services landscape of tomorrow by providing Venture Capital and Credit solutions to emerging financial technology and services companies.   Route 66’s Venture Capital team invests globally in early and growth stage disruptors, incumbents and service providers throughout various sectors in the financial services ecosystem.   Route 66’s Credit team seeks to fund alternative lending platforms and business models with balance sheet needs by purchasing whole loans or providing secured debt facilities.

Route 66 Ventures

LaunchCapital invests in entrepreneurs who build the future. It focuses on the seed and early stages of development. They plan to make significant follow-on investments in exceptional companies as they continue growing.

LaunchCapital

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.

American Family Ventures

We are a diversified international insurance group with a powerful brand, strong balance sheet and plenty of room to grow. Listed on the London Stock Exchange and headquartered in Bermuda, we currently have over 2,700 staff across 14 countries and 34 offices.

Hiscox

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

Pierre Omidyar, the founder of eBay, and his wife, Pam, established Omidyar Network based on the belief that every person has the potential to make a difference. Since 2004, they have worked with their partners to create opportunities for people to tap that potential, enabling them to improve their lives and make powerful contributions to their communities.  They support, scale, and champion the work of their partners in order to maximize social impact. As a philanthropic investment firm, they make both investments and grants, identifying like-minded organizations that they support, help scale, and collaborate with to help realize their full potential. Their efforts are organized around two investment initiatives Access to Capital, and Media, Markets and Transparency.

Omidyar Network

Struck is a founder-first capital for innovative entrepreneurs. It leads seed investments sourced idiosyncratically through its robust network. The firm was founded in 2014 and is based in Santa Monica, California.

Struck Capital

Argonautic Ventures is a group of micro-funds with varying investment theses and a group of general partners. Its innovative and flexible structure allows them to deploy into a portfolio of companies across industry and stages. Its venture funds identify targeted returns based on specific investment theses that their team is well-positioned to act upon. It focuses on a handful of emerging and mature industries where secular shifts are creating new business models that can scale quickly.  Its investment team has experience investing in several sectors related to technology, healthcare, and emerging markets.

Argonautic Ventures

US Investment Partners is a venture capital firm that investing in early-stage Seed and Series A funding rounds.

US Investment Partners

OEL Venture Investments

Bunker

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

<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;</div>

Simplifying the insurance experience for businesses using technology

InsurTech: Commercial Lines

Over $5 M funding secured by financial analytics platform Bunker in two rounds

Aon will gain access to Bunker’s compliance platform and Live Certificate of Insurance, ensuring real-time compliance to insurance standards by a customer’s contractors, independent workers, and vendors. Bunker will leverage Aon’s enterprise network and exposure to risk management to broaden its reach.

Startups that offer insurance covering financial losses from claims of injury or damage caused by the business’s actions or products, including general, product, and professional liability.

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 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.
 
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 Next Insurance provides digital insurance solutions tailored specifically for small businesses. The company&rsquo;s product offering includes a range of insurance policies, including general liability, professional liability, commercial auto, and workers&rsquo; compensation. The company leverages AI and machine learning to streamline the insurance process, claiming to process policy requests within 10 seconds. It incorporates factors such as risk level, location, and other business-specific factors to provide policy proposals.&nbsp;
 
 
 In March 2021, Next Insurance acquired AP Intego, a digital agency specializing in small business commercial insurance. The acquisition was intended to expand Next Insurance&rsquo;s reach to more customers in new business classes. In December 2020, the company acquired Juniper Labs, a startup that automates underwriting for sellers insurance to small businesses, to expand its product offering.
 
 
 
 
 Key customers and partnerships
 
 
 As of November 2023, Next Insurance reported around 500,000 active policyholders, spanning a diverse base of small businesses across various industries, from construction and retail to professional services and fitness.
 
 
 In March 2021, Next Insurance partnered with Amazon to offer insurance solutions to Amazon Prime Business members, providing tailored insurance coverage through the platform​​.&nbsp;
 
 
 In September 2023, Next Insurance partnered with Bold Penguin, an integrated digital solution platform that offers commercial insurance. Through this collaboration, independent insurance agents can access Next Insurance's tailored policies for small businesses, expanding the company's distribution channels.
 
 
 In November 2023, Next Insurance partnered with Allstate and Allianz X. The partnership with Allstate provided Next Insurance&rsquo;s products to Allstate&rsquo;s customers and collaborated on developing a new product for commercial auto insurance. The collaboration with Allianz X aimed to strengthen Next Insurance&rsquo;s reinsurance relationship with Allianz X.
 
 
 In March 2024, it partnered with Tensorflight, a property intelligence platform, to leverage Tensorflight&rsquo;s property data and risk models to enhance Next Insurance&rsquo;s underwriting process. 
 
 
 
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Next Insurance

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 Pie Insurance primarily provides workers' compensation to small businesses via an online platform. Pie Insurance uses data and analytics to offer tailored and cost-effective coverage. In addition, Pie Insurance offers commercial auto insurance and a range of supplementary services and products. These include a solution that combines workers' compensation with payroll processing, risk reduction programs, and employer-extended coverages. The company also provides access to an online library of safety training modules and a return-to-work program to facilitate the recovery and reintegration of injured employees.&nbsp;
 
 
 By May 2022, the company had increased its annualized run-rate premium to nearly USD 300 million.
 
 
 In 2023, Pie Insurance transitioned from a managing general agent to a full-stack insurance carrier after it acquired American Insurance Company.&nbsp;
 
 
 Key customers and partnerships&nbsp;
 
 
 Pie Insurance primarily serves small businesses across various sectors, including construction, healthcare, and retail. The company provides its insurance products directly and through partnerships with local, regional, and national insurance agencies. In 
 <a href="https://sp-edge.com/updates/31431">
 July 2024
 </a>
 , the company partnered with Ford to launch a usage-based offering as part of the &quot;Ford Pro Insure&quot; program, a commercial auto insurance solution designed for Ford Pro vehicle fleets.
 
 
 
 As of September 2022, the company had partnered with over 2,800 agencies nationwide. As of May 2024, Pie Insurance has expanded its coverage to 38 states and the District of Columbia.
 
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Pie Insurance

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 Zego is a London-based commercial motor insurer that provides flexible insurance products for fleets and self-employed drivers. The company utilizes telematics data and behavioral science to offer usage-based insurance (UBI) policies tailored to each customer's risk profile. Zego also provides B2B UBI for large fleet operators in the areas of private hire, delivery, and logistics. Through its digital-first fleet portal and risk management team, Zego delivers behavioral insights and actions that fleets can take to improve their safety and unlock up to 15% cashback on premiums.&nbsp;
 
 
 Zego's key product differentiator is its ability to optimize fleet performance, cut costs, and improve road safety. According to the company, its customers can save up to 20% on premiums at renewal through proactive risk management and cut annual insurance claims by up to 10%.&nbsp;
 
 
 In December 2020, Zego acquired telematics solution provider Drivit for an undisclosed amount. Zego had an ongoing partnership with Drivit for its telematics-based policies, and aspects of Drivit&rsquo;s platform were embedded into Zego&rsquo;s telematics app, &ldquo;Zego Sense.&rdquo; The acquisition allowed Zego to collect Drivit&rsquo;s data as a first-party partner.
 
 
 In FY2022, Zego reported net revenue of GBP 11.5 million, a slight increase compared to GBP 10.8 million earned in FY2021, while its net loss worsened to GBP 59 million from GBP 36 million over the same period.&nbsp;
 
 
 
 
 Key customers and partnerships&nbsp;
 
 
 The company formed notable partnerships with established insurers to enhance its product offerings. As of May 2024, Zego offered more than 58 million insurance policies and covered more than 500,000 vehicles across five countries. Zego supported fleets and drivers working for last-mile companies like Amazon, Uber, BP, and Deliveroo.&nbsp;
 
 
 In June 2020, Zego partnered with telematics provider ABAX to bundle the latter's offerings with Zego&rsquo;s UBI products for fleet operators. The partnership was extended in August 2023, marking the fourth year of collaboration.
 
 
 In March 2022, Zego signed a multi-year deal with Aviva to provide tailored fleet policies to trades and haulage businesses, enabling it to pair its behavioral insights, data, and telematics capabilities with Aviva's expertise in fleet underwriting and claims.
 
 
 In June 2022, it partnered with Ryde, a last-mile delivery company, to provide auto insurance to the latter&rsquo;s network of over 30,000 couriers (May 2024).
 
 
 In August 2022, Zego partnered with insurance carrier QBE to underwrite its behavior-led fleet product, leveraging telematics data to offer a comprehensive view of a fleet's risk profile. The partnership was further extended in November 2022.
 
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Zego

<div>
 
 Embroker offers a range of insurance products, including directors and officers insurance, employment practices liability, cyber, professional liability, and more. Its digital platform allows businesses to obtain quotes, manage policies, and handle claims online. The company uses predictive, data-driven underwriting models to automate underwriting and improve the accuracy of risk assessment. It claims that its algorithmic-based risk management reduces premiums for businesses by up to 20%.&nbsp;
 
 
 
 
 
 Key customers and partnerships&nbsp;
 
 
 Embroker specifically catered to funded startups, tech companies, law firms, and consultants and served over 40,000 customers as of May 2024.&nbsp;
 
 
 In July 2023, the company announced strategic partnerships with Dashlane, a security-first password management provider, and Cowbell, a cyber insurance provider for SMEs. Embroker aimed to enhance customer security using Dashlane&rsquo;s cyber protection services and expand its cyber liability offering by providing Cowbell Cyber Insurance to existing and prospective customers.&nbsp;
 
 
 In November 2023, the company entered into a strategic partnership with Ascend, a provider of financial operations automation software for insurers. Through this partnership, Embroker aimed to leverage Ascend&rsquo;s technological capabilities to improve operational efficiency and optimize its risk management process.
 
 
 
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Embroker

<div>
 
 Foresight Commercial Insurance (Foresight) focuses on providing workers' compensation insurance specifically designed for safety-critical industries, such as construction, manufacturing, agriculture, and landscaping. The company&rsquo;s approach leverages data-informed underwriting and safety engagement tools to offer tailored insurance solutions​. Foresight claims to differentiate itself through its proprietary safety technology platform, Safesite, which aims to reduce workplace incidents by promoting a culture of safety and proactive risk management. Through this, the company claims to have reduced claims frequency by 17% on average as of August 2023.&nbsp;
 
 
 Key customers and partnerships&nbsp;
 
 
 Foresight serves a range of mid-sized businesses, particularly those in high-risk industries.&nbsp;
 
 
 In July 2023, Foresight partnered with CLARA Analytics, a leading AI platform for claims optimization, to implement CLARA's Triage module. This integration allowed Foresight to proactively manage claims, accelerate claim cycles, and collaborate effectively with third-party administrators (TPAs) in the event of workplace injuries.
 
 
 In November 2023, the company entered into a strategic partnership with QBE North America, allowing Foresight to write policies on QBE's paper, thus extending its reach and capacity and allowing the company to expand into new product lines. 
 
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Foresight Commercial Insurance

Startups offering auto insurance and usage-based insurance products specifically tailored for businesses, including fleet operators.

Startups that provide coverage to protect physical property, including business buildings, inventory, and contents.

Startups that provide coverage for medical expenses and lost wages incurred by employees injured or falling ill while on the job.

Startups offering insurance covering lost income and additional expenses incurred when a business is unable to operate due to covered perils such as fire, natural disasters, or other disruptions.

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

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

Bunker

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