ff Venture Capital (ffVC) is a technology venture capital firm investing in some of the strongest growth areas to date, including cybersecurity, artificial intelligence, machine learning, drones, enterprise cloud software, and crowdfunding. The firm identifies and invests in technology and technology-enabled companies at its inception across geographies and emerging industries.  With three partners and an acceleration team of 20+ investment and operations professionals, ffVC actively participates with founders to develop products, target markets, and accelerate growth. Since 2008, ffVC has invested in over 100 companies and has helped to create companies with an aggregate market value exceeding $6 billion.

ff Venture Capital

Montage Ventures is an early stage venture capital firm actively investing in financial services, e-Commerce, marketplaces and healthcare start-ups.

Montage Ventures

Fosun RZ Capital was founded in 2013 and headquartered in Beijing. As an affiliate of Fosun Group, RZ Capital is an independent fund with strategic resources, quickly establishing global footprints. The company invests in all the stages of a company’s development from the early start- Up to IPO.  The firm has over 100 portfolio companies in China, with about $1.2 billion in assets under management, with investments in India, Israel, China, Southeast Asia, and the United States.  Focuses on investing in science and technology innovation, and connecting global momentum to global resources.

Fosun RZ Capital

Hard Yaka makes early round investments in exchange space startups. Candidates are either verticals in particular categories of exchange markets or horizontals providing services (i.e. messaging or payments) across exchange sectors.

Hard Yaka

Menlo Ventures provides capital for multi-stage consumer, enterprise, and life sciences technology companies. Since 1976, the firm’s market-driven analysis has led to the identification of opportunities and successful investments in innovative markets. Notable areas of investment include Marketplaces (Uber, Rover.com, Poshmark); Consumer Services (Tumblr, Betterment, Roku, Siri); Dev/Ops (Harness, Edge Delta, Fire hydrant); SaaS (Carta, ScoutRFP, Qualia, Benchling, Everlaw); Fintech (Betterment, Bluevine, Chime); Cybersecurity (Cavium, IronPort, BitSight, Abnormal, StackRox); and Life Sciences Technology (Synthego, Cofactor Genomics, Recursion Pharmaceuticals, 3T Biosciences). Menlo’s portfolio includes more than 70 public companies, and more than 100 mergers and acquisitions, with $5 billion under management. The firm is currently investing in Menlo Ventures XV, a $500 million early-stage fund, as well as its $500 million Inflection Fund, which targets early-growth investments.

Menlo Ventures

IA Capital is the longest-tenured independent venture capital firm focusing on insurtech. Based in New York City, IA Capital has a two-decade track record of successfully partnering with innovative early and growth stage companies in insurance and—more broadly—financial services. IA Capital manages strategic venture capital programs for 16 insurers.

IA Capital Group

Amtrust Ventures is an insurance holding company that offers property and casualty insurance products that include workers’ compensation, commercial automobile, general liability, and extended service and warranty coverage.  As a strategic investor, AmTrust is focused on taking minority stakes in early-stage companies that can have a positive effect on its core business. AmTrust offers start-ups the resources and industry knowledge needed to get into the insurance market with the right product and focus while leveraging the investee’s technological assets. It focuses primarily on B2B and invests in the areas of insurance, finance, artificial intelligence and data, digitization, fraud, cyber, and other technological solutions that are adjacent to its business focus. The insurance holding company was founded in New York, New York in 2013.

Amtrust Ventures

Deal flow sessions, themed workshops, and face-to-face interaction drive engagement between financial powerhouses and young upstarts.

Plug and Play Insurtech

AAF Management Ltd. (AAF) is a leading early-stage venture capital firm focused on pre-Seed, Seed and Series A stage technology companies in North America. Since late 2016, we’ve invested in over 120 venture-backed portfolio companies across fintech, healthcare, consumer, enterprise software and deep tech.  We are backed by over 95 Limited Partners (LPs) across two funds. Our investors include leading multi-family offices, single family offices, royal families, c- level executives, ministers, ambassadors, fund-of-funds, foundations, hedge fund managers and other strategic investors across the US, Europe, and MENA region.    We also actively manage Limited Partnership (LP) allocations into early stage emerging managers globally exposing us to over 600 venture-backed companies. We’ve backed emerging managers who were previous venture investors at prestigious firms such as Sequoia Capital, Lightspeed Ventures, NEA, Khosla Ventures, Kleiner Perkins among others.  Notable companies in our extended portfolio include: Deel, Ramp, Robinhood, Didi, Savage X by Fenty, StockX, Figure, Reddit, Current, Synthego, Epic Games, FiscalNote among many others.  Notable exits in our extended portfolio include: CrowdStrike (NASDAQ: CRWD), TruOptik acq. by Transunion (NYSE: TRU), Prodigy acq. by Upstart (NASDAQ: UPST), Portfolium acq. by Instructure (NYSE: INST), now a Thoma Bravo Company, HeyDoctor acq. by GoodRx (NYSE: GDRX), Finmark acq. by Bill.com(NYSE: BILL) among others.

AAF Management Ltd.

BossaNova is the number one Brazilian Micro Venture Capital. We are the most active investor in the pre-seed stage in Latin America with more than 1200 investments in over 1000 Startups. We also invest in global companies, directly or through co-investment syndicates on AngelList.

Bossanova Investimentos

Nationwide Ventures invests in startups, pilots new technologies, and tests new solutions and business models. We focus on delivering next-generation experiences for Nationwide’s customers by exploring leading-edge topics from analytics and automation technology to new insurance and financial services platforms.

Nationwide Ventures

Formalized in 2015, Assurant Ventures (“AGI”) is the corporate venture capital initiative of Assurant, a global leader in technology-enabled risk management solutions. AGI is focused on making equity investments in venture and growth stage technology companies that may be complementary or disruptive to Assurant’s core businesses.

Assurant Ventures

W. R. Berkley, an insurance holding company, operates as a commercial lines writer in the United States and internationally. It operates through two segments, Insurance and Reinsurance.  The Insurance segment underwrites commercial insurance business, including premises operations, commercial automobile, property, products liability, and professional liability lines. It also provides workers’ compensation, property casualty, general liability, professional liability, and excess and umbrella coverage insurance products, as well as coverages for technology, ambulatory surgery centers, chiropractors, and concierge physicians; accident and health insurance and reinsurance products; insurance for commercial risks; pollution liability and coverages to contractors, consultants, and owners; and liquor liability and inland marine coverage for small to medium-sized insureds.  Moreover, this segment offers directors and officers, and surety risk products, as well as products for life sciences and travel industries; coverage for excess liability, construction wrap-ups, and completed operations; cyber risk solutions; casualty, group life, and crime-related insurance products; personal lines insurance solutions, including home, condo/co-op, and collectibles; automobile, law enforcement, public officials and educator's legal, and employment practices liability, as well as incidental medical insurance products; and at-risk and alternative risk insurance program management services. The Reinsurance segment provides other insurance companies and self-insureds with assistance in managing their net risk through reinsurance on a portfolio basis through treaty reinsurance or on an individual basis through facultative reinsurance.  William R. Berkley founded W. R. Berkley in 1967. It has its headquarters in Greenwich in Connecticut.

W. R. Berkley

Kinnevik is an industry-focused investment company with an entrepreneurial spirit. Its purpose is to build digital consumer businesses that provide more and better choices. The company does this by working in partnership with talented founders and management teams to create, invest in, and lead fast-growing businesses in developed and emerging markets. Kinnevik believes in delivering both shareholder and social value by building well-governed companies that contribute positively to society.  Kinnevik was founded in 1936 by the Stenbeck, Klingspor, and von Horn families. Kinnevik's shares are listed on Nasdaq Stockholm's list for large-cap companies under the ticker codes KINV A and KINV B.

Kinnevik

BluePointe Ventures invests in sector focused micro funds and startup founders who eschew frontier technology that is responsible for the fast changing human experience. To maximize returns we make early bets via a fund-of-funds model that combines with a direct investment model. BluePointe relies on the relationships and networks the team has built ranging from its Venture Capital Contacts, Design Innovation Studios, Base of Entrepreneur Investors, Bay-area Universities, and its growing network of CIOs to assist in sourcing, vetting, and investing in solid opportunities.

BluePointe Ventures

Expanding Capital is a venture capital firm focused on fast-growing US companies where can assist them in unlocking their full potential and developing new markets. It is based in San Francisco, California, USA.

Expanding Capital

WndrCo is a holding company that acquires, operates, and develops businesses at the intersection of technology and media.

WndrCo

Declaration Partners is a NYC-based investment firm that focuses primarily on making direct investments intended to maximize long-term capital appreciation.

Declaration Partners

FTAC Ventures operates as a venture capital firm.

FTAC Ventures

J.A.S Ventures

Cohen Circle is an investment firm founded by financial services pioneers, Betsy Cohen and her son Daniel Cohen. Since 2015, the firm has provided transformative capital to late stage fintech growth companies. Today, we make investments across the capital structure in the fintech, technology, and impact spaces, with $5bn+ in capital raised. Our decades-long experience as founders, operators, and innovators uniquely positions us to capitalize and transform companies through our significant networks and expertise. For more information visit cohencircle.com.

Cohen Circle

Sure

Sure, an insurance technology company, powers digital insurance programs for the world's most recognized brands and carriers. Its enterprise SaaS Platform and APIs accelerate digital transformation and embedded insurance distribution without the need for additional IT resources. Sure streamlines all aspects of digital insurance sales and service with features designed for each phase of the insurance lifecycle.

<div>Sure provides a modular platform that digitizes multiple areas of the insurance value chain. Sure&rsquo;s distribution module enables the generation of quotes using multiple data points and allows the policyholder to get onboarded instantly and customize coverage. The company&rsquo;s policy module enables insurers to manage policy documents and carry out other administrative tasks digitally. The company&rsquo;s claims module provides a fully digital claims platform starting from digital claim filing to disbursement of payments. In addition, Sure also provides modules to streamline processes with insurance agents and an application programming interface (API) to integrate with other financial reporting and analytics tools. Companies such as Farmers Insurance, Intuit, Assurant, and Chubb are among the key clients of Sure.</div>

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

Neo Insurance

<div>
 
 Sure provides a modular platform that digitizes multiple areas of the insurance value chain. Sure&rsquo;s distribution module enables the generation of quotes using multiple data points and allows the policyholder to get onboarded instantly and customize coverage. The company&rsquo;s policy module enables insurers to manage policy documents and carry out other administrative tasks digitally. The company&rsquo;s claims module provides a fully digital claims platform starting from digital claim filing to disbursement of payments. In addition, Sure also provides modules to streamline processes with insurance agents and an application programming interface (API) to integrate with other financial reporting and analytics tools. Companies such as Farmers Insurance, Intuit, Assurant, and Chubb are among the key clients of Sure.
 
 
 The company also provides its own digital renters insurance product, along with other insurance products for small businesses and travel, with a license to operate in all 50 US states. Additionally, the company provides 
 <a href="https://sp-edge.com/updates/18013">
 embedded home warranty solutions
 </a>
 to homeowners that are distributed through lenders, mortgage companies, fintech firms, insurance carriers, and insurance aggregators. Landlords can also offer this service by adding it to their rental property management software.
 
 
 Key customers and partnerships
 
 
 Sure partnered with Esusu, a rent reporting platform, to offer renters insurance to underserved communities through the latter&rsquo;s Renters Marketplace.
 
 
 Funding and financials
 
 
 In October 2021, the company raised USD 100 million in Series C funding, co-led by Declaration Partners and Kinnevik, valuing the company at USD 550 million. The new funds are intended to be used for developing new products and expanding into new markets outside the US, with a specific focus on Europe, Latin America, and Asia. The funds will also be used to expand its engineering team, which it hopes to triple in 2022.
 
 
 The company claimed that it is profitable and is generating annual recurring revenue in double-digit millions, as of October 2021.
 
 
 
</div>

<div>
 
 Root Insurance is a full-stack insurance provider focusing on usage-based automobile insurance. The company offers a mobile app that collects data on driving speeds, braking patterns, and driving times using smartphone sensors, and applies artificial intelligence (AI) and predictive models to offer a personalized premium to the customer. The company claimed that the latest model utilizes double the proprietary data, demonstrating 17% greater predictive capabilities than the previous model. Moreover, the app incentivizes safe driving by providing greater insight into one&rsquo;s driving patterns and issuing additional discounts for improved driving behavior. Root allows customers to file claims directly through the mobile app. As of December 2021, Root held a carrier license in 48 states and offered automobile insurance in 32 states&mdash;most recently in Kansas.
 
 
 In July 2019, Root launched its renters&rsquo; insurance product and expanded to homeowners insurance in May 2020. The homeowners&rsquo; insurance is provided through a partnership with Homesite Insurance, a Boston-based property and casualty insurer that will underwrite any homeowners insurance policies issued by Root. As of June 2021, the company&rsquo;s renters&rsquo; insurance product was available in eight states.
 
 
 Key customers and partnerships
 
 
 Root had 203,840 policies in force as of June 2023.
 
 
 Root entered into a partnership with Carvana in July 2022, to offer usage-based auto insurance policies on the latter&rsquo;s used-car online platform.
 
 
 In addition, it had also collaborated with other players in the insurance space to optimize and digitize its insurance services.In January 2021, Root partnered with Tractable, a UK-based provider of AI-based solutions, to leverage its AI Subro solution to optimize Root&rsquo;s end-to-end claims process, starting with subrogation, where two insurance carriers negotiate the division of expenses when multiple parties are involved in a claim. It also partnered with CCC Intelligence Solutions in February 2023, to use its first-party casualty solution to streamline and digitize first- and third-party casualty claims through a single digital workflow.
 
 
 Funding and financials
 
 
 In October 2020, Root sold 26.8 million shares in its initial public offering (IPO), raising USD 724.4 million in the process at a valuation of USD 6.8 billion. In 
 <a href="https://sp-edge.com/updates/8089">
 January 2022
 </a>
 , Root received a five-year term loan of USD 300 million from BlackRock Financial Management (BlackRock) to extend its debt maturity and improve its liquidity position.
 
 
 For the full year of 2022, Root reported total revenue of USD 310.8 million (down 10.0% YoY), while its net losses improved to USD 297.7 million from a loss of USD 521.1 million in 2021. Its gross loss ratio improved to 82.1% from 86.0% in 2021.
 
 
 
</div>

Root Insurance

<div>
 
 Cambridge Mobile Telematics (CMT) launched its mobile-focused usage-based insurance (UBI) platform in 2012, enabling insurers to build their own UBI products. The company&rsquo;s product suite includes a white-label mobile app (DriveWell) and an Internet of Things (IoT) tag that collects telematics data that insurers can use to assess risk, incentivize behavioral change through gamification, and reconstruct crashes for accurate claims processing. The app also notifies insurers instantly during an accident, allowing them to dispatch help and begin the claims process. It also enables insurers to detect fraudulent claims based on telematics data.
 
 
 In June 2021, the company acquired TrueMotion, a developer of telematics solutions for auto insurance, for an undisclosed amount. Founded in 2012, TrueMotion helps insurers develop their own usage-based insurance products by allowing developers to build mobile apps on top of its platform which collects information from smartphone sensors in relation to an individual's driving behavior. The platform also includes telematic data features to file claims using the app and other value-added services such as good driving incentives and quick accident responses following a crash. TrueMotion&rsquo;s telematics solution can also be used by fleet operators to monitor the driving patterns of its drivers. Through the acquisition, the two companies will combine their products to bolster CMT&rsquo;s offerings and expand the company&rsquo;s geographical reach. 
 
 
 In addition, CMT acquired Amodo, a turnkey usage-based auto insurance solutions provider based in Europe 
 <a href="https://sp-edge.com/updates/16753">
 in March 2023
 </a>
 , for an undisclosed amount. Following the acquisition, Amodo will operate under the CMT brand and will gain access to its advanced telematics solutions. Through the acquisition, CMT aimed to accelerate its global reach and strengthen its position in Europe.
 
 
 Key customers and partnerships
 
 
 As of March 2023, CMT&rsquo;s technology-powered 95 enterprise programs across 25 countries including nine in continental Europe. In addition, its solutions are used by 21 of the top 25 insurers in the US, including insurers such as StateFarm, Liberty Mutual, and Progressive. CMT&rsquo;s solutions are also used by rideshare companies and large fleet operators.
 
 
 Funding and financials
 
 
 The company&rsquo;s last funding round was in December 2018, where it raised USD 500 million from SoftBank&rsquo;s Vision Fund, with plans to expand its platform.
 
</div>

Cambridge Mobile Telematics

<div>
 
 Hippo is a digital homeowner insurance provider. The company offers its homeowner policies online, with each policy accompanied by a complementary smart home monitoring system that will help identify risks proactively. It provides coverage using a combination of machine learning, satellite imagery, and other public records and actively reviews for any changes to the property overtime.
 
 
 Hippo also provides home insurance to buyers of newly built homes that is directly integrated to the digital mortgage and title process through its Builders business. Further, it launched 
 <a href="https://sp-edge.com/updates/16051">
 Hippo Builder Insurance Agency (HBIA)
 </a>
 in January 2023, to allow builders of all sizes to partner with HBIA to send leads of homeowners in return for a fee.
 
 
 The company also offers an on-demand homecare and maintenance app (Hippo Homecare) which it launched in 2019 following the acquisition of Sheltr, a home maintenance platform, during the same year. It also launched &ldquo;Book a Pro'' feature within its mobile app in Q4 2022, which allows homeowners based in Texas to connect to home improvement professionals as well as message its Hippo&rsquo;s own home care experts to get advice. Hippo also plans to roll-out this feature to other states in the future.
 
 
 In June 2020, Hippo entered into an agreement to acquire long-time insurance partner Spinnaker Insurance Company, which is a property and casualty insurer registered in all 50 states, for an undisclosed amount. The acquisition was expected to help the company expand its geographical reach. The company&rsquo;s homeowner offering was available in 40 states as of January 2023.
 
 
 Key customers and partnerships
 
 
 Hippo had 332,000 customers as of September 2022, and it claimed nearly 75% of its new customers were Gen B.
 
 
 The company partnered with property and casualty risk intelligence company, 
 <a href="https://sp-edge.com/updates/17629">
 Opterrix in April 2023
 </a>
 , to leverage its real-time data on severe weather events to identify at-risk policyholders and improve its claims management capabilities.
 
 
 Funding and financials
 
 
 In November 2020, Hippo raised USD 350 million from Mitsui Sumitomo Insurance company. The company expects to use this funding to support its national expansion plans and also evaluate acquisition opportunities to grow inorganically.
 
 
 For FY2022, the company recorded total generated premiums of USD 811.1 million, which was up 33.8% YoY. Its gross loss ratio improved 62 percentage points to 76% during the year, while its net loss improved 10.2% YoY to USD 333.4 million.
 
 
 
 
 
</div>

Hippo Insurance

<div>
 
 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.&nbsp;
 
 
 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 March 2023, Clearcover offered its policies in 19 states in the US.&nbsp;
 
 
 Key customers and partnerships
 
 
 In 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&rsquo;s insurance comparison site 
 <a href="https://sp-edge.com/updates/18045">
 in April 2023
 </a>
 . This was part of Clearcover&rsquo;s strategy to expand its distribution channels.
 
 
 Fundings and financials&nbsp;
 
 
 In 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.&nbsp;
 
 
 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.
 
 
 
 
 
</div>

Clearcover

<div>
 
 Shift Technology, based in France, provides a Software-as-a-Service (SaaS) solution for insurers to automate claims and detect fraud during the underwriting and claims processing stages. The company’s platform uses artificial intelligence (AI) and a combination of internal and third-party data to flag potentially fraudulent claims. Furthermore, it provides a white-label mobile app that takes advantage of the company’s fraud detection capabilities and enables insurers to streamline their entire claims functions from First Notification of Losses (FNOLs) to disbursements. In addition to France, the company maintains regional offices in the US, Japan, the UK, Spain, and Singapore.
 
 
 Key customers and partnerships
 
 
 As of May 2021, the company had a workforce of 350 people, and it claimed to have analyzed ~2 billion claims globally. It also worked with more than 100 customers across 25 countries, including insurance companies such as AXA, Generali France, and Mitsui Sumitomo. 
 
 
 Shift collaborated with big data provider Legentic in April 2022, through which it aimed to allow its customers access structured data to minimize fraudulent claims and improve claims processing times. It also formed strategic partnerships to integrate its product as part of other insurtech’s product offerings such as with Sapiens, providing the latter’s customers with alerts regarding fraudulent claims.
 
 
 Funding and financials
 
 
 In May 2021, Shift Technology raised 
 <a href="https://sp-edge.com/updates/2834">
 USD 220 million in a Series D 
 </a>
 funding in a round led by Advent International at a valuation of over USD 1 billion. The company expected to use the funding to expand its presence in the property and casualty market and also venture into other insurance verticals such as health. The funding was to also be channeled toward accelerating business growth in the US. In November 2021, the company received an undisclosed investment from Guidewire, as an 
 <a href="https://sp-edge.com/updates/6418">
 extension to its Series D
 </a>
 round. The company was to use the new funds to further develop its technology and support its go-to-market strategies.
 
</div>

Shift Technology

Limited number of life insurers use genetic/epigenetics to underwrite life insurance

Infrastructure and embedded solutions are offered under a B2B SaaS model

Uses personal data to underwrite and price personalized policies such as usage-based insurance for vehicles

Used for underwriting and claims; infrastructure providers offer AI/ML products to traditional insurers

IoTs used to proactively mitigate risks and offer usage-based insurance

Startups that offer homeowners and renters insurance using artificial intelligence (AI) and smart home devices to issue policies and validate claims.

Startups that offer personalized travel, bicycle, and pet insurance through digital platforms, utilizing technology such as flight tracking and online claims processing.

Providers of white-label solutions that enable insurers to set up and offer their own neo-insurance products such as usage-based insurance.

Sure

Recent Updates

Sure launches Home Warranty Solutions

Sure raises USD 100 million in Series C funding

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