Index Ventures is a venture capital firm based in London, San Francisco, and Geneva, helping entrepreneurs turn bold ideas into global businesses.  Since 1996, Index has partnered with exceptional entrepreneurs who are using technology to reshape the world. The companies they’ve started include Adyen, Deliveroo, Dropbox, Farfetch, King, Slack, and Supercell.

Index Ventures

Y Combinator is a startup accelerator that invests in a large number of startups twice a year. It created a new model for funding startups. Twice a year, the company invests a small amount of money ($150k) in a large number of startups. The startup accelerator works intensively with the companies for three months, to get them into the best possible shape and refine their pitch to investors. Each cycle culminates in Demo Day when the startups present their companies to a carefully selected, invite-only audience.

Y Combinator

Bloomberg Beta is an early-stage venture capital firm with $375M under management, capitalized solely by Bloomberg. The fund exists to expand Bloomberg’s horizons by investing in companies built by extraordinary founders that make business work better, with a focus on machine intelligence.

Bloomberg Beta

SV Angel is a San Francisco-based venture fund. Their experience spans helping companies like Airbnb, Coinbase, Databricks, DoorDash, Faire, Flexport, GitHub, Notion, Pinterest, Snap, Square, and Stripe Scale. Over the last 30 years of investing, their core values of trust, loyalty, and integrity along with a founder-first approach have driven our strategy. They are a service organization, investing in founders who share these values. They support entrepreneurs in building lasting companies by assisting at key inflection points and leveraging networks to help them propel their businesses forward.

SV Angel

Susa Ventures is an early-stage venture capital firm investing primarily in seed rounds. The firm was founded in October 2013 and si headquartered in San Francisco, California, United States.

Susa Ventures

Liquid2 Ventures provides technology startups with seed-stage investments and is based in San Francisco, California. The firm was founded in 2015 by Joe Montana, Mike Miller, and Michael Ma.

Liquid 2 Ventures

Founders Fund is a venture capital firm that invests at every stage in companies building revolutionary technologies. It has been investors, founders, and early employees of prominent technology companies. It has historically invested in a wide variety of sectors, including aerospace, artificial intelligence, advanced computing, energy, health, and consumer Internet.

Founders Fund

West is a venture studio that specializes in the end-to-end process of designing, building, and launching purpose-driven brands. It enables companies to define and defend their market opportunity with a brand people love. The company's brand studio creates work to deliver results for startups for a combination of fees and equity and its venture fund selectively invests in our studio clients. West Ventures was established in 2011 and is headquartered in San Francisco, California.

West

Meritech Capital provides late-stage venture capital to technology companies. It specializes in the fields of finance, venture capital, and late-stage investment management.  It was founded in 1999 and headquartered in Palo Alto, California.

Meritech Capital Partners

B Capital Group backs brash entrepreneurs building technology companies. With offices in Los Angeles, San Francisco, and Singapore, B Capital Group focuses on pioneering start-ups that are ready to scale across the global stage. Partnering with Boston Consulting Group, and its incubation arm BCG Digital Ventures, B Capital delivers access to top corporations to match start-ups with the world's most powerful CEOs, platforms, and brands. B Capital Group's unique multinational presence, combined with deep industry expertise, has built a portfolio of B2B and B2B2C startups that are transforming large traditional industries across borders and geographies. It helps startups navigate business challenges, raise capital, and attract talented leadership at key points of their journeys to scale.

B Capital

Goldman Sachs Asset Management provides institutional and individual investors with investment and advisory solutions, with strategies spanning asset classes, industries, and geographies.  They seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. It was founded in 1991 and is headquartered in New York, United States.

Goldman Sachs Asset Management

XYZ Ventures is an early-stage venture capital firm that supports startups build companies in the fintech and insurtech industries.

XYZ Venture Capital

Started in 2007, PROPEL helps guide the development of formation-stage and early-stage life sciences companies by providing entrepreneurs with access to specialized resources and expertise to prepare them for early-stage funding. PROPEL has awarded >$1.2 million in grants and awards since 2007.  This has had a strong leverage effect: for each $1 awarded, PROPEL portfolio companies raised $214 in new funding. Industry initially led the development of PROPEL through generous support from Abbott and AbbVie, Astellas Pharma US, Inc., Baxter International Inc. and Takeda Pharmaceuticals North America.  Today, PROPEL has strong support from the broad life sciences community encompassing the three pillars of financial support: corporate/industry; private foundations; and public/government. In the last several years, funding sources include: iBIO, corporate partners (listed above), grants from the Searle Funds of The Chicago Community Trust, US Small Business Administration, the City of Chicago and Illinois DCEO.

Propel

PruVen Capital is an independent venture and growth investing firm set up in partnership with Prudential Financial as our single LP.

PruVen Capital

Vetamer Capital Management is a global growth-oriented investment firm that makes concentrated, long-term investments in public and private financial technology and software companies. It specializes in the fields of venture capital. financial services, and finance.

Vetamer

Stack Capital Group offers long-term growth potential to innovative growth and late-stage private companies. It has the ability to invest in private companies from various sectors before they go public, as well as hold them as public companies.

Stack Capital

Altai Ventures is an early and growth-stage venture capital firm.

Altai Ventures

Newfront

<div>Newfront Insurance (Newfront) provides a range of insurance solutions, which include property and casualty, cyber risk, and workers&rsquo; compensation through the integration of advanced technology and data-driven insights. The company leverages a digital platform to offer access to policies, claims, and other essential insurance documents. In July 2021, the company announced a merger with ABD Insurance and Financial Services, a company specializing in employee benefits, insurance, and financial services, to expand its customer reach and broaden its product offerings.&nbsp;</div>

Simplifying the insurance experience for businesses using technology

InsurTech: Commercial Lines

Newfront Insurance

Women's Sports-Focused NewFront Changes the Media Buying Game

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 Newfront Insurance (Newfront) provides a range of insurance solutions, which include property and casualty, cyber risk, and workers&rsquo; compensation through the integration of advanced technology and data-driven insights. The company leverages a digital platform to offer access to policies, claims, and other essential insurance documents. In July 2021, the company announced a merger with ABD Insurance and Financial Services, a company specializing in employee benefits, insurance, and financial services, to expand its customer reach and broaden its product offerings.&nbsp;
 
 
 
 
 
 Key customers and partnerships&nbsp;
 
 
 As of May 2024, Newfront served over 14,000 clients in 100+ countries, spanning numerous industries such as technology, real estate, transportation, and manufacturing.
 
 
 
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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

<div>
 
 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

<div>
 
 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 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.

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

Newfront Insurance

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