IAG Firemark Ventures

IAG Firemark Ventures is a corporate venture capital and incubation firm established by Insurance Australia Group in October 2016. Headquartered in Sydney, with additional offices in Surry Hills and Singapore, the firm focuses on making minority investments at various stages, including seed, early, and late-stage funding. IAG Firemark Ventures targets companies operating in sectors such as insurance, financial technology, insurance technology, artificial intelligence, machine learning, big data, cybersecurity, and the Internet of Things, primarily within Australia and Singapore.

Scott Gunther

Director of Commercial Development

Charlie Wood

General Partner

28 past transactions

7Analytics

Venture Round in 2025
7Analytics is a developer of a data analytics platform focused on sustainable planning, particularly in surface water management. The company leverages advanced modeling and artificial intelligence to enhance the precision of surface water calculations, aiding in effective decision-making. This innovative platform provides organizations with essential insights related to climate change and environmental understanding, enabling cities to be developed in a manner that is both efficient and sustainable. By integrating sophisticated data analytics, 7Analytics aims to support better planning for the future.

Ravin AI

Venture Round in 2023
Ravin AI Limited is a London-based company founded in 2018, specializing in developing artificial intelligence-powered software for vehicle inspection and management. The platform utilizes computer vision and machine learning to autonomously inspect vehicles using standard mobile or stationary cameras, facilitating damage detection and analysis without the need for specialized equipment. Ravin AI's solutions cater to various sectors, including fleet tracking, insurance claim processing, and used car sales, helping fleet owners, insurance processors, and dealerships generate accurate vehicle condition reports and streamline claims. By enhancing trust in car rentals, sharing, and sales, Ravin AI aims to improve operational efficiency and reduce inspection costs for its clients.

Planck

Venture Round in 2023
Planck is a commercial insurance data platform that empowers insurers to underwrite businesses with speed and accuracy. Utilizing artificial intelligence, Planck aggregates extensive datasets to provide real-time analytics and insights tailored to the commercial underwriting process. The platform enhances efficiency by pre-filling most responses in ACORD forms, minimizing errors and mitigating fraud, which helps to lower loss ratios. By leveraging publicly available data, image processing, and company reports, Planck enables insurance providers to conduct thorough risk assessments and develop customized insurance policies, ultimately streamlining the underwriting process.

Near Space Labs

Venture Round in 2023
Near Space Labs, headquartered in the United States, is an aerial imagery and earth observation company that provides comprehensive remote sensing solutions for various sectors. The company's services facilitate the monitoring of assets and enable remote access to both broad and specific areas through cloud-based delivery of fully processed images via an API. Near Space Labs supports a range of industries including insurance, utilities, infrastructure, conservation, smart cities, retail, energy, government, and disaster response. By offering affordable and frictionless imaging, the company assists clients in tracking construction progress, addressing issues such as pipeline leaks and vegetation encroachment, and responding to weather-induced damage, thereby providing actionable geospatial information that enhances mobility, leisure, and urban planning.

OpenAgent.com.au

Venture Round in 2023
OpenAgent Pty Ltd. operates an online platform in Australia that allows property sellers to search for and compare real estate agents. Established in 2012 and based in Sydney, the platform enables users to evaluate agents based on their recent sales performance and customer reviews. The service is designed to enhance the property transaction experience by helping sellers find agents who can deliver on their promises, engage on favorable terms, and monitor the progress of their transactions. By leveraging data and customer feedback, OpenAgent aims to simplify the selling process and improve overall satisfaction in the real estate market.

Demyst

Venture Round in 2023
Demyst provides a cloud-based management platform that enables financial institutions to effectively integrate and centralize diverse data sources through a single interface. By facilitating the incorporation of external data into business workflows, the platform enhances decision-making processes and helps organizations maintain regulatory compliance. This approach allows financial institutions to better serve their customers and adapt to the rapidly evolving landscape of data-driven insights.

Trendspek

Series A in 2022
Trendspek is a provider of drone data solutions that empower asset managers to make informed decisions regarding their assets. The company offers software that generates 3D models from drone-captured inspection data, accessible through any web browser. This technology allows for complete visual inspections and the extraction of detailed insights without the need for physical site visits, making the process more cost-effective. By analyzing structural data and monitoring trends, Trendspek enhances predictive maintenance and allows users to compare different asset models side by side, thereby refining their understanding of asset conditions in a dynamic environment.

Plnar

Venture Round in 2022
Plnar is an insurtech software provider that specializes in transforming the insurance claims process through its innovative technology. The company offers a digital platform that enables desk adjusters to create detailed two-dimensional and three-dimensional models of interior spaces using just digital photos. This artificial intelligence-based solution facilitates contactless inspections for interior property claims, enhancing the overall customer experience by significantly reducing cycle times and costs. By generating accurate measurements from smartphone images, Plnar streamlines the claims process, allowing for quicker and more efficient settlements.

Koordinates

Venture Round in 2022
Koordinates Limited is a geospatial data management platform based in Auckland, New Zealand, with an additional office in Wellington. Established in 2005, the company provides a robust environment for users to host, manage, share, publish, and access geospatial data. The platform facilitates the connection between data publishers and users, allowing professionals across various fields—such as engineering, environmental science, and academia—to utilize geospatial information effectively. By offering a user-friendly web interface and performing on-the-fly ETL (Extract, Transform, Load) processes, Koordinates enables organizations to access data in their preferred formats without the need for standalone databases. The platform supports the publication of both open and private datasets, while also offering analytics and documentation to enhance the user experience.

Valiant

Venture Round in 2022
Valiant is an online business loan marketplace based in Surry Hills, Australia, founded in 2015. The company offers a platform that enables small business owners and their advisers to search for and compare various loan products and lenders, facilitating access to timely and affordable business loans. By leveraging proprietary technology, Valiant aims to simplify the loan selection process, helping users identify the best funding options tailored to their needs. The company's mission is to empower small business owners by providing clear insights into available loan opportunities, thereby enhancing their chances of securing the necessary financing.

UpGuard

Series B in 2021
UpGuard Inc. is a cybersecurity company based in Mountain View, California, founded in 2012. The company offers a platform that provides comprehensive assessments of an organization's IT infrastructure, both internally and externally, to calculate potential risks for data breaches and outages. Its key offering, the CyberSecurity Threat Assessment Report (CSTAR), delivers a straightforward score reflecting an organization’s risk level, which is useful for IT teams and executives alike. UpGuard's solutions include integrity monitoring, configuration differencing, advanced vulnerability analytics, and automated runbook generation. These tools enable clients to identify security gaps, streamline compliance testing, and enhance visibility into their infrastructure's true state. The company's services are utilized by thousands of organizations, including major firms like ADP, E*TRADE, and Cisco Systems, to validate their infrastructure, continuously detect risks, and manage cybersecurity insurance needs. UpGuard was previously known as ScriptRock Inc. before its rebranding in January 2016.

Arturo

Series B in 2021
Arturo Inc. is an artificial intelligence and deep-learning company that specializes in property analytics, offering detailed information on both residential and commercial properties. Based in Chicago, Illinois, Arturo's platform utilizes advanced technology to generate structured data observations and predictive analysis derived from satellite, aerial, and ground-level imagery, among other data sources. This capability allows the company to provide accurate measurements and insights that are immediately applicable to its clients' business systems. Arturo primarily serves the property and casualty insurance, reinsurance, lending, and securities markets, streamlining the process of extracting valuable insights from complex data sets to support its customers' decision-making needs.

Truuth

Venture Round in 2021
Truuth is a provider of digital identity solutions focused on enhancing security and accuracy while simplifying the user experience. The company develops tools aimed at reducing the risk of identity fraud through a comprehensive suite of integrated services. These services include passwordless authentication, fraud detection, and digital onboarding, which support clients in performing Know Your Customer (KYC) processes and ensuring the accuracy of identity verification. By offering these features, Truuth addresses the growing need for reliable and efficient identity management in various sectors.

Soul Machines

Venture Round in 2021
Soul Machines Limited, founded in 2016 and headquartered in Auckland, New Zealand, specializes in the development of emotionally responsive avatars that enhance user experiences across various artificial intelligence platforms. The company offers a range of products, including the Digital DNA Studio, which allows users to create custom digital avatars for applications in customer care, marketing, education, and more. By utilizing its innovative Biological AI technology and patented Digital Brain™, Soul Machines aims to humanize AI, creating engaging and empathetic AI assistants that facilitate deeper interactions and personalized experiences. With additional offices in major cities worldwide, including San Francisco, New York, London, Tokyo, and Melbourne, Soul Machines is at the forefront of transforming customer engagement through ethical and responsive human-machine collaboration.

Bluedot

Series B in 2020
Bluedot Innovation, Inc. specializes in location-based technology, providing a geofencing platform that enhances mobile applications and marketing strategies for various industries, including quick service restaurants, retail, and transportation. Founded in 2012 and headquartered in San Francisco, California, with additional offices in East Melbourne, Sydney, and Austin, Bluedot offers products such as Bluedot Point, a software development kit that enables brands to create engaging and interactive experiences for users. Their technology allows for precise identification of mobile app users when they arrive at businesses, place mobile orders, or navigate through tolls. Bluedot prioritizes user privacy by adhering to GDPR and CCPA guidelines, ensuring that personal information remains secure and is not shared or sold. The company’s solutions also include integration with various marketing clouds and support features like drive-thru services, click-and-collect, and loyalty programs.

Immuta

Series C in 2020
Immuta, Inc. develops a data security platform that helps organizations manage data security, privacy, and access control. The platform offers automated data governance features, including sensitive data discovery, classification, and the ability to author security and access control policies without coding. It enables self-service access to data while providing visibility into data usage. Immuta's solution is utilized by a diverse range of sectors, including finance, healthcare, government, and manufacturing, for purposes such as cloud migration, regulatory compliance, and secure collaboration. Founded in 2015 and headquartered in Boston, Massachusetts, Immuta has established itself as a trusted partner for Fortune 500 companies and government agencies worldwide.

Digital Agriculture Services

Series A in 2020
Digital Agriculture Services (DAS) specializes in leveraging machine learning and artificial intelligence to create innovative solutions for assessing and monitoring rural assets. Established in 2017 in collaboration with the Commonwealth Scientific and Industrial Research Organisation, DAS offers a cloud-based rural intelligence platform that delivers comprehensive and reliable data analytics. This platform provides extensive coverage of Australian rural properties, utilizing scientifically validated data and insights to offer geographic coverage, automatic guidance based on evidence, production forecasting, and benchmarking. Additionally, DAS shares exclusive agricultural insights developed by leading scientists, empowering clients to effectively predict and manage their agricultural investments and commerce.

Arturo

Series A in 2020
Arturo Inc. is an artificial intelligence and deep-learning company that specializes in property analytics, offering detailed information on both residential and commercial properties. Based in Chicago, Illinois, Arturo's platform utilizes advanced technology to generate structured data observations and predictive analysis derived from satellite, aerial, and ground-level imagery, among other data sources. This capability allows the company to provide accurate measurements and insights that are immediately applicable to its clients' business systems. Arturo primarily serves the property and casualty insurance, reinsurance, lending, and securities markets, streamlining the process of extracting valuable insights from complex data sets to support its customers' decision-making needs.

Myriota

Series B in 2020
Myriota Pty. Ltd. is an Australian company that specializes in developing low-power micro transmitters designed to facilitate secure data transmission for Internet of Things (IoT) applications. The company's technology enables devices to send small packets of data directly to low Earth orbit satellites, allowing for efficient communication across various sectors. Myriota's solutions are utilized in numerous applications, including asset monitoring in resource sectors, agriculture, oil and gas, mining, and environmental monitoring. The company was founded in 2015 and is headquartered in Adelaide, Australia, focusing on creating terminals, infrastructure, and applications that enhance operational efficiency and support data-driven decision-making in remote locations.

ActivePipe Group

Convertible Note in 2019
ActivePipe is a cloud-based email marketing platform tailored for real estate agents and brokers. It employs artificial intelligence to streamline communication with potential clients, enhancing engagement and improving the sales process. The platform automates marketing efforts, enabling agents to eliminate cold calls and foster more meaningful conversations. With its predictive analytics, ActivePipe identifies clients who are most likely to engage in transactions, thereby alerting agents to unlock potential opportunities within their databases. This approach allows real estate professionals to close more deals by focusing their efforts on the most promising leads.

Digital Agriculture Services

Venture Round in 2019
Digital Agriculture Services (DAS) specializes in leveraging machine learning and artificial intelligence to create innovative solutions for assessing and monitoring rural assets. Established in 2017 in collaboration with the Commonwealth Scientific and Industrial Research Organisation, DAS offers a cloud-based rural intelligence platform that delivers comprehensive and reliable data analytics. This platform provides extensive coverage of Australian rural properties, utilizing scientifically validated data and insights to offer geographic coverage, automatic guidance based on evidence, production forecasting, and benchmarking. Additionally, DAS shares exclusive agricultural insights developed by leading scientists, empowering clients to effectively predict and manage their agricultural investments and commerce.

Quantiful

Venture Round in 2019
Quantiful specializes in providing advanced data analytics services, focusing on big data, machine learning, and predictive analytics. The company has developed a cloud-based platform that enables businesses to forecast consumer behavior and market trends. By leveraging artificial intelligence, Quantiful's software analyzes diverse data sources, including econometrics, events, search activity, ratings, social media, forums, and web content. This comprehensive approach allows companies to better understand purchasing behaviors, facilitating more accurate product-level forecasts. Ultimately, Quantiful's solutions aim to help businesses optimize their working capital and enhance profitability.

PropertySafe

Venture Round in 2018
PropertySafe is an Australian-owned service that specializes in safety inspections for residential properties throughout Australia and New Zealand. The company assesses homes on behalf of owners, landlords, and property managers, providing detailed recommendations to enhance occupant safety. By focusing on common areas of personal risk, PropertySafe aims to minimize the likelihood of legal claims against property management professionals due to tenant injuries. Their comprehensive inspection and reporting service not only educates landlords about tenant safety but also establishes an audit trail of actions taken, ultimately helping to reduce operational costs for property management.

Life360

Funding Round in 2017
Life360, Inc. is a mobile application company headquartered in San Francisco, California, that focuses on enhancing family connectivity and safety. Founded in 2007, Life360 provides a platform for families to communicate, share locations, and monitor driving safety. The app, which serves millions of users in over 140 countries, offers features such as private location sharing, location history, crash detection, roadside assistance, and emergency alerts through both free and paid subscriptions. As the world's largest family-oriented social network, Life360 has over 50 million monthly active users and consistently ranks among the top social networking apps in the United States. The company's mission is to help families stay connected and secure by providing essential tools that address the needs of modern family life.

Airtasker

Series C in 2017
Airtasker is an online and mobile marketplace that facilitates connections between individuals and businesses seeking to outsource tasks and local service providers looking for work. The platform allows users to post various tasks for free, ranging from handyman services and home cleaning to administrative tasks and graphic design. Task posters can choose from a pool of rated, verified, and reviewed service providers who are ready to work immediately. Airtasker generates revenue through service fees and brokerage on stored value transactions, making it a trusted community marketplace for both service seekers and providers.

Hyper Anna

Series A in 2017
Hyper Anna is an innovative AI-powered analytics platform that provides major organizations worldwide, including Microsoft, IAG, Westpac, and Singtel, with the ability to analyze data and extract insights quickly and efficiently. With offices in Australia and Singapore, the platform allows users of all skill levels to make informed decisions by simplifying data analysis and eliminating repetitive tasks such as number crunching and presentation design. Hyper Anna connects to various databases and supports ad hoc analysis through easy configuration, enabling clients to harness the power of data for better business outcomes. Recognized by industry leaders like Gartner, CB Insights, KPMG, and Deloitte, Hyper Anna is positioned as a leading global innovator in the field of data analytics.

UpGuard

Funding Round in 2016
UpGuard Inc. is a cybersecurity company based in Mountain View, California, founded in 2012. The company offers a platform that provides comprehensive assessments of an organization's IT infrastructure, both internally and externally, to calculate potential risks for data breaches and outages. Its key offering, the CyberSecurity Threat Assessment Report (CSTAR), delivers a straightforward score reflecting an organization’s risk level, which is useful for IT teams and executives alike. UpGuard's solutions include integrity monitoring, configuration differencing, advanced vulnerability analytics, and automated runbook generation. These tools enable clients to identify security gaps, streamline compliance testing, and enhance visibility into their infrastructure's true state. The company's services are utilized by thousands of organizations, including major firms like ADP, E*TRADE, and Cisco Systems, to validate their infrastructure, continuously detect risks, and manage cybersecurity insurance needs. UpGuard was previously known as ScriptRock Inc. before its rebranding in January 2016.

Pocketbook

Funding Round in 2016
Pocketbook is an online platform that simplifies personal finance management through its budgeting software. The tool automatically categorizes users' spending into various areas such as clothing, groceries, and transportation, providing immediate insights into past and future expenditures upon signup. By enabling users to track their spending effectively, Pocketbook helps individuals and households manage their finances with ease.
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