Alma Mundi Ventures

Alma Mundi Ventures is currently managing 3 venture funds, adding up to more than €170 M. Alma Mundi Funds 1 & 2 are vertical agnostic B2B deep-tech venture funds investing between 1M and 5M per deal. The third fund is an InsurTech Venture Fund with European focus, backed by leading European international insurance companies and Mutuality Funds, investing between 1M and 7M in Series A, B, and C of leading European insurtech startups. AMV is headquartered in Madrid but with operational presence in Barcelona, London and Seattle; and offers a unique added value to invested startups by leveraging a global network called the "Mundi Club", which was promoted by the founding partners and gathers nearly 700 top-executive members in more than 40 cities worldwide. http://mundiventures.com

Rajeev Singh-Molares

Founder and Managing Partner

Moisés Sanchez

Partner

Lluís Viñas Fernández

Investment Associate

Past deals in Life and Health Insurance

Kinsu

Convertible Note in 2023
Kinsu is an insurance agency that aims to simplify the insurance purchasing process for clients while addressing the protection gap and promoting financial inclusion. The company offers a range of insurance products, including car, medical, home, life, and retirement insurance. By providing clear explanations of the available options, Kinsu helps clients navigate the complexities of insurance, ultimately saving them time and money. Additionally, Kinsu focuses on reducing acquisition costs to make insurance more accessible to a broader audience.

ELEMENT Insurance

Series B in 2022
ELEMENT Insurance is a white-label product factory for insurance and a leader in insurance digitalization. It is licensed by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzaufsicht) as a direct insurer for non-life insurance, which enables ELEMENT to act as a risk carrier, including claims settlement, in 28 countries across Europe. Founded in March 2017, ELEMENT offers a unique technology platform (‘Insurance as a Platform’) with a focus on the B2B2X value chain: ELEMENT develops for its partners from various industries – from e-commerce to established insurers – custom-made, innovative white-label insurance products at record speed. These products are then marketed by the partners under their own brand. ELEMENT has its headquarters in Berlin and operates across Europe.

SafetyWing

Series B in 2022
SafetyWing is a startup that provides travel medical insurance solutions to remote and gig economy workers. The company operates in the field of insurtech and offers insurance coverage to remote digital nomads through its Remote Health product, an application that offers personalized services for people outside their home country. It provides benefits such as emergency medical treatment, coverage for lost luggage, and travel delay, enabling online freelancers and entrepreneurs with transferable jobs and no fixed incomes to get themselves and their travel insured through cost-effective schemes in real-time. Sondre Rasch, Sarah Beyahte Sandnes, and Hans Nyvold Kjellby established the company in Palo Alto, California in 2017.

Betterfly

Series C in 2022
Betterfly is a purpose-driven wellbeing and insurance platform based in Santiago, Chile, founded in 2018. The company focuses on enhancing the health and wellbeing of employees while fostering positive community impacts. Its innovative platform allows organizations to reward employees for maintaining healthy habits by offering life insurance coverage that increases over time. Additionally, every healthy activity is converted into a charitable donation sponsored by the company. This model not only supports employee wellbeing but also integrates corporate wellness and social responsibility into business operations, allowing companies to contribute actively to their communities.

Descartes Underwriting

Series B in 2022
The climate is changing and new risks are emerging, yet the insurance industry is neither structured nor prepared to meet the evolving challenges clients face. Descartes' mission is to provide best-in-class, climate tech driven parametric insurance for every corporate and government, in every region of the world. We exist so that businesses and society can have trust in their coverage and continuity despite the next disaster. The company was founded in 2018 and is headquartered in Paris, with international offices located in London, Madrid, Frankfurt, New York, Sydney, Singapore, & Hong Kong

Kinsu

Pre Seed Round in 2021
Kinsu is an insurance agency that aims to simplify the insurance purchasing process for clients while addressing the protection gap and promoting financial inclusion. The company offers a range of insurance products, including car, medical, home, life, and retirement insurance. By providing clear explanations of the available options, Kinsu helps clients navigate the complexities of insurance, ultimately saving them time and money. Additionally, Kinsu focuses on reducing acquisition costs to make insurance more accessible to a broader audience.

Asistensi

Series A in 2021
With asistensi, migrants will be empowered to live their lives abroad with the peace of mind that we take care of their loved ones' health back home. At asistensi we believe that health is a fundamental human right. We also believe it is key to people's prosperity. We are on a mission to make health care accessible to everyone with a digital-first approach to health insurance.

ELEMENT Insurance

Funding Round in 2021
ELEMENT Insurance is a white-label product factory for insurance and a leader in insurance digitalization. It is licensed by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzaufsicht) as a direct insurer for non-life insurance, which enables ELEMENT to act as a risk carrier, including claims settlement, in 28 countries across Europe. Founded in March 2017, ELEMENT offers a unique technology platform (‘Insurance as a Platform’) with a focus on the B2B2X value chain: ELEMENT develops for its partners from various industries – from e-commerce to established insurers – custom-made, innovative white-label insurance products at record speed. These products are then marketed by the partners under their own brand. ELEMENT has its headquarters in Berlin and operates across Europe.

Urban Jungle

Series A in 2021
Urban Jungle is an insurance technology business based in the UK. Urban Jungle leverages technology to help young customers get access to cheaper, better, home insurance.

Asistensi

Seed Round in 2020
With asistensi, migrants will be empowered to live their lives abroad with the peace of mind that we take care of their loved ones' health back home. At asistensi we believe that health is a fundamental human right. We also believe it is key to people's prosperity. We are on a mission to make health care accessible to everyone with a digital-first approach to health insurance.

ELEMENT Insurance

Series A in 2018
ELEMENT Insurance is a white-label product factory for insurance and a leader in insurance digitalization. It is licensed by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzaufsicht) as a direct insurer for non-life insurance, which enables ELEMENT to act as a risk carrier, including claims settlement, in 28 countries across Europe. Founded in March 2017, ELEMENT offers a unique technology platform (‘Insurance as a Platform’) with a focus on the B2B2X value chain: ELEMENT develops for its partners from various industries – from e-commerce to established insurers – custom-made, innovative white-label insurance products at record speed. These products are then marketed by the partners under their own brand. ELEMENT has its headquarters in Berlin and operates across Europe.
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