American Family Ventures

Founded in 2010, American Family Ventures is a venture capital firm specializing in seed to series B investments. It focuses on companies developing technologies and business models relevant to the future of insurance, with an emphasis on FinTech, data analytics, IoT, cybersecurity, and home automation. The firm invests between $500k to $2m per round.

Isaac Apea

Investor

CJ Armbrust

Principal

Clayton Armbrust

Principal

Josh Aycock

Principal

Kyle Beatty

Managing Director

Brittany Clements

Managing Director

Jeremy Epstein

Senior Analyst

Peter Gunder

Venture Partner

Katelyn Johnson

Managing Director

Amanda Joseph

Principal

Cooper Larue

Investor

Mike Mansell

Principal

Kyle Nakatsuji JD

Principal

Max Peterson

Analyst

Tiana Pidgeon

Investor

Dan Reed

Managing Director

Vik Sasi

Associate

Stephen Todres

Investor

Past deals in Insurance

Elysian

Convertible Note in 2024
At Elysian, we are reshaping the future of insurance claims handling by seamlessly merging human expertise with frontier AI intelligence. Combining decades of industry experience in both insurance and technology, we are building an AI-first platform from the ground-up to empower high caliber claims talent with technological solutions leveraging claim intelligence. We enable the strategic growth of our clients through exceptional cradle-to-grave claim services and deliver exceptional outcomes, including real-time observability, cost optimization, and customer satisfaction. We're not just building "another insurtech" or another "AI point-solution." Elysian is here to break traditional boundaries, thoughtfully merging technology and human expertise to create a future where claims are no longer a burden, but a solution.

Ledgebrook

Series B in 2024
Ledgebrook is a technology-driven managing general agent (MGA) focused on modernizing the specialty insurance sector. The company aims to streamline the quoting process for wholesale brokers through an innovative platform that utilizes an API-powered quoting system and AI-driven risk assessment. By eliminating manual processes and reducing underwriting delays, Ledgebrook facilitates a quicker and more efficient experience for brokers, enabling them to secure competitive pricing and access a diverse range of specialty products. Ledgebrook is led by seasoned insurance industry professionals who envision transforming the company into a globally diversified reinsurer, underpinned by advanced technology.

Ledgebrook

Series A in 2024
Ledgebrook is a technology-driven managing general agent (MGA) focused on modernizing the specialty insurance sector. The company aims to streamline the quoting process for wholesale brokers through an innovative platform that utilizes an API-powered quoting system and AI-driven risk assessment. By eliminating manual processes and reducing underwriting delays, Ledgebrook facilitates a quicker and more efficient experience for brokers, enabling them to secure competitive pricing and access a diverse range of specialty products. Ledgebrook is led by seasoned insurance industry professionals who envision transforming the company into a globally diversified reinsurer, underpinned by advanced technology.

Chelsea Avondale

Series C in 2023
Chelsea Avondale acquires property and casualty insurance companies, enhancing their operations with advanced pricing methodologies and systems. They focus on community-based insurers to deliver superior risk-adjusted returns.

Boundless Rider

Seed Round in 2022
Boundless Rider specializes in providing insurance services tailored for users of specialty vehicles, including motorcycles, e-bikes, ATVs, UTVs, and snowmobiles. The company focuses on product innovation and rider-centric solutions, aiming to deliver low-cost, tech-enabled insurance options that enhance safety and extend coverage for riders. Boundless Rider's platform allows for the seamless bundling of its innovative offerings with existing core insurance products, thereby supporting riders in pursuing their passion with greater confidence and security. Through its commitment to excellence in claims, the company seeks to elevate the overall experience for riders within this niche market.

Ledgebrook

Seed Round in 2022
Ledgebrook is a technology-driven managing general agent (MGA) focused on modernizing the specialty insurance sector. The company aims to streamline the quoting process for wholesale brokers through an innovative platform that utilizes an API-powered quoting system and AI-driven risk assessment. By eliminating manual processes and reducing underwriting delays, Ledgebrook facilitates a quicker and more efficient experience for brokers, enabling them to secure competitive pricing and access a diverse range of specialty products. Ledgebrook is led by seasoned insurance industry professionals who envision transforming the company into a globally diversified reinsurer, underpinned by advanced technology.

Branch

Series C in 2022
Branch Financial, Inc. is an insurance agency based in Columbus, Ohio, founded in 2017 by Steve Lekas and Joe Emison. The company specializes in home and auto insurance, offering a range of products including renters and umbrella insurance, which can be added to auto policies. Utilizing advanced technology, Branch streamlines the process of bundling home and auto insurance online, aiming to enhance accessibility and affordability for its customers. By leveraging community resources, Branch seeks to transform the insurance landscape, making it easier for individuals to obtain necessary coverage.

Pendella

Seed Round in 2022
Founded in 2018, Pendella is a technology company that simplifies employee benefits. It offers an AI-powered platform providing instant life and disability insurance quotes, personalized recommendations, and seamless implementation for employers, HR systems, PEOs, brokers, and enrollment firms.

RoofMarketplace

Seed Round in 2021
RoofMarketplace is a digital platform that facilitates the connection between insurance carriers, homeowners, and qualified roofing contractors. The marketplace offers homeowners access to vetted roofers, enabling them to receive cost-effective quotes for roofing projects. It streamlines the process by allowing contractors to bid on specific projects, thereby enhancing competition and transparency. Through RoofMarketplace, consumers can conduct the estimating, review, and selection processes entirely online, eliminating the need for phone calls or onsite meetings. This innovative approach benefits both homeowners and contractors, making roof replacement projects more efficient and accessible.

Branch

Series B in 2021
Branch Financial, Inc. is an insurance agency based in Columbus, Ohio, founded in 2017 by Steve Lekas and Joe Emison. The company specializes in home and auto insurance, offering a range of products including renters and umbrella insurance, which can be added to auto policies. Utilizing advanced technology, Branch streamlines the process of bundling home and auto insurance online, aiming to enhance accessibility and affordability for its customers. By leveraging community resources, Branch seeks to transform the insurance landscape, making it easier for individuals to obtain necessary coverage.

Gradient AI

Series B in 2021
Gradient AI is a provider of AI solutions specifically tailored for the insurance industry, utilizing extensive industry data to deliver accurate predictions. The company's predictive analytics platform enhances key processes such as underwriting and claims management by integrating advanced machine learning models. Through automated workflows and seamless API integration, Gradient AI enables insurance companies to streamline their operations, improve decision-making, and enhance customer service. Their technology aims to minimize claims and boost profitability, ultimately leading to better risk assessment and more efficient business practices within the insurance sector.

Clearcover

Series D in 2021
Founded in 2016, Clearcover is a digital car insurance provider based in Chicago, Illinois. It offers affordable coverage through an API-first approach, selling products directly to customers and through agents.

LeaseLock

Series B in 2021
LeaseLock is a technology company that replaces security deposits with insurance, streamlining the rental process. It uses AI to optimize coverage based on property history and integrates seamlessly into online leasing platforms, resulting in improved conversion rates and reduced risk for property owners.

Turtlemint

Series D in 2020
Turtlemint is an online insurance platform based in Mumbai, Maharashtra, India, that simplifies the process of buying and managing insurance policies. Founded in 2015, the company aims to make insurance accessible and understandable by demystifying complex jargon and providing user-friendly tools. Turtlemint offers a range of insurance products, including car, bike, health, and term life insurance, allowing customers to search, compare, and purchase policies entirely online with just a few clicks. The platform leverages proprietary algorithms and data analytics to provide personalized recommendations, while also offering a network of offline facilitators to assist with the purchase and claims process. This comprehensive approach enables clients to select the right insurance schemes tailored to their needs.

Branch

Series A in 2020
Branch Financial, Inc. is an insurance agency based in Columbus, Ohio, founded in 2017 by Steve Lekas and Joe Emison. The company specializes in home and auto insurance, offering a range of products including renters and umbrella insurance, which can be added to auto policies. Utilizing advanced technology, Branch streamlines the process of bundling home and auto insurance online, aiming to enhance accessibility and affordability for its customers. By leveraging community resources, Branch seeks to transform the insurance landscape, making it easier for individuals to obtain necessary coverage.

Bold Penguin

Series B in 2020
Bold Penguin is a commercial insurance exchange that connects customers, agents, and carriers to match the right quote quickly. It focuses on agents, delivering a user-friendly experience for businesses and a streamlined underwriting process for carriers. The company operates an Exchange that uses a set of solutions to identify, triage, quote, and bind commercial insurance in a highly efficient, tech-enabled workflow. It aims to provide platform enhancements that increase flexibility in how core technology is leveraged by enterprise customers and to expand into excess and surplus lines. Founded in 2016 and headquartered in Columbus, Ohio, Bold Penguin seeks to simplify the commercial insurance selection and underwriting process through digital collaboration among buyers, agents, and insurers.

Clearcover

Series C in 2020
Founded in 2016, Clearcover is a digital car insurance provider based in Chicago, Illinois. It offers affordable coverage through an API-first approach, selling products directly to customers and through agents.

LeaseLock

Series A in 2019
LeaseLock is a technology company that replaces security deposits with insurance, streamlining the rental process. It uses AI to optimize coverage based on property history and integrates seamlessly into online leasing platforms, resulting in improved conversion rates and reduced risk for property owners.

Avinew

Seed Round in 2019
Avinew develops AI-driven software solutions for the insurance industry. It specializes in telematics-based programs that detect and measure semi-autonomous and autonomous vehicle features to determine premium discount eligibility.

Clearcover

Series B in 2019
Founded in 2016, Clearcover is a digital car insurance provider based in Chicago, Illinois. It offers affordable coverage through an API-first approach, selling products directly to customers and through agents.

LeaseLock

Series A in 2018
LeaseLock is a technology company that replaces security deposits with insurance, streamlining the rental process. It uses AI to optimize coverage based on property history and integrates seamlessly into online leasing platforms, resulting in improved conversion rates and reduced risk for property owners.

Bunker

Series A in 2017
Bunker provides insurance compliance and verification solutions for businesses. Its platform combines Smart COI screening, compliance verification, and on-demand insurance, enabling contract workflows to manage coverage across projects. It also operates a contract-related marketplace that connects small business buyers with the right policies, delivering exact policies when needed to support enterprises, suppliers, and independent contractors who use contingent staffing models.

Bunker

Seed Round in 2016
Bunker provides insurance compliance and verification solutions for businesses. Its platform combines Smart COI screening, compliance verification, and on-demand insurance, enabling contract workflows to manage coverage across projects. It also operates a contract-related marketplace that connects small business buyers with the right policies, delivering exact policies when needed to support enterprises, suppliers, and independent contractors who use contingent staffing models.

CoverHound

Series C in 2015
CoverHound, Inc., operating as CoverHound Insurance Solutions, is a technology company based in San Francisco, California, that specializes in an online platform for comparing property and casualty insurance, particularly car insurance. Established in 2010, CoverHound provides consumers with the ability to assess their personal insurance needs and receive accurate rate comparisons from top national carriers and local agents. The platform aims to deliver transparent options and smart recommendations, enabling users to find the most suitable policies at competitive prices. Emphasizing consumer control, CoverHound ensures that users receive personalized quotes without spam and with a commitment to protecting their private information.

CoverHound

Series B in 2015
CoverHound, Inc., operating as CoverHound Insurance Solutions, is a technology company based in San Francisco, California, that specializes in an online platform for comparing property and casualty insurance, particularly car insurance. Established in 2010, CoverHound provides consumers with the ability to assess their personal insurance needs and receive accurate rate comparisons from top national carriers and local agents. The platform aims to deliver transparent options and smart recommendations, enabling users to find the most suitable policies at competitive prices. Emphasizing consumer control, CoverHound ensures that users receive personalized quotes without spam and with a commitment to protecting their private information.
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