MS&AD Ventures

MS&AD Ventures Inc. is the venture capital division of MS&AD Insurance Group Holdings, established in June 2018 and located in Menlo Park, California. The firm focuses on investing in seed to series B start-ups, as well as early to late-stage companies. It targets a range of sectors including big data, insurance and financial services, risk technology, InsurTech, fintech, Internet of Things, climate, cybersecurity, mobility, health, artificial intelligence, and analytics. MS&AD Ventures typically invests between $0.5 million and $3 million in businesses across the globe, aiming to support innovative solutions that can drive growth and transform industries.

Tak Sato

Managing Partner

Jon Soberg

Managing Partner

Tiffine Wang

Partner

Past deals in Motor Insurance

Accelerant

Private Equity Round in 2022
Accelerant Holdings Ltd. is a wholesale insurance managing general agent (MGA) that primarily serves the small and medium-sized enterprise (SME) market. Founded in 2018 and headquartered in London, United Kingdom, the company operates as an underwriting group, focusing on a carefully selected and managed network of members. By providing tailored insurance solutions, Accelerant aims to address the unique needs of SMEs, fostering a strong support system within this sector.

Marble

Seed Round in 2021
Insurance companies spend billions on marketing to find new customers, and often those costs come back to you in the form of higher premiums. We’re changing that. At Marble, we put our members at the center of the insurance process so they can effortlessly protect the things they care about, all while earning the value they deserve. We’re laser-focused on saving insurance customers money by building a rewards-based membership program. This same loyalty program serves as a more direct and effective marketing channel for insurance companies. It’s not often that you get to say this when talking about insurance, but with Marble, everybody truly does win.

Carro

Debt Financing in 2020
Carro is an automotive marketplace that offers a full-stack service for all aspects of car ownership. It challenges the traditional way of buying and selling of cars through a proprietary pricing algorithm. Carro also provides a range of services that offer everything a car owner needs throughout their car ownership journeys such as an in-house financing solution warranty options and Singapore’s first on-demand roadside recovery platform. The company was founded in 2015 and is headquartered in Singapore.

Next Insurance

Series D in 2020
Next Insurance Inc. is an online insurance agency that specializes in providing affordable insurance products and services tailored to small businesses and entrepreneurs. Founded in 2015 and based in Palo Alto, California, the company offers a variety of insurance options, including general liability, professional liability, commercial auto, business insurance, and workers' compensation. Its services cater to a diverse range of sectors, including construction, fitness, beauty, therapy, and education. By leveraging technology, Next Insurance streamlines the insurance purchasing process, eliminating the need for agents and reducing costs for clients. The company is committed to transparency, with efficient claims investigation processes that often yield decisions within 48 hours.

Bambi Dyanamic

Series A in 2020
Bambi's data driven white label cloud platform enables insurance companies, mobility service providers, OEM's and their ecosystem to offer their consumers dynamic, friendly and quickly implemented vehicle insurance products with a new approach for product offering and customer engagement. Fitted to the fast-changing mobility and transportation landscape, the platform provides assembling and operating personalized insurance products for private and commercial vehicles, new mobility models like MaaS, ride-hailing services, car-sharing, e-scooters, delivery and other future models. Being in the intersection of the new mobility/insurance ecosystem, with data & connectivity, and with flexible product design, we enable to create new appealing digital insurance products that could not be created before. Working in B2B2C and B2B models, we characterize the insurance products with our partners, setup the platform, integrate it with the IT systems and with the relevant data points. With omni-channel capabilities and cross platform applications (web, mobile apps), we offer a full suit including underwriting, pricing, policy admin, operations, initiation of claim processes and more. Our personalized insurance products are amongst others characterized with On-Demand and UBI solutions for motor and none-motor insurance products in the P&C insurance business lines.

Carro

Venture Round in 2020
Carro is an automotive marketplace that offers a full-stack service for all aspects of car ownership. It challenges the traditional way of buying and selling of cars through a proprietary pricing algorithm. Carro also provides a range of services that offer everything a car owner needs throughout their car ownership journeys such as an in-house financing solution warranty options and Singapore’s first on-demand roadside recovery platform. The company was founded in 2015 and is headquartered in Singapore.

Nimbla

Convertible Note in 2020
Nimbla provides B2B invoice insurance to small and medium-sized businesses in the United Kingdom. The London fintech company, through their unique technology, allows them to instantly review the credit rating of their invoices and insure them individually, paying out in the event of insolvency.

Thimble

Series A in 2019
Thimble Insurance Services, founded in 2015 and headquartered in New York, offers on-demand insurance solutions tailored for small businesses and independent workers. The company provides liability coverage across more than 100 professions, including landscapers, beauticians, dog walkers, handymen, DJs, and musicians. With a focus on flexibility, Thimble enables users to access short-term and versatile insurance that adapts to their specific needs. Originally starting as a provider of drone insurance, Thimble has expanded its offerings to serve a broader range of small businesses in the on-demand economy. As a licensed insurance broker in all 50 states and the District of Columbia, Thimble partners with reputable providers to ensure that customers can secure A-rated insurance for every job.

ELEMENT Insurance

Series A in 2019
ELEMENT Insurance AG provides digital insurance services. Its services includes digital businesses and insurances, InsurTech founder, and insurance brokering. The company was founded in 2017 and is based in Berlin, Germany.