Nationwide

Nationwide is a prominent group of insurance and financial services companies based in Columbus, Ohio, with a history dating back to 1926. It offers a broad range of products, including long-term savings, retirement solutions, and various insurance policies. The organization has evolved from a small mutual auto insurer into one of the largest insurance and financial services firms in the world, managing over $158 billion in statutory assets. Nationwide Ventures, LLC, established in 2016, serves as the company’s financial investment arm, focusing on early to late-stage startups in sectors such as fintech, insurtech, and customer-centric platforms. The venture firm looks to invest between $1 million and $5 million in innovative solutions that leverage digital, mobile, and analytics technologies, aiming to enhance customer experiences and explore new business models.

Harry Hallowell

Chief Investment Officer

Thomas Shanklin

Managing Director

44 past transactions

Mitiga Solutions

Series A in 2023
Mitiga Solutions, S.L. develops and offers data science solutions to evaluate and manage volcanic hazards and improve risk management for clients in aviation, insurance, humanitarian, and other sectors. The company offers TAULA, a problem-agnostic computational platform that tackles with natural hazard risks ranging from volcanic eruptions and sandstorms to wildfires. Its solutions include advanced predictive analytics, an early warning system, weather and CAT risk modelling, and scientific visualization tools. The company’s solutions anticipate the impact of natural hazards before they materialize; monitor natural hazards as they unfold in real time; and evaluate the impact of natural hazards after they take place. Mitiga Solutions, S.L. was incorporated in 2018 and is based in Barcelona, Spain.

Foretellix

Series C in 2023
Foretellix Ltd. specializes in developing a verification framework for Intelligent Autonomous Systems, with a primary focus on Autonomous Vehicles. Founded in 2010 and based in Tel Aviv, Israel, the company provides solutions for inspecting and verifying the safety of complex automated driving systems. Foretellix has created a unique language that serves as a standard for describing scenarios related to autonomous vehicle operation. By employing a Coverage Driven Verification methodology, which has been successfully utilized in the semiconductor industry, Foretellix aims to enhance the safety verification and validation processes for Advanced Driver Assistance Systems (ADAS) and autonomous vehicles. The company's innovative approach aims to reduce risks, costs, and time to market in the rapidly evolving field of automotive technology.

Socotra

Series C in 2022
Socotra, Inc. is a technology company that offers a modern cloud-based platform tailored for the insurance industry. Founded in 2014 and based in San Francisco, California, Socotra's software facilitates various essential functions, including policy administration, underwriting, claims management, billing, and reporting. Designed for both property and casualty and life insurance sectors, the platform leverages advanced technologies to deliver a transparent, reliable, flexible, and secure solution. This enables insurers to efficiently develop and distribute products that meet the evolving needs of their customers.

Health Gorilla

Series C in 2022
Health Gorilla, Inc. specializes in providing interoperability solutions that enhance data sharing across the healthcare ecosystem, including patients, payers, providers, digital health solutions, and laboratories. The company's main offering is a clinical network that aggregates and normalizes patient data, facilitates clinical orders, and delivers real-time notifications, empowering patients with access to their personal health information. By ensuring secure interoperability and supporting social determinants of health (SDOH), Health Gorilla aims to deliver high-quality, actionable data that improves healthcare delivery, clinical outcomes, and revenue cycle management for healthcare organizations. The company, originally founded as Informedika, Inc. in 2011, rebranded to Health Gorilla in April 2014 and is headquartered in Sunnyvale, California.

Foretellix

Series B in 2021
Foretellix Ltd. specializes in developing a verification framework for Intelligent Autonomous Systems, with a primary focus on Autonomous Vehicles. Founded in 2010 and based in Tel Aviv, Israel, the company provides solutions for inspecting and verifying the safety of complex automated driving systems. Foretellix has created a unique language that serves as a standard for describing scenarios related to autonomous vehicle operation. By employing a Coverage Driven Verification methodology, which has been successfully utilized in the semiconductor industry, Foretellix aims to enhance the safety verification and validation processes for Advanced Driver Assistance Systems (ADAS) and autonomous vehicles. The company's innovative approach aims to reduce risks, costs, and time to market in the rapidly evolving field of automotive technology.

Insurify

Series B in 2021
Insurify is an internet company that features a software platform that specializes in car insurance. Its software platform utilizes artificial intelligence, language processing, and chatbots it provides personalized recommendations that help its users to decide about their car insurance. It was founded in 2013 and is headquartered in Cambridge, Massachusetts.

Upstream Security

Series C in 2021
Upstream is the first cloud-based centralized cybersecurity and analytics platform that protects the technologies and applications of connected and autonomous vehicles fleet. The platform leverages big data and machine learning to provide OEMs and vehicle fleets with unprecedented, comprehensive, and non-intrusive defense. With application security, real-time data protection and anomaly detection, attacks are identified and blocked before they reach and harm the vehicle's network. Upstream Security helps corporations mitigate connectivity risks and ensure the safety and security of smart mobility solutions protecting connected and autonomous vehicles. It also secures drivers, vehicles, and mobility services from misuse and cyber-attacks. Upstream C4 is a data-driven cloud-based platform that integrates with automotive data streams of vehicles and promises to detect incidents as they happen in real-time and allocating a rating based on perceived impact and severity The company was received the 15th Annual 2019 Info Security PG’s Global Excellence Awards in Automotive Security (IoT) and Cybersecurity Excellence Awards 2019 - Gold Winner (Automotive Cybersecurity Category). Upstream Security was founded in February 2017 and is based in Herzliya, Tel Aviv, Israel.

Prime Trust

Series A in 2021
Prime Trust LLC, based in Summerlin, Nevada, operates as a technology-driven trust company that provides innovative software solutions for trust and custodial services. It aims to disrupt the traditional trust industry by offering financial infrastructure APIs and customizable widgets for fintech and digital asset companies. As a chartered and regulated financial institution, Prime Trust is supervised by the banking commissioner’s office at the Financial Institutions Division. The company holds a diverse range of assets, including cash, stocks, bonds, cryptocurrencies, tokens, real estate, and ownership interests in private businesses. It acts as a custodian and trustee for various personal and corporate trusts, playing a significant role in the crowdfunding sector while collaborating with individuals, corporations, lawyers, brokers, and investment advisers to deliver specialized custodial, escrow, and trust services.

Vestwell

Series C in 2021
Vestwell is a digital retirement platform founded in 2016 and based in New York, New York. The company simplifies the offering and administration of 401(k) plans by addressing common challenges faced by advisors, employers, and employees. Vestwell streamlines the process through seamless plan design, automated onboarding, and efficient administration, while also providing flexible investment strategies at competitive prices. By serving as a single point of contact, Vestwell modernizes retirement offerings, focusing on the best interests of both plan sponsors and participants.

Certificial

Series A in 2021
Certificial is a real-time intelligent insurance verification platform, designed to simplify the Supplier management process by providing businesses with instant access to their Supplier’s insurance coverage and automatic updates when changes to their coverage occurs. The Certificial API integrates directly with brokers’ APIs as well as AMS providers, offering a seamless experience and accessibility for large and small Agents and Brokers alike with no associated costs to Insurers.

Extend

Series C in 2021
Extend, Inc. is a San Francisco-based company that specializes in providing extended warranties and protection plans for a wide range of products, including electronics, appliances, furniture, and automotive parts. Established in 2018, Extend offers both online and offline solutions that are underwritten by various insurance companies. The company operates an API-first platform, enabling merchants to seamlessly integrate warranty offerings into their eCommerce solutions, such as Shopify and Magento. Extend's intelligent decision engine employs machine learning to optimize warranty offers in real-time, enhancing customer support and improving conversion rates. By storing details of product purchases and warranty plans, Extend streamlines the claims process, ensuring a smooth experience for customers.

Vesta Healthcare

Venture Round in 2021
Vesta Healthcare is an industry-leading technology and clinical services organization, dedicated to connecting caregiver insights to the rest of the care team. Vesta Healthcare proactively identifies the need for additional resources in the home and provides 24/7 telehealth support for caregivers and care recipients, with a focus on high-need, frail senior populations. Vesta partners with home care agencies, health plans and providers to create value-based population health programs that emphasize clinical quality, improved health outcomes and personalized engagement. Vesta Healthcare is headquartered in New York, NY.

Beam

Series E in 2021
Beam Technologies Inc. operates as a dental benefits company. It designs and develops Beam Brush, a wirelessly connected toothbrush that offers consumers the ability to track and monitor brushing habits with a smartphone app. Beam also offers dental insurance plans and perks, which includes floss, toothpaste, and beam® brush with insurance plans. The company was founded in 2012 and is based in Columbus, Ohio.

Health Gorilla

Series B in 2021
Health Gorilla, Inc. specializes in providing interoperability solutions that enhance data sharing across the healthcare ecosystem, including patients, payers, providers, digital health solutions, and laboratories. The company's main offering is a clinical network that aggregates and normalizes patient data, facilitates clinical orders, and delivers real-time notifications, empowering patients with access to their personal health information. By ensuring secure interoperability and supporting social determinants of health (SDOH), Health Gorilla aims to deliver high-quality, actionable data that improves healthcare delivery, clinical outcomes, and revenue cycle management for healthcare organizations. The company, originally founded as Informedika, Inc. in 2011, rebranded to Health Gorilla in April 2014 and is headquartered in Sunnyvale, California.

Indico Data

Series B in 2020
Indico Data Solutions, Inc. is a Boston-based company that specializes in developing artificial intelligence solutions for automating the processing of unstructured content. Founded in 2013, Indico's platform allows enterprises to create customized machine learning models using smaller datasets, effectively enhancing the efficiency of labor-intensive document-based workflows. By focusing on automating tedious back-office tasks, Indico enables organizations to extract valuable insights from unstructured content, such as text and images. The company's innovative approach, known as transfer learning, empowers users to train machine learning models with significantly less data than traditional methods require. This capability helps businesses overcome common barriers to AI adoption, ultimately transforming their document processing into more profitable operations.

HOVER

Series D in 2020
HOVER Inc. is a technology company that specializes in creating home measurement applications that generate interactive 3D models of properties. Founded in 2011 and based in San Francisco, California, HOVER's platform allows users, including contractors and insurance professionals, to convert smartphone photos into accurate, photo-realistic 3D models. This technology facilitates exterior measurements and assists in producing estimates and appraisals for home improvement and insurance claims. By delivering detailed property data, HOVER enhances the home improvement experience, enabling homeowners to visualize projects, receive accurate estimates, and streamline insurance processes. The company also maintains a strategic partnership with SRS Distribution Inc. to further extend its reach in the market.

Kinetic

Series A in 2020
Kinetic creates wearable devices and cloud-based software that reduces workplace injuries, for the industrial workforce. REFLEX, the company's product is a device that employs analytics to provide reminders and notifications to workers once the device detects a high-risk motion such as unsafe postures that could cause injuries in the construction, warehouses, and factories environment. It can also be used as a sensor that detects COVID-19 exposure. In 2014, Haytham Elhawary and Aditya Bansal established Kinetic in New York, New York.

Planck

Series B in 2020
Planck Resolution LTD develops artificial intelligence-based software that provides insurance companies with data analytics for risk assessment and policy customization. Founded in 2016 and headquartered in Tel Aviv-Yafo, Israel, with an additional office in New York, the company offers a commercial lines data platform and an underwriters data dashboard. These tools aggregate extensive datasets and utilize AI to deliver key insights tailored to the commercial underwriting process. By automating data collection and analysis, Planck enhances the efficiency of underwriting, reduces errors, and helps insurers gain better visibility into risk factors. This leads to improved business conversion rates and lower loss ratios. Additionally, Planck has created an AI-driven web game called Slippery Floor.

Betterview

Convertible Note in 2020
Betterview provides property insight and workflow tools for Insurance companies to improve the customer experience by accelerating decisions and improving risk at every point of the lifecycle.

Nexar

Series C in 2020
Nexar Ltd. develops Dashcam, a mobile application which helps in predicting road accidents. The company's mobile application offers insights and alerts about surrounding cars and enables users to provide feedback and alerts to other drivers on the road. Its application records the road while driving; detects a hard break or an accident; records past, present, and future of an incident; and automatically creates an incident and uploads it to the cloud. Nexar Ltd. was founded in 2015 and is based in Tel Aviv Yafo, Israel

Deep Sentinel

Series A in 2020
Deep Sentinel Corp. develops advanced artificial intelligence-based home protection systems aimed at crime prevention. Founded by David Selinger in 2016 and headquartered in Pleasanton, California, the company focuses on creating user-friendly security solutions that stand out in a competitive market. Its product lineup includes security cameras, alarms, and other hardware, all designed to leverage deep learning technology for real-time threat evaluation. By analyzing video streams and contextual data, Deep Sentinel's systems can predict and mitigate potential criminal activity effectively, utilizing similar AI technologies employed in self-driving cars and facial recognition. The company also maintains a research and development office in Taiwan to enhance its innovative offerings.

Insurify

Series A in 2020
Insurify is an internet company that features a software platform that specializes in car insurance. Its software platform utilizes artificial intelligence, language processing, and chatbots it provides personalized recommendations that help its users to decide about their car insurance. It was founded in 2013 and is headquartered in Cambridge, Massachusetts.

Vesta Healthcare

Series A in 2020
Vesta Healthcare is an industry-leading technology and clinical services organization, dedicated to connecting caregiver insights to the rest of the care team. Vesta Healthcare proactively identifies the need for additional resources in the home and provides 24/7 telehealth support for caregivers and care recipients, with a focus on high-need, frail senior populations. Vesta partners with home care agencies, health plans and providers to create value-based population health programs that emphasize clinical quality, improved health outcomes and personalized engagement. Vesta Healthcare is headquartered in New York, NY.

Bluevine

Series F in 2019
BlueVine Capital Inc. is a financial technology company based in Redwood City, California, that specializes in providing working capital solutions to small businesses in the United States. Founded in 2013, BlueVine offers a variety of financial products including lines of credit, term loans, and invoice factoring, aimed at addressing the diverse financial needs of small and medium-sized enterprises. The company has developed an advanced online platform that enables business owners to access financing quickly and easily, featuring fast approvals and a user-friendly dashboard. Since its inception, BlueVine has facilitated nearly $2 billion in financing, helping businesses manage their cash flow challenges effectively. In addition to its financial products, BlueVine also offers a Business Checking Account to further support small business owners.

Bluevine

Series F in 2019
BlueVine Capital Inc. is a financial technology company based in Redwood City, California, that specializes in providing working capital solutions to small businesses in the United States. Founded in 2013, BlueVine offers a variety of financial products including lines of credit, term loans, and invoice factoring, aimed at addressing the diverse financial needs of small and medium-sized enterprises. The company has developed an advanced online platform that enables business owners to access financing quickly and easily, featuring fast approvals and a user-friendly dashboard. Since its inception, BlueVine has facilitated nearly $2 billion in financing, helping businesses manage their cash flow challenges effectively. In addition to its financial products, BlueVine also offers a Business Checking Account to further support small business owners.

Upstream Security

Series B in 2019
Upstream is the first cloud-based centralized cybersecurity and analytics platform that protects the technologies and applications of connected and autonomous vehicles fleet. The platform leverages big data and machine learning to provide OEMs and vehicle fleets with unprecedented, comprehensive, and non-intrusive defense. With application security, real-time data protection and anomaly detection, attacks are identified and blocked before they reach and harm the vehicle's network. Upstream Security helps corporations mitigate connectivity risks and ensure the safety and security of smart mobility solutions protecting connected and autonomous vehicles. It also secures drivers, vehicles, and mobility services from misuse and cyber-attacks. Upstream C4 is a data-driven cloud-based platform that integrates with automotive data streams of vehicles and promises to detect incidents as they happen in real-time and allocating a rating based on perceived impact and severity The company was received the 15th Annual 2019 Info Security PG’s Global Excellence Awards in Automotive Security (IoT) and Cybersecurity Excellence Awards 2019 - Gold Winner (Automotive Cybersecurity Category). Upstream Security was founded in February 2017 and is based in Herzliya, Tel Aviv, Israel.

VitusVet

Corporate Round in 2019
VitusVet helps veterinary practices improve client retention and increase appointment/refill transactions through modern digital tools, including a branded app that allows pet owners to access their entire medical record: medical notes, labwork, X-Rays, ultrasound images, prescriptions, etc.. We charge veterinarians a monthly subscription fee, and our total addressable market (TAM) is $152B derived from veterinary SaaS revenue and prescription drug sales directly to pet owners.

Betterview

Series A in 2019
Betterview provides property insight and workflow tools for Insurance companies to improve the customer experience by accelerating decisions and improving risk at every point of the lifecycle.

Snapsheet

Series E in 2019
Snapsheet is a pioneer in virtual appraisals and a leader in cloud-native claims management software, enabling the most innovative claims organizations to deliver the best experiences for customers. With a focus on engagement, digitization, and intelligent automation, Snapsheet provides unmatched technology and processes that improve customer experience, drive greater organizational agility, and deliver transformational benefits through its Snapsheet Cloud software suite. Snapsheet leads the industry in claims innovation including the deployment of the fastest digital auto insurance claims process in the United States. As a trusted innovation partner, Snapsheet works with more than 100 clients, including many of the largest insurance carriers, third-party administrators, and insurtech and sharing economy disruptors.

Socotra

Series A in 2019
Socotra, Inc. is a technology company that offers a modern cloud-based platform tailored for the insurance industry. Founded in 2014 and based in San Francisco, California, Socotra's software facilitates various essential functions, including policy administration, underwriting, claims management, billing, and reporting. Designed for both property and casualty and life insurance sectors, the platform leverages advanced technologies to deliver a transparent, reliable, flexible, and secure solution. This enables insurers to efficiently develop and distribute products that meet the evolving needs of their customers.

E-Risk Services

Acquisition in 2019
E-Risk Services, LLC operates as an underwriting management facility. The company offers underwriting services for business and management indemnity insurance; directors and officers, and company insurance; employment practices coverage; financial products insurance; technology, media, and professional services; miscellaneous professional services; fiduciary coverage; crime coverage; and management insured coverage products. It also provides an online rating system for its products to privately held and not-for-profit organizations, which allows brokers to receive instant indications of terms. The company was founded in 1998 and is based in Flanders, New Jersey. As of January 1, 2019, E-Risk Services, LLC operates as a subsidiary of Nationwide Mutual Insurance Company.

Bluevine

Series E in 2018
BlueVine Capital Inc. is a financial technology company based in Redwood City, California, that specializes in providing working capital solutions to small businesses in the United States. Founded in 2013, BlueVine offers a variety of financial products including lines of credit, term loans, and invoice factoring, aimed at addressing the diverse financial needs of small and medium-sized enterprises. The company has developed an advanced online platform that enables business owners to access financing quickly and easily, featuring fast approvals and a user-friendly dashboard. Since its inception, BlueVine has facilitated nearly $2 billion in financing, helping businesses manage their cash flow challenges effectively. In addition to its financial products, BlueVine also offers a Business Checking Account to further support small business owners.

Next Insurance

Series B in 2018
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.

Betterview

Venture Round in 2018
Betterview provides property insight and workflow tools for Insurance companies to improve the customer experience by accelerating decisions and improving risk at every point of the lifecycle.

Nexar

Series B in 2018
Nexar Ltd. develops Dashcam, a mobile application which helps in predicting road accidents. The company's mobile application offers insights and alerts about surrounding cars and enables users to provide feedback and alerts to other drivers on the road. Its application records the road while driving; detects a hard break or an accident; records past, present, and future of an incident; and automatically creates an incident and uploads it to the cloud. Nexar Ltd. was founded in 2015 and is based in Tel Aviv Yafo, Israel

Matic Insurance

Series A in 2017
Matic Insurance Services, Inc. operates as a digital insurance agency that offers solutions for consumers, originators, and insurance servicers. The company was formerly known as Matic Insurance and changed its name to Matic Insurance Services, Inc. in May 2014. Matic Insurance Services, Inc. was incorporated in 2014 and is based in Columbus, Ohio with additional offices in Los Angeles and San Francisco, California; and Lviv, Ukraine.

Sure

Series A in 2017
Sure Inc. is a San Diego-based company founded in 2014 that specializes in providing an online application for purchasing various types of insurance coverage. Users can obtain insurance for items such as luggage, smartphones, clothing, and personal property, as well as for renters and personal injuries. Sure collaborates with multiple insurance providers, including Nationwide, Chubb, and MetLife, to offer a diverse range of insurance solutions tailored to consumer needs. The mobile app is designed for convenience, allowing users to buy and manage their insurance policies anytime and anywhere, making it easier for individuals to protect their assets and manage risk effectively.

Next Insurance

Series A in 2017
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.

Insurify

Venture Round in 2017
Insurify is an internet company that features a software platform that specializes in car insurance. Its software platform utilizes artificial intelligence, language processing, and chatbots it provides personalized recommendations that help its users to decide about their car insurance. It was founded in 2013 and is headquartered in Cambridge, Massachusetts.

blooom

Series B in 2017
Blooom, Inc. is an online investment advisory firm based in Leawood, Kansas, that specializes in managing individual accounts within employer-sponsored retirement plans, such as 401(k)s and 403(b)s. Established in 2013, the company was founded by experienced financial advisors who recognized the need to provide accessible financial guidance to a broader audience, particularly those without access to traditional financial advisors. As a Registered Investment Advisor with the SEC, Blooom focuses on delivering fiduciary best practices through low-cost solutions, appropriate asset allocation, and diversification. The firm aims to assist millions of Americans who have workplace retirement accounts but may lack the expertise or desire to manage their investments independently.

Jefferson National

Acquisition in 2016
Jefferson National is a recognized innovator of a leading tax-advantaged investing platform for RIAs, fee-based advisors and the clients they serve. Trusted partner to a network of nearly 4,000 advisors, Jefferson National provides greater efficiency, transparency and choice through an adaptable technology platform, award-winning distribution strategy and cost-effective servicing capabilities.

Harleysville Insurance

Acquisition in 2012
Harleysville Insurance has operations in 32 states, providing a variety of insurance.

ALLIED Group

Acquisition in 1998
ALLIED Group is a regional property-casualty insurance holding company specializing in personal lines. The Company's property-casualty subsidiaries use independent agencies, exclusive agencies, and direct response marketing to offer products in central and western states.