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.

Focus

Scale Stage Series A Insurance Early Venture Series C Show more

http://agency.nationwide.com

http://nationwide.com

https://crunchbase.com/organization/nationwide

https://facebook.com/nationwide

https://linkedin.com/company/nationwide

https://twitter.com/nationwide

https://www.capitaliq.com/CIQDotNet/company.aspx?companyId=423629618

https://www.privateequityinternational.com/database/#/profile?id=322

Harry Hallowell

Chief Investment Officer

Thomas Shanklin

Managing Director

Past deals in Property Insurance

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.

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.

Insurify

Series A in 2020

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.

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.

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

Insurify

Venture Round in 2017

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.