EMC Insurance

EMC Insurance Companies, established in 1911, is a prominent insurance organization in the United States, recognized among the top 50 based on net written premium. The company started by offering workers’ compensation insurance in Iowa and has since expanded its offerings to include a wide range of property and casualty insurance products and services across the country. With assets exceeding $3 billion and a workforce of over 2,100 employees, EMC operates under the trade name EMC Insurance Companies, along with Employers Mutual Casualty Company and its affiliates. The company is licensed to provide insurance in all 50 states and the District of Columbia and also engages in writing reinsurance contracts globally.

Philip Lucca

Senior Vice President, Field Operations

12 past transactions

Veruna

Series B in 2023
Veruna LLC, founded in 2015 and based in Hopkinton, Massachusetts, specializes in developing software solutions for insurance brokers and agencies. The company offers an agency management platform built on Salesforce, designed to provide customizable tools that align with the specific needs and goals of modern insurance agencies. Its software encompasses various functionalities including sales management, client management, accounting, and document management, along with capabilities for reporting and dashboard creation. Veruna also offers consultancy services, which include product customization, professional services, and operational consulting, aimed at assisting insurance brokers and agencies in enhancing their business processes. By encouraging independent agents to embrace innovative solutions, Veruna strives to facilitate growth and transformation within the insurance industry.

Betterview

Venture Round in 2023
Betterview is a property intelligence platform tailored for property and casualty insurers, focusing on the analysis, scoring, management, and monitoring of property risk. By utilizing geospatial data and proprietary machine learning technology, Betterview transforms complex data into clear and actionable insights. This enables insurers to identify and mitigate risks effectively, enhancing operational efficiency and transparency throughout the policy lifecycle. The platform streamlines processes such as pricing, underwriting, and renewals, allowing insurers to make informed decisions and concentrate their efforts on high-risk properties, ultimately improving the overall customer experience.

AgencyKPI

Series B in 2022
AgencyKPI, Inc. is a business intelligence platform focused on the insurance industry, catering to insurance networks, independent agencies, and insurers. Founded in 2017 and headquartered in Austin, Texas, the company addresses the challenges posed by the vast amounts of data generated by fragmented legacy systems used across various entities in the insurance sector. AgencyKPI's platform harmonizes and balances this data, facilitating collaborative planning, operational efficiencies, and benchmarking. By developing new reporting and data standards, AgencyKPI enables its clients to access actionable insights that enhance their decision-making processes.

MākuSafe

Series A in 2021
MākuSafe Corp. is a technology company based in West Des Moines, Iowa, that specializes in wearable technology aimed at enhancing workplace safety and productivity. Founded in 2016, the company has developed a two-piece armband equipped with sensors that collect environmental data, including location and motion speed, as well as indicators of near-miss accidents. This data is transmitted to the MākuSmart platform, an online portal that allows safety and operational personnel to access real-time reports and predictive analytics. By identifying patterns in workplace risks, MākuSafe's technology helps organizations proactively reduce hazards and improve overall worker health and safety. The company's innovative approach integrates IoT sensors and software to deliver actionable insights, ultimately aiming to mitigate incidents and enhance operational efficiency.

Veruna

Venture Round in 2021
Veruna LLC, founded in 2015 and based in Hopkinton, Massachusetts, specializes in developing software solutions for insurance brokers and agencies. The company offers an agency management platform built on Salesforce, designed to provide customizable tools that align with the specific needs and goals of modern insurance agencies. Its software encompasses various functionalities including sales management, client management, accounting, and document management, along with capabilities for reporting and dashboard creation. Veruna also offers consultancy services, which include product customization, professional services, and operational consulting, aimed at assisting insurance brokers and agencies in enhancing their business processes. By encouraging independent agents to embrace innovative solutions, Veruna strives to facilitate growth and transformation within the insurance industry.

AgencyKPI

Series A in 2020
AgencyKPI, Inc. is a business intelligence platform focused on the insurance industry, catering to insurance networks, independent agencies, and insurers. Founded in 2017 and headquartered in Austin, Texas, the company addresses the challenges posed by the vast amounts of data generated by fragmented legacy systems used across various entities in the insurance sector. AgencyKPI's platform harmonizes and balances this data, facilitating collaborative planning, operational efficiencies, and benchmarking. By developing new reporting and data standards, AgencyKPI enables its clients to access actionable insights that enhance their decision-making processes.

Betterview

Convertible Note in 2020
Betterview is a property intelligence platform tailored for property and casualty insurers, focusing on the analysis, scoring, management, and monitoring of property risk. By utilizing geospatial data and proprietary machine learning technology, Betterview transforms complex data into clear and actionable insights. This enables insurers to identify and mitigate risks effectively, enhancing operational efficiency and transparency throughout the policy lifecycle. The platform streamlines processes such as pricing, underwriting, and renewals, allowing insurers to make informed decisions and concentrate their efforts on high-risk properties, ultimately improving the overall customer experience.

MākuSafe

Debt Financing in 2020
MākuSafe Corp. is a technology company based in West Des Moines, Iowa, that specializes in wearable technology aimed at enhancing workplace safety and productivity. Founded in 2016, the company has developed a two-piece armband equipped with sensors that collect environmental data, including location and motion speed, as well as indicators of near-miss accidents. This data is transmitted to the MākuSmart platform, an online portal that allows safety and operational personnel to access real-time reports and predictive analytics. By identifying patterns in workplace risks, MākuSafe's technology helps organizations proactively reduce hazards and improve overall worker health and safety. The company's innovative approach integrates IoT sensors and software to deliver actionable insights, ultimately aiming to mitigate incidents and enhance operational efficiency.

MākuSafe

Venture Round in 2019
MākuSafe Corp. is a technology company based in West Des Moines, Iowa, that specializes in wearable technology aimed at enhancing workplace safety and productivity. Founded in 2016, the company has developed a two-piece armband equipped with sensors that collect environmental data, including location and motion speed, as well as indicators of near-miss accidents. This data is transmitted to the MākuSmart platform, an online portal that allows safety and operational personnel to access real-time reports and predictive analytics. By identifying patterns in workplace risks, MākuSafe's technology helps organizations proactively reduce hazards and improve overall worker health and safety. The company's innovative approach integrates IoT sensors and software to deliver actionable insights, ultimately aiming to mitigate incidents and enhance operational efficiency.

Betterview

Series A in 2019
Betterview is a property intelligence platform tailored for property and casualty insurers, focusing on the analysis, scoring, management, and monitoring of property risk. By utilizing geospatial data and proprietary machine learning technology, Betterview transforms complex data into clear and actionable insights. This enables insurers to identify and mitigate risks effectively, enhancing operational efficiency and transparency throughout the policy lifecycle. The platform streamlines processes such as pricing, underwriting, and renewals, allowing insurers to make informed decisions and concentrate their efforts on high-risk properties, ultimately improving the overall customer experience.

MākuSafe

Seed Round in 2019
MākuSafe Corp. is a technology company based in West Des Moines, Iowa, that specializes in wearable technology aimed at enhancing workplace safety and productivity. Founded in 2016, the company has developed a two-piece armband equipped with sensors that collect environmental data, including location and motion speed, as well as indicators of near-miss accidents. This data is transmitted to the MākuSmart platform, an online portal that allows safety and operational personnel to access real-time reports and predictive analytics. By identifying patterns in workplace risks, MākuSafe's technology helps organizations proactively reduce hazards and improve overall worker health and safety. The company's innovative approach integrates IoT sensors and software to deliver actionable insights, ultimately aiming to mitigate incidents and enhance operational efficiency.

MākuSafe

Seed Round in 2018
MākuSafe Corp. is a technology company based in West Des Moines, Iowa, that specializes in wearable technology aimed at enhancing workplace safety and productivity. Founded in 2016, the company has developed a two-piece armband equipped with sensors that collect environmental data, including location and motion speed, as well as indicators of near-miss accidents. This data is transmitted to the MākuSmart platform, an online portal that allows safety and operational personnel to access real-time reports and predictive analytics. By identifying patterns in workplace risks, MākuSafe's technology helps organizations proactively reduce hazards and improve overall worker health and safety. The company's innovative approach integrates IoT sensors and software to deliver actionable insights, ultimately aiming to mitigate incidents and enhance operational efficiency.
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