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 is an insurtech company that specializes in developing a software platform tailored for insurance brokers and agencies. Founded in 2015 and based in Hopkinton, Massachusetts, Veruna's agency management system enables users to efficiently manage sales, clients, accounting, documents, and reporting through a highly customizable and integrative Salesforce-based solution. The company aims to empower independent insurance agents by providing them with modern tools that facilitate operational transformation and business growth. In addition to software development, Veruna offers consultancy services, including product customization, professional services, and operational consulting, to enhance the capabilities of insurance agencies.

Betterview

Venture Round in 2023
Betterview is a property intelligence platform that enables property and casualty insurers to effectively analyze, score, manage, and monitor property risk. By leveraging geospatial data and proprietary machine learning technology, Betterview transforms complex data into actionable insights, enhancing decision-making throughout the policy lifecycle. The platform aims to identify and mitigate risks while improving operational efficiency and inspection processes. Additionally, it fosters a more transparent customer experience, allowing insurers to automate critical functions such as pricing, underwriting, and renewal. Through its innovative approach, Betterview supports insurers in focusing their strategic efforts on high-risk properties, thereby enhancing overall risk management.

AgencyKPI

Series B in 2022
AgencyKPI, Inc. is a business intelligence company that specializes in providing a data management platform tailored for the insurance industry. Founded in 2017 and headquartered in Austin, Texas, the company focuses on addressing the challenges posed by the fragmented and legacy systems prevalent across insurance networks, independent agencies, carriers, and wholesalers. The platform developed by AgencyKPI collects, harmonizes, and balances data generated within the insurance sector, enabling users to make informed decisions through enhanced reporting and data standards. By facilitating collaborative planning and operational efficiencies, AgencyKPI aims to streamline processes and improve benchmarking capabilities for its clients in the insurance industry.

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 is an insurtech company that specializes in developing a software platform tailored for insurance brokers and agencies. Founded in 2015 and based in Hopkinton, Massachusetts, Veruna's agency management system enables users to efficiently manage sales, clients, accounting, documents, and reporting through a highly customizable and integrative Salesforce-based solution. The company aims to empower independent insurance agents by providing them with modern tools that facilitate operational transformation and business growth. In addition to software development, Veruna offers consultancy services, including product customization, professional services, and operational consulting, to enhance the capabilities of insurance agencies.

AgencyKPI

Series A in 2020
AgencyKPI, Inc. is a business intelligence company that specializes in providing a data management platform tailored for the insurance industry. Founded in 2017 and headquartered in Austin, Texas, the company focuses on addressing the challenges posed by the fragmented and legacy systems prevalent across insurance networks, independent agencies, carriers, and wholesalers. The platform developed by AgencyKPI collects, harmonizes, and balances data generated within the insurance sector, enabling users to make informed decisions through enhanced reporting and data standards. By facilitating collaborative planning and operational efficiencies, AgencyKPI aims to streamline processes and improve benchmarking capabilities for its clients in the insurance industry.

Betterview

Convertible Note in 2020
Betterview is a property intelligence platform that enables property and casualty insurers to effectively analyze, score, manage, and monitor property risk. By leveraging geospatial data and proprietary machine learning technology, Betterview transforms complex data into actionable insights, enhancing decision-making throughout the policy lifecycle. The platform aims to identify and mitigate risks while improving operational efficiency and inspection processes. Additionally, it fosters a more transparent customer experience, allowing insurers to automate critical functions such as pricing, underwriting, and renewal. Through its innovative approach, Betterview supports insurers in focusing their strategic efforts on high-risk properties, thereby enhancing overall risk management.

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 that enables property and casualty insurers to effectively analyze, score, manage, and monitor property risk. By leveraging geospatial data and proprietary machine learning technology, Betterview transforms complex data into actionable insights, enhancing decision-making throughout the policy lifecycle. The platform aims to identify and mitigate risks while improving operational efficiency and inspection processes. Additionally, it fosters a more transparent customer experience, allowing insurers to automate critical functions such as pricing, underwriting, and renewal. Through its innovative approach, Betterview supports insurers in focusing their strategic efforts on high-risk properties, thereby enhancing overall risk management.

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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