Foundation Capital
Foundation Capital is a United States–based venture capital firm founded in 1995 that invests in early- to growth-stage information technology and software-enabled companies. The firm backs startups across sectors including enterprise software, IT infrastructure and services, cloud and website infrastructure, data platforms, cybersecurity and privacy, fintech, consumer technology, digital energy, marketing technology, and telecommunications, with an emphasis on enterprise applications, on-demand services, and data networks. It pursues opportunities primarily in the United States and India, typically making initial commitments in the range of one to ten million dollars and often acting as lead investor with board representation. The team comprises former entrepreneurs who aim to support founders from idea to scale, and its portfolio has included high-growth ventures across consumer, software, digital energy and fintech sectors.
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Past deals in Insurance
Cair Health
Seed Round in 2023
Cair Health is a technology company that specializes in developing artificial intelligence-powered software to automate medical insurance workflows. Their primary product automates medical claims, providing healthcare providers and payers with predictive analytics to streamline processes and improve efficiency.
Momento
Seed Round in 2023
Momento is an insurtech company focused on transforming the insurance landscape in Latin America, particularly in the auto insurance sector. Leveraging technology and data, Momento aims to enhance the user experience by simplifying the purchasing process and offering personalized pricing tailored to individual drivers. The platform provides comprehensive services, including driving behavior analysis, information on fines, theft risk assessments in specific areas, and details about affordable gas stations and parking options. Additionally, Momento streamlines the claims process, making it automated and user-friendly, while also targeting the uninsured demographic in Latin America to broaden its market reach.
Breach Insurance
Venture Round in 2023
Founded in Boston in 2018, Breach Insurance specializes in developing, underwriting, and distributing insurance solutions tailored to the digital asset marketplace. The company focuses on protecting against losses due to cryptocurrency exchange hacks, offering an intuitive dashboard for policy setup, customization, and claims submission.
Fairmatic
Series B in 2023
Fairmatic is a provider of data-driven fleet insurance focused on enhancing safety and reducing costs for commercial auto insurance. Leveraging artificial intelligence and extensive telematics data, Fairmatic employs a predictive risk model to conduct real-time safety analyses. This approach enables the company to generate safety ratings and develop customized insurance packages tailored to the unique needs of fleets. By offering actionable insights for proactive safety management, Fairmatic not only facilitates significant cost savings for its clients but also contributes to safer roads. The company's innovative model aligns financial incentives with improved safety performance, fostering a sustainable business environment for fleet operators.
EvolutionIQ
Series B in 2023
EvolutionIQ is a company specializing in artificial intelligence solutions for insurance carriers, focusing on disability and general liability sectors. Its innovative platform enhances claims processing by effectively tracking team productivity and identifying fraud trends. By reducing reserves and losses, minimizing cycle times, and lowering operational expenses, EvolutionIQ aims to improve overall customer satisfaction. The platform also offers clients a comprehensive fraud detection dashboard, contributing to a more fair, transparent, and affordable insurance landscape. Through its technology, EvolutionIQ seeks to transform the insurance industry by making claims management more efficient and reliable.
CoinCover
Series B in 2023
CoinCover provides cryptocurrency insurance-backed technology to protect digital assets from hacks, human error, and fraudulent transactions. The company offers protection that aims to keep assets safe and accessible, including theft protection from phishing, hacking, and cyber attacks, and a fast recovery of crypto funds with no deductible. It also offers a Deposit Protection Guarantee covering lost access to deposits due to password, device, or key loss and, in certain cases, business failure, ensuring funds remain accessible. Its Transaction Checker monitors transactions in real time to identify and flag suspicious activity. Additionally, CoinCover offers online and offline secure storage and protection of digital assets with multiple sign-off models to prevent losses before they occur. The firm focuses on safeguarding digital currencies and reducing the impact of security threats for end-users.
Infras
Series A in 2023
Infras provides headless API infrastructure for insurance, enabling reusable UI components and simplified integrations. The platform converts backend logic into frontend components that can power any distributor interface without rebuilding, allowing carriers to deliver consistent experiences across channels while reducing development costs and speeding time to market, and it supports data quality and governance to improve distributor satisfaction.
Fairmatic
Series A in 2022
Fairmatic is a provider of data-driven fleet insurance focused on enhancing safety and reducing costs for commercial auto insurance. Leveraging artificial intelligence and extensive telematics data, Fairmatic employs a predictive risk model to conduct real-time safety analyses. This approach enables the company to generate safety ratings and develop customized insurance packages tailored to the unique needs of fleets. By offering actionable insights for proactive safety management, Fairmatic not only facilitates significant cost savings for its clients but also contributes to safer roads. The company's innovative model aligns financial incentives with improved safety performance, fostering a sustainable business environment for fleet operators.
EvolutionIQ
Series A in 2022
EvolutionIQ is a company specializing in artificial intelligence solutions for insurance carriers, focusing on disability and general liability sectors. Its innovative platform enhances claims processing by effectively tracking team productivity and identifying fraud trends. By reducing reserves and losses, minimizing cycle times, and lowering operational expenses, EvolutionIQ aims to improve overall customer satisfaction. The platform also offers clients a comprehensive fraud detection dashboard, contributing to a more fair, transparent, and affordable insurance landscape. Through its technology, EvolutionIQ seeks to transform the insurance industry by making claims management more efficient and reliable.
Seel
Series A in 2022
Seel is the leading U.S e-commerce insurer. Trusted by 2,000+ merchants, from starting DTC brands to multibillion dollar marketplaces.
Insurate
Seed Round in 2021
Insurate is a managing general agent (MGA) specializing in workers' compensation insurance, focusing on risk assessment through advanced data science and analytics. The company aims to enhance the underwriting process by identifying businesses that demonstrate above-average safety, allowing them to secure fair and transparent premiums. By utilizing predictive analytics, Insurate helps agents effectively write and retain business, particularly in challenging markets. The organization is committed to rebuilding the workers' compensation insurance landscape to offer significant savings and more equitable coverage for safe companies. Through its innovative approach, Insurate positions itself as a key player in the evolution of insurance underwriting.
Agentero
Series A in 2021
Agentero is a technology platform and digital insurance network that connects independent insurance agents with carriers and clients to manage policies, quote and bind coverage, and cross-sell or upsell additional policies. The platform provides policy management tools and client interaction features to streamline workflows, improve quoting accuracy, and enhance the customer experience. It helps agents grow their business by delivering access to modern carriers, identifying client needs, and offering the right coverage at the right time. The platform acts as an agency growth engine, supporting time savings and better product distribution through integrated policy management, quotes, and collaboration with carrier partners. Founded in 2017 and headquartered in Oakland, California, with additional offices in Nashville and Madrid, Agentero serves independent agents seeking a digitally enabled insurance ecosystem.
Branch
Series B in 2021
Branch Financial, Inc. is an insurance agency based in Columbus, Ohio, founded in 2017 by Steve Lekas and Joe Emison. The company specializes in home and auto insurance, offering a range of products including renters and umbrella insurance, which can be added to auto policies. Utilizing advanced technology, Branch streamlines the process of bundling home and auto insurance online, aiming to enhance accessibility and affordability for its customers. By leveraging community resources, Branch seeks to transform the insurance landscape, making it easier for individuals to obtain necessary coverage.
Infras
Seed Round in 2021
Infras provides headless API infrastructure for insurance, enabling reusable UI components and simplified integrations. The platform converts backend logic into frontend components that can power any distributor interface without rebuilding, allowing carriers to deliver consistent experiences across channels while reducing development costs and speeding time to market, and it supports data quality and governance to improve distributor satisfaction.
Seel
Seed Round in 2020
Seel is the leading U.S e-commerce insurer. Trusted by 2,000+ merchants, from starting DTC brands to multibillion dollar marketplaces.
Branch
Series A in 2020
Branch Financial, Inc. is an insurance agency based in Columbus, Ohio, founded in 2017 by Steve Lekas and Joe Emison. The company specializes in home and auto insurance, offering a range of products including renters and umbrella insurance, which can be added to auto policies. Utilizing advanced technology, Branch streamlines the process of bundling home and auto insurance online, aiming to enhance accessibility and affordability for its customers. By leveraging community resources, Branch seeks to transform the insurance landscape, making it easier for individuals to obtain necessary coverage.
Agentero
Seed Round in 2020
Agentero is a technology platform and digital insurance network that connects independent insurance agents with carriers and clients to manage policies, quote and bind coverage, and cross-sell or upsell additional policies. The platform provides policy management tools and client interaction features to streamline workflows, improve quoting accuracy, and enhance the customer experience. It helps agents grow their business by delivering access to modern carriers, identifying client needs, and offering the right coverage at the right time. The platform acts as an agency growth engine, supporting time savings and better product distribution through integrated policy management, quotes, and collaboration with carrier partners. Founded in 2017 and headquartered in Oakland, California, with additional offices in Nashville and Madrid, Agentero serves independent agents seeking a digitally enabled insurance ecosystem.
EvolutionIQ
Seed Round in 2019
EvolutionIQ is a company specializing in artificial intelligence solutions for insurance carriers, focusing on disability and general liability sectors. Its innovative platform enhances claims processing by effectively tracking team productivity and identifying fraud trends. By reducing reserves and losses, minimizing cycle times, and lowering operational expenses, EvolutionIQ aims to improve overall customer satisfaction. The platform also offers clients a comprehensive fraud detection dashboard, contributing to a more fair, transparent, and affordable insurance landscape. Through its technology, EvolutionIQ seeks to transform the insurance industry by making claims management more efficient and reliable.
Mulberry
Seed Round in 2018
Mulberry, established in 2018 and headquartered in New York, specializes in AI-driven extended warranty solutions for e-commerce platforms. It connects insurers, brands, and consumers, offering coverage for a wide range of products, from mattresses to jewelry. Mulberry's platform provides insurance broker services, enabling e-commerce customers to purchase extended warranty plans. By leveraging AI and APIs, Mulberry helps brands generate additional revenue and streamlines product insurance processes.
CoverWallet
Series B in 2017
CoverWallet is an online platform that enables businesses to manage and purchase commercial insurance. It provides tools to shop, compare rates, obtain certificates, file claims, and receive guidance across coverage types such as general liability, property, workers' compensation, BOP, professional liability, cyber liability, directors and officers, E&O, and more. The platform serves a broad range of industries and functions as a business-to-business solution for carriers and agents to manage client policies and lifecycles. Founded in 2015 and based in New York, CoverWallet uses data analytics to simplify the insurance-buying process, helping small and mid-sized businesses understand, obtain, and manage financial protection online.
Agentero
Seed Round in 2017
Agentero is a technology platform and digital insurance network that connects independent insurance agents with carriers and clients to manage policies, quote and bind coverage, and cross-sell or upsell additional policies. The platform provides policy management tools and client interaction features to streamline workflows, improve quoting accuracy, and enhance the customer experience. It helps agents grow their business by delivering access to modern carriers, identifying client needs, and offering the right coverage at the right time. The platform acts as an agency growth engine, supporting time savings and better product distribution through integrated policy management, quotes, and collaboration with carrier partners. Founded in 2017 and headquartered in Oakland, California, with additional offices in Nashville and Madrid, Agentero serves independent agents seeking a digitally enabled insurance ecosystem.
DogVacay
Series B in 2014
DogVacay is an online platform that connects pet owners with a network of over 20,000 vetted pet sitters across North America, offering a range of services including dog boarding, pet sitting, dog daycare, and dog walking. The service aims to provide a safe, convenient, and affordable alternative to traditional kennels, ensuring that pets receive care in a loving home environment while their owners are away. Each reservation includes comprehensive pet insurance covering up to $25,000 in veterinary bills, 24/7 customer support, and daily photo updates, allowing pet parents to stay connected with their pets. With a strong reputation supported by thousands of positive reviews, DogVacay offers peace of mind for pet owners seeking high-quality care for their dogs.
DogVacay
Series B in 2013
DogVacay is an online platform that connects pet owners with a network of over 20,000 vetted pet sitters across North America, offering a range of services including dog boarding, pet sitting, dog daycare, and dog walking. The service aims to provide a safe, convenient, and affordable alternative to traditional kennels, ensuring that pets receive care in a loving home environment while their owners are away. Each reservation includes comprehensive pet insurance covering up to $25,000 in veterinary bills, 24/7 customer support, and daily photo updates, allowing pet parents to stay connected with their pets. With a strong reputation supported by thousands of positive reviews, DogVacay offers peace of mind for pet owners seeking high-quality care for their dogs.
Seel
Seel is the leading U.S e-commerce insurer. Trusted by 2,000+ merchants, from starting DTC brands to multibillion dollar marketplaces.
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