Founders AND 3

Founders Fund is a San Francisco-based venture capital firm established in 2005, specializing in investments across various stages, from seed to later-stage funding. The firm targets companies that are developing transformative technologies in sectors such as consumer internet, biotechnology, artificial intelligence, aerospace, energy, and health. Founders Fund has a diverse investment portfolio, having backed notable companies like SpaceX, Facebook, and Palantir. The firm employs a founder-friendly investment approach, aiming to support entrepreneurs with minimal interference. With over $2 billion in capital under management, Founders Fund continues to seek innovative solutions to global challenges, making investments typically ranging from $500,000 to $300 million.

Delian Asparouhov

Principal

Jennifer Campbell

Partner

Lauren Gross

Partner and COO

Bridget Harris

Associate

Sean Liu

Partner

Jeffrey Lonsdale

Managing Director, Asia

John Luttig

Partner

Amin Mirzadegan

Partner

Scott Nolan

Partner

Neil Ruthven

CFO

Trae Stephens

Partner

Napoleon Ta

Partner

Matias Van Thienen

Partner

Past deals in Life Insurance

Pathpoint

Series A in 2021
Pathpoint Inc., operating as Pathpoint Insurance Service, specializes in providing excess and surplus (E&S) insurance services, including general liability and cyber liability coverage. Founded in 2017 and headquartered in San Francisco, California, the company leverages technology to enhance the efficiency of insurance brokerage. It offers a digital platform that streamlines the procurement process for independent agents, allowing them to obtain bindable quotes from multiple carriers within minutes. Pathpoint's software solutions encompass various aspects of the insurance industry, including quoting, binding, policy document management, distribution, underwriting, and accounting. By facilitating faster access to insurance options, Pathpoint aids carriers in reaching a broader market while reducing operational costs and enhancing market insights.

Modern Health

Series D in 2021
Modern Life Inc. is a mental health platform designed for companies that prioritize the emotional well-being of their workforce. Founded in 2017 and based in San Francisco, the platform offers a comprehensive suite of services including therapy, coaching, self-guided courses, and wellness resources. It features a network of certified coaches and licensed therapists available in multiple languages, along with tools such as wellness kits and assessments. Modern Life empowers employers to recognize the importance of mental health, promoting destigmatization and enhancing access to mental health services. The company aims to provide a holistic approach to well-being by addressing emotional, professional, social, financial, and physical health, ultimately fostering improved employee productivity and overall well-being.

Oscar Health

Venture Round in 2020
Oscar Health is a health insurance company that provides individual and family plans, Medicare Advantage, and small group products. Founded in 2012 and headquartered in New York, Oscar Health operates in several states, including New York, Texas, California, New Jersey, Ohio, and Tennessee. The company aims to enhance the healthcare experience by utilizing technology, design, and data to create user-friendly services. Its platform includes a software application that helps users find doctors based on location and ratings. Oscar Health primarily serves individuals and families who do not receive health insurance from their employers.

Modern Health

Series C in 2020
Modern Life Inc. is a mental health platform designed for companies that prioritize the emotional well-being of their workforce. Founded in 2017 and based in San Francisco, the platform offers a comprehensive suite of services including therapy, coaching, self-guided courses, and wellness resources. It features a network of certified coaches and licensed therapists available in multiple languages, along with tools such as wellness kits and assessments. Modern Life empowers employers to recognize the importance of mental health, promoting destigmatization and enhancing access to mental health services. The company aims to provide a holistic approach to well-being by addressing emotional, professional, social, financial, and physical health, ultimately fostering improved employee productivity and overall well-being.

Luko

Series B in 2020
Luko is an insurance company based in Paris, France, founded in 2016. It operates an online platform that provides brokerage services for home and electric vehicle insurance. Luko distinguishes itself by implementing a proactive approach to insurance, utilizing proprietary technology, including an AI-powered sensor designed to enhance home security and reduce electricity costs. This device monitors potential home accidents, aiming to shift the insurance model from a reactive claims-based system to one focused on prevention. By making insurance accessible, transparent, and user-friendly, Luko enables customers to select the most suitable coverage for their homes, properties, and vehicles.

Modern Health

Series B in 2020
Modern Life Inc. is a mental health platform designed for companies that prioritize the emotional well-being of their workforce. Founded in 2017 and based in San Francisco, the platform offers a comprehensive suite of services including therapy, coaching, self-guided courses, and wellness resources. It features a network of certified coaches and licensed therapists available in multiple languages, along with tools such as wellness kits and assessments. Modern Life empowers employers to recognize the importance of mental health, promoting destigmatization and enhancing access to mental health services. The company aims to provide a holistic approach to well-being by addressing emotional, professional, social, financial, and physical health, ultimately fostering improved employee productivity and overall well-being.

Luko

Series A in 2019
Luko is an insurance company based in Paris, France, founded in 2016. It operates an online platform that provides brokerage services for home and electric vehicle insurance. Luko distinguishes itself by implementing a proactive approach to insurance, utilizing proprietary technology, including an AI-powered sensor designed to enhance home security and reduce electricity costs. This device monitors potential home accidents, aiming to shift the insurance model from a reactive claims-based system to one focused on prevention. By making insurance accessible, transparent, and user-friendly, Luko enables customers to select the most suitable coverage for their homes, properties, and vehicles.

Newfront

Series B in 2018
Newfront Insurance Services, LLC is a modern online insurance brokerage based in San Francisco, California, with additional offices in Sacramento and Portland. Founded in 2017, the company focuses on simplifying the insurance process for businesses and individuals by leveraging technology and experienced brokers. Newfront offers a range of services, including property management insurance, cyber liability insurance, risk management, and claim processing. Its platform provides insights and recommendations to help clients navigate the complexities of insurance, manage leases and contracts, and handle renewals and claims efficiently. The company serves various industries, including agriculture, construction, financial services, hospitality, life sciences, logistics, manufacturing, non-profit, and real estate, aiming to streamline the insurance experience and eliminate the confusion often associated with traditional brokerage practices.

Socotra

Series A in 2018
Socotra, Inc. is a technology company that offers a cloud-based platform designed specifically for the insurance industry. Founded in 2014 and headquartered in San Francisco, California, Socotra provides a comprehensive software solution that includes policy administration, underwriting, claims management, billing, and reporting functionalities. The platform supports various insurance sectors, including property and casualty as well as life insurance. Built using modern technologies, Socotra’s platform is designed to be transparent, reliable, flexible, and secure, enabling insurance carriers and managing general agents to quickly develop and distribute products that meet customer needs. Its open APIs and product-agnostic data model facilitate the management of the entire policy lifecycle, promoting innovation within the insurance sector by enhancing speed, agility, and efficiency while reducing maintenance costs.

Newfront

Series A in 2018
Newfront Insurance Services, LLC is a modern online insurance brokerage based in San Francisco, California, with additional offices in Sacramento and Portland. Founded in 2017, the company focuses on simplifying the insurance process for businesses and individuals by leveraging technology and experienced brokers. Newfront offers a range of services, including property management insurance, cyber liability insurance, risk management, and claim processing. Its platform provides insights and recommendations to help clients navigate the complexities of insurance, manage leases and contracts, and handle renewals and claims efficiently. The company serves various industries, including agriculture, construction, financial services, hospitality, life sciences, logistics, manufacturing, non-profit, and real estate, aiming to streamline the insurance experience and eliminate the confusion often associated with traditional brokerage practices.

Oscar Health

Venture Round in 2018
Oscar Health is a health insurance company that provides individual and family plans, Medicare Advantage, and small group products. Founded in 2012 and headquartered in New York, Oscar Health operates in several states, including New York, Texas, California, New Jersey, Ohio, and Tennessee. The company aims to enhance the healthcare experience by utilizing technology, design, and data to create user-friendly services. Its platform includes a software application that helps users find doctors based on location and ratings. Oscar Health primarily serves individuals and families who do not receive health insurance from their employers.

CompareEuropeGroup

Series A in 2017
CompareEuropeGroup Limited operates online comparison platforms that facilitate the evaluation of financial, telecommunications, and utility products across Europe. Established in 2015 and headquartered in London, the company aims to assist consumers in saving time and money by providing a user-friendly interface for comparing a wide range of products, including car insurance, personal loans, credit cards, and broadband subscriptions. The platform offers access to over 600 products, ensuring an easy application process for users. CompareEuropeGroup emphasizes transparency, independence, and trust, striving to create comprehensive and educational tools that enhance the consumer experience in making informed choices in the financial marketplace.

Willing

Series A in 2016
Willing is an online legal service that simplifies the process of end-of-life planning, making it accessible and affordable for all. The platform provides users with tools to create wills and living wills quickly, allowing them to secure their estate plans in just minutes. Additionally, Willing assists users in comparing costs for funeral homes and cemeteries, facilitating informed decisions regarding their end-of-life arrangements. By focusing on user-friendly solutions, Willing helps individuals protect their families and assets while saving time and money.

Oscar Health

Private Equity Round in 2016
Oscar Health is a health insurance company that provides individual and family plans, Medicare Advantage, and small group products. Founded in 2012 and headquartered in New York, Oscar Health operates in several states, including New York, Texas, California, New Jersey, Ohio, and Tennessee. The company aims to enhance the healthcare experience by utilizing technology, design, and data to create user-friendly services. Its platform includes a software application that helps users find doctors based on location and ratings. Oscar Health primarily serves individuals and families who do not receive health insurance from their employers.

Oscar Health

Series C in 2015
Oscar Health is a health insurance company that provides individual and family plans, Medicare Advantage, and small group products. Founded in 2012 and headquartered in New York, Oscar Health operates in several states, including New York, Texas, California, New Jersey, Ohio, and Tennessee. The company aims to enhance the healthcare experience by utilizing technology, design, and data to create user-friendly services. Its platform includes a software application that helps users find doctors based on location and ratings. Oscar Health primarily serves individuals and families who do not receive health insurance from their employers.

Socotra

Seed Round in 2014
Socotra, Inc. is a technology company that offers a cloud-based platform designed specifically for the insurance industry. Founded in 2014 and headquartered in San Francisco, California, Socotra provides a comprehensive software solution that includes policy administration, underwriting, claims management, billing, and reporting functionalities. The platform supports various insurance sectors, including property and casualty as well as life insurance. Built using modern technologies, Socotra’s platform is designed to be transparent, reliable, flexible, and secure, enabling insurance carriers and managing general agents to quickly develop and distribute products that meet customer needs. Its open APIs and product-agnostic data model facilitate the management of the entire policy lifecycle, promoting innovation within the insurance sector by enhancing speed, agility, and efficiency while reducing maintenance costs.

Oscar Health

Series B in 2014
Oscar Health is a health insurance company that provides individual and family plans, Medicare Advantage, and small group products. Founded in 2012 and headquartered in New York, Oscar Health operates in several states, including New York, Texas, California, New Jersey, Ohio, and Tennessee. The company aims to enhance the healthcare experience by utilizing technology, design, and data to create user-friendly services. Its platform includes a software application that helps users find doctors based on location and ratings. Oscar Health primarily serves individuals and families who do not receive health insurance from their employers.

Oscar Health

Series A in 2014
Oscar Health is a health insurance company that provides individual and family plans, Medicare Advantage, and small group products. Founded in 2012 and headquartered in New York, Oscar Health operates in several states, including New York, Texas, California, New Jersey, Ohio, and Tennessee. The company aims to enhance the healthcare experience by utilizing technology, design, and data to create user-friendly services. Its platform includes a software application that helps users find doctors based on location and ratings. Oscar Health primarily serves individuals and families who do not receive health insurance from their employers.

Oscar Health

Series A in 2013
Oscar Health is a health insurance company that provides individual and family plans, Medicare Advantage, and small group products. Founded in 2012 and headquartered in New York, Oscar Health operates in several states, including New York, Texas, California, New Jersey, Ohio, and Tennessee. The company aims to enhance the healthcare experience by utilizing technology, design, and data to create user-friendly services. Its platform includes a software application that helps users find doctors based on location and ratings. Oscar Health primarily serves individuals and families who do not receive health insurance from their employers.
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