Global Insurance Accelerator
The Global Insurance Accelerator is a mentor-driven accelerator designed to foster innovation in the insurance industry through startups targeting the global insurance markets.
With support and funding from seven Central Iowa insurance companies, the accelerator welcomed a class of 6 companies in February 2015. The startups were given access to over 80 mentors through a speed-dating-like process that resulted in the startups selecting 3-8 Lead Mentors to help them during their time in Des Moines and beyond.
Each startup received $40K of seed money in exchange for 6% equity in their company. The program wraps up after 100 days by giving each startup exposure and promotion at the Global Insurance Symposium. The 2015 class included Iowa companies from Des Moines and Ames and outside Iowa from Omaha, San Jose, Rio de Janeiro (Brazil) and Berlin (Germany).
Past deals in Iowa
Byeo Corp
Seed Round in 2018
Byeo combines organizing tools and social profile, so you can be prepared as you live for the moment of your death.
UDoTest
Seed Round in 2020
UDoTest is a B2B disease testing SaaS platform that helps close gaps in screening, improve the wellness experience, and improve quality with its human-centered platform and service. The platform's self-sampling screening test kits are intended to conduct colon cancer and other wellness tests for early detection of diseases.
Founded in 2017 by Allison Martin, UDoTest is headquartered in Boston, Massachusetts.
WeSavvy
Seed Round in 2016
WeSavvy Limited develops and delivers a mobile application that allows policyholders and employees get rewarded on their insurance policies by walking, running, or cycling. It offers WeSavvy, a lifestyle rewards application that allows members to manage their activities and get rewards with cash points and benefits on their insurance premium. The company was founded in 2014 and is based in Dublin, Ireland.
Vaartani
Seed Round in 2021
Vaartani develops AI based chatbot to get insights on food products. The products can be used to answer customer queries and analyze feedback on particular food products by producers of food products. Vaartani was founded in 2018 and is based in Madrid, Spain.
Pilotbird
Seed Round in 2020
Pilotbird is a SaaS platform for insurance companies that uses social data points to deliver value in key parts of the insurance value chain. Pilotbird empowers Life & Health insurance teams to better score risk, engage customers and detect claims fraud by analyzing social data points.
everyday life
Venture Round in 2020
Everyday Life Insurance uses technology to redefine financial security for middle income families. Its first product, Predictive Protection, saves consumers money by automatically adjusting coverage based on predictable life events like kids growing up or retirement.
It was founded in 2018 and headquartered in Boston, Massachusetts.
Pablow, Inc.
Seed Round in 2015
Pablow Inc. operates an online platform for global travel retailers and system providers to find, connect, and sell targeted travel insurances at point of sale. Pablow Inc. was incorporated in 2015 and is based in Des Moines, Iowa.
LVLFi
Seed Round in 2018
LVLFi uses gamification and behavioural economics to help insurers better engage their insured population. With it's platform of apps and games, LVLFi encourages users to be more active and in doing so lower their risk for chronic disease, which in turn lowers the claims rates and costs for the insurer. Trials with a Fortune 100 company have shown a sustained increase in average steps in an obese population of 19%.
InsureVite
Seed Round in 2020
InsureVite is a Singapore based, Enterprise B2B InsurTech startup on a mission to help insurers transform their customer experience through social messaging apps. Our digital assistant combined with robotic process automation can be embedded into any mobile apps or websites, enabling customers to connect and transact easily, quickly and seamlessly with their insurers in a single interface (no re-direct or pushed out)
Gerald
Seed Round in 2020
Gerald is a New York based technology company on a mission to make insurance and financial products affordable to millions of Americans.
Gerald is pioneering a new realm that combines payments, data, fintech and insurtech to create solutions that empower and reward consumers for doing simple things such as: making timely F&I payments, driving safely, living healthy lifestyle etc.
Gerald empowers and rewards consumers for making healthy insurance and financial decisions.Gerald's app enables consumers to easily pay their F&I providers, get access to flexible payment options, earn very high cash back via Gerald's virtual card and receive personalized F&I recommendations.
MotionsCloud
Seed Round in 2022
MotionsCloud UG develops mobile and AI claims adjustment solution for customers, loss adjusters, and insurers. Its solution allows insurers to reduce insurance claim cost and claim cycle time; and includes various features to real-time estimations, remote claims settlement, reduce fraud, customer satisfaction, and more. The company was founded in 2016 and is based in Mannheim, Germany.
ClinicNote
Seed Round in 2015
ClinicNote, Inc. develops and delivers an electronic medical record software solution for speech-language pathologists in the United States. Its solution helps therapists in various day-to-day tasks, such as SOAP notes, scheduling, billing, storage, progress notes, and evaluations. The company was founded in 2015 and is based in Des Moines, Iowa.
MotionsCloud
Seed Round in 2017
MotionsCloud UG develops mobile and AI claims adjustment solution for customers, loss adjusters, and insurers. Its solution allows insurers to reduce insurance claim cost and claim cycle time; and includes various features to real-time estimations, remote claims settlement, reduce fraud, customer satisfaction, and more. The company was founded in 2016 and is based in Mannheim, Germany.
Isaac Reinsurance Group Inc.
Seed Round in 2016
Isaac Reinsurance Group Inc. operates an online marketplace that connects insurance companies with capital markets. The company’s platform enables insurers to access capital on demand and investors gain access to securities backed by insurance risk. Its platform provides analytics, market intelligence, portfolio optimization, deal syndication, financial reporting, and on-demand pricing services. The company was incorporated in 2016 and is based in New York, New York.
Telematic, Inc.
Seed Round in 2016
The telematic team is co-lead by two dynamic leaders with over seventeen years combined insurance industry experience and over fifty years technical expertise in all things data. Data engineer and developer guru, Tom Yates has joined forces with CEO, actuary, researcher, and strategist, Marti Ryan. Together they bring street smart experience using cutting edge technology tools to solve clients' problems. With midwestern roots from Iowa and Illinois, and their hard-working, roll-up your sleeves work ethic, they have created an innovative SaaS platform using the latest open-source technologies and best forward thinking.
Fluttrbox
Seed Round in 2016
fluttrbox delivers a real-time experience for Infrastructure Management and Marketing. Removing the complexities of resource allocation for on site monitoring (purchasing of equipment, hiring a team, dealing with regulation, organizing the infrastructure data, documentation).
Using small aerobotics (UAVs), they're able to rapidly aggregate data on your infrastructure and deliver this data back to you through their platform.
everyday life
Pre Seed Round in 2020
Everyday Life Insurance uses technology to redefine financial security for middle income families. Its first product, Predictive Protection, saves consumers money by automatically adjusting coverage based on predictable life events like kids growing up or retirement.
It was founded in 2018 and headquartered in Boston, Massachusetts.
everyday life
Funding Round in 2019
Everyday Life Insurance uses technology to redefine financial security for middle income families. Its first product, Predictive Protection, saves consumers money by automatically adjusting coverage based on predictable life events like kids growing up or retirement.
It was founded in 2018 and headquartered in Boston, Massachusetts.
InsuranceMenu LLC
Seed Round in 2017
InsuranceMenu LLC develops a web based platform to manage employee benefits for small businesses. The company offers, InsuranceMenu, a digital distribution technology that works with carriers to streamline distribution, which empowers agents to service clients with a portfolio of products that covers their needs. Its technology delivers a catalog of employee benefits and individual products from carriers, such as health, dental, vision, disability, life, and others to small businesses. The company serves agents, carriers, TPAs, and associations in the United States. InsuranceMenu LLC was founded in 2014 and is headquartered in Dedham, Massachusetts.
Sentrys
Seed Round in 2017
Sentrys develops a data-protection platform which provides data security for consumers, vehicle manufacturers, and insurance companies. The company is headquartered in Belgrade, Serbia.
FindBoB
Seed Round in 2017
FindBoB is a growth, transition and succession planning tool for financial advisors and insurance agents, utilizing machine learning and elements of gamification for asset protection.
Life Insurance Database
Seed Round in 2015
Life Insurance Database
Pablow, Inc.
Seed Round in 2015
Pablow Inc. operates an online platform for global travel retailers and system providers to find, connect, and sell targeted travel insurances at point of sale. Pablow Inc. was incorporated in 2015 and is based in Des Moines, Iowa.
Gerald
Seed Round in 2020
Gerald is a New York based technology company on a mission to make insurance and financial products affordable to millions of Americans.
Gerald is pioneering a new realm that combines payments, data, fintech and insurtech to create solutions that empower and reward consumers for doing simple things such as: making timely F&I payments, driving safely, living healthy lifestyle etc.
Gerald empowers and rewards consumers for making healthy insurance and financial decisions.Gerald's app enables consumers to easily pay their F&I providers, get access to flexible payment options, earn very high cash back via Gerald's virtual card and receive personalized F&I recommendations.
Insurance Social Media
Seed Round in 2016
InsuranceSocial.Media is built on more than 30 years of insurance agency marketing experience. They are a team of marketers, editors, designers and programmers, focused on helping insurance professionals harvest the power of effective social media.
They serve insurance agents by creating, curating and automatically posting engaging social media content customized to their target markets, lines of coverage, geographic location, personal interests and more.
They help carriers by bringing their agents into the social media space and streamlining the distribution of company-produced content to a growing audience of agents and consumers.
Drive Spotter
Pre Seed Round in 2015
Drive Spotter is a technology company building a video analytics platform for high-risk heavy industries. It helps drivers and fleets make life better on the road. The company focused on improving the bottom line for commercial fleets and their insurers. Their patent-pending technology provides significant cost-saving insights to fleet managers and has a clear path towards becoming a key licensed technology in the autonomous vehicle arena and a key data source for insurers, map providers, urban planners, and more.
Drive Spotter was founded in 2015 and is based in Omaha, Nebraska, United States.
RE-Sure
Pre Seed Round in 2017
RE-Sure is a blockchain-enabled, app-driven, smart insurance product designed for the on-demand economy.
ViewSpection
Seed Round in 2017
ViewSpection is a platform providing a transparent, collaborative method for agents and policyholders, as well as underwriting, claims and loss control departments, to share information and maximize service while preventing fraud.
CityMile
Seed Round in 2015
CityMile's technology solutions bridge the gap between drivers, their vehicles and their insurers. Its usage-based insurance (UBI) platform helps insurers collect data, increase adoption, and change driver behavior.
The company was founded in 2015 and is based in Rio De Janeiro, Brazil.
FindBoB
Pre Seed Round in 2017
FindBoB is a growth, transition and succession planning tool for financial advisors and insurance agents, utilizing machine learning and elements of gamification for asset protection.
Smart Drivinc LLC
Seed Round in 2016
Smart Drivinc is an automotive company that aims to reduce incidents of distracted driving, primarily the use of cell phones while driving.
It provides a distracted driving and crashes prevention app that disables drivers' cell phones while driving. Its patented IoT/AI system is focused on identifying and preventing traffic incidents.
Shashaanka and Krishna Ashili co-founded the Des Moines, Iowa-based company in 2016.
Tyche
Seed Round in 2015
Tyche Analytics Company, Inc. develops a proprietary risk management technology solution, which uses natural language processing and machine learning to transform unstructured insurance and legal claims data into claims management and underwriting insight. The company was founded in 2014 and is headquartered in San Jose, California.
Insurmi
Convertible Note in 2019
Insurmi, Inc. develops a digital customer engagement platform for the insurance industry. Its conversational interface platform allows users to generate leads for insurers and also calculate coverage needs and compare quotes from the insurers. The company offers Chat Tracker, a dashboard that enables insurance carriers to manage customer progress and salesforce solutions. Insurmi, Inc. was founded in 2016 and is based in Phoenix, Arizona.
