MTech Capital

MTech Capital is a venture capital firm with offices in Santa Monica and London investing in technology companies operating in the insurance industry. We define the insurance sector broadly to encompass all of the businesses that insurance companies are in, including asset management, wealth management and other financial services. We look for founders with the vision and ambition to change the insurance industry using technology. We invest across all stages and our primary focus is in North America and Europe.

Nick Bendell

Associate

Victoria Holberton

CFO

Kristian Kekonius

Associate

Kevin McLoughlin

Partner and Co-Founder

Brian McLoughlin

Partner and Co-Founder

Jack Prescott

Associate

Katie Vasquez

Associate

22 past transactions

Voxel

Seed Round in 2021
Voxel uses computer vision and AI to enable security cameras to automatically identify hazards and high-risk activities in real-time, keeping people safe and driving operational efficiencies. Our technology targets the key drivers for workers’ compensation, general liability, and property costs while providing full site visibility.

Dealer Policy

Seed Round in 2019
Dealer Policy is an insurance company that instantly provide customers with 20 competitive insurance quotes from participating dealers. Instead of filling out the same information repeatedly for a competitive quote, users can now enjoy a hassle free transaction.

Voxel

Series A in 2022
Voxel uses computer vision and AI to enable security cameras to automatically identify hazards and high-risk activities in real-time, keeping people safe and driving operational efficiencies. Our technology targets the key drivers for workers’ compensation, general liability, and property costs while providing full site visibility.

Plum

Seed Round in 2022
At Plum, they aim to use beautiful design and smart technology to reinvent age-old technology. They don't see "the home of the future" or a "smart home." They just see a better way to live. Their aim is to craft product experiences that change your life without getting in your way. That's why everything they make is created with precision and care. Their mission isn't just to create great products but to build the products that create experiences you'll love.

Corvus

Series C in 2021
Corvus Insurance Agency, LLC provides insurance services. It offers CrowBar, a platform that gives brokers and policyholders on-demand access to policy information, claims reporting, loss prevention recommendations, and business intelligence; and dynamic loss prevention, provides recommendations from the data lower to total cost of risk. Corvus Insurance Agency, LLC was founded in 2017 and is based in Boston, Massachusetts. It has additional offices in New York, New York; Chicago, Illinois; Los Angeles, California; Dallas, Texas; and Atlanta, Georgia.

Gewerbeversicherung24

Series B in 2022
Thinksurance is a distribution technology platform for business insurance in Germany. It connects insurers, distributors from several sales channels and business customers on its platform. Business insurance distributors such as the majority of (online-)brokers and broker pools, agencies, banks, and others use the offering as SaaS to search, compare and conclude the right insurance coverage for their clients. Thinksurance leverages its proprietary technology to make the process as easy as possible, e.g. with several APIs to distributors CRMs and insurer systems. All relevant insurers already partner with the platform leading to an unrivaled market coverage in the commercial insurance space for small and medium-sized enterprises. Also, insurers are offered adjacent services such as Data Analytics, Portfolio Transfer, After Sales Processes or White-Label-Solutions for their internal use. Thinksurance also includes an own Online-Broker "Gewerbeversicherung24" which operates on www.gewerbeversicherung.de to get direct feedback from businesses to improve their service for partnering distributors and insurers.

Openly, Inc.

Series C in 2022
Openly Inc., a technology-enabled insurance provider, offers insurance products and services for homeowners. The company was founded in 2017 and is based in Boston, Massachusetts with an additional office in Chicago, Illinois.

Gewerbeversicherung24

Funding Round in 2022
Thinksurance is a distribution technology platform for business insurance in Germany. It connects insurers, distributors from several sales channels and business customers on its platform. Business insurance distributors such as the majority of (online-)brokers and broker pools, agencies, banks, and others use the offering as SaaS to search, compare and conclude the right insurance coverage for their clients. Thinksurance leverages its proprietary technology to make the process as easy as possible, e.g. with several APIs to distributors CRMs and insurer systems. All relevant insurers already partner with the platform leading to an unrivaled market coverage in the commercial insurance space for small and medium-sized enterprises. Also, insurers are offered adjacent services such as Data Analytics, Portfolio Transfer, After Sales Processes or White-Label-Solutions for their internal use. Thinksurance also includes an own Online-Broker "Gewerbeversicherung24" which operates on www.gewerbeversicherung.de to get direct feedback from businesses to improve their service for partnering distributors and insurers.

Dealer Policy

Venture Round in 2019
Dealer Policy is an insurance company that instantly provide customers with 20 competitive insurance quotes from participating dealers. Instead of filling out the same information repeatedly for a competitive quote, users can now enjoy a hassle free transaction.

Pendella

Seed Round in 2022
Pendella, LLC operates a virtual portal of health insurance providers that offers employee benefit plans. It offers Pendella that creates employee benefits programs for employees; income protection plans; and determines which product is suited for a user. The company’s solution also provides various quotes from different carriers and helps compare options and plans for companies; and collects necessary forms and applications to implement group insurance programs. Pendella, LLC was incorporated in 2018 and is based in Fort Myers, Florida.

Timelineapp Tech Limited

Series A in 2022
Timelineapp Tech Limited is a sustainable withdrawal software for financial planners. It also uses extensive academic research, historical returns and mortality data to assess how a retirement strategy might fare under various market conditions. They also help clients visualize probable outcomes in retirement and evaluate withdrawal strategies from income drawdown portfolios. Timelineapp Tech Limited was founded in 2018 and is headquartered in Basildon, Essex.

AKUR8

Series B in 2021
Akur8 is a developer of an AI-driven insurance pricing platform designed to provide AI-powered pricing automation and optimization for insurance carriers. The company's platform integrates with leading-edge algorithms dedicated to insurance pricing that can immediately spot anomalies and discover new patterns using which models can be built 10 times faster than with traditional solutions, enabling insurance carriers to improve their profits and win market share with pricing models created and updated in hours instead of months.

Rest Less

Series A in 2021
Rest Less is a social enterprise startup offering jobs, volunteering and guidance for the over 50s. The online platform offers fulfilling opportunities to work, volunteer or find a new career path.

Inshur Inc.

Series B in 2021
Inshur Inc. develops cloud based digital insurance platform that enables drivers to secure insurance with all the coverage needed for Uber, Lyft, and other rideshare operators. It provides black car insurance, livery insurance, taxi insurance, street hail livery insurance, green taxi insurance, and for-hire vehicle (FHV) insurance. The company was incorporated in 2016 and is based in New York, New York.

Bold Penguin

Series A in 2019
Bold Penguin is a commercial insurance exchange that connects customers, agents, and carriers to match the right quote in record time. With a heavy focus on the agents, Bold Penguin pushes the boundaries of user experience for businesses, an easy tool for agents, and a streamlined process of underwriting for carriers. The company operates an Exchange which utilizes a set of solutions to identify, triage, quote, and bind commercial insurance in a highly efficient and tech-enabled way. It plans to deliver on the platform enhancements which include more flexibility in how the core technology is leveraged by enterprise customers, expanding in excess and surplus lines. The Company offers a streamlined process of underwriting for carriers in commercial property and casualty insurance services. Bold Penguin was founded in 2016 and is headquartered in Columbus, Ohio, USA.

Matic Insurance

Venture Round in 2019
Matic Insurance Services, Inc. operates as a digital insurance agency that offers solutions for consumers, originators, and insurance servicers. The company was formerly known as Matic Insurance and changed its name to Matic Insurance Services, Inc. in May 2014. Matic Insurance Services, Inc. was incorporated in 2014 and is based in Columbus, Ohio with additional offices in Los Angeles and San Francisco, California; and Lviv, Ukraine.

AKUR8

Series A in 2020
Akur8 is a developer of an AI-driven insurance pricing platform designed to provide AI-powered pricing automation and optimization for insurance carriers. The company's platform integrates with leading-edge algorithms dedicated to insurance pricing that can immediately spot anomalies and discover new patterns using which models can be built 10 times faster than with traditional solutions, enabling insurance carriers to improve their profits and win market share with pricing models created and updated in hours instead of months.

Insurify, Inc.

Series A in 2020
Insurify is an internet company that features a software platform that specializes in car insurance. Its software platform utilizes artificial intelligence, language processing, and chatbots it provides personalized recommendations that help its users to decide about their car insurance. It was founded in 2013 and is headquartered in Cambridge, Massachusetts.

Embroker

Series B in 2018
Embroker is the easiest way to intelligently ensure any business. By pairing technology and broker expertise, Embroker helps growing businesses save time and find the best value on the right coverage. As the leading digital insurance brokerage, Embroker is working to massively improve the $800 billion property and casualty (P&C) insurance market. Headquartered in San Francisco, we have offices in Chicago and Boston and customers in all 50 states.

Matic Insurance

Series B in 2020
Matic Insurance Services, Inc. operates as a digital insurance agency that offers solutions for consumers, originators, and insurance servicers. The company was formerly known as Matic Insurance and changed its name to Matic Insurance Services, Inc. in May 2014. Matic Insurance Services, Inc. was incorporated in 2014 and is based in Columbus, Ohio with additional offices in Los Angeles and San Francisco, California; and Lviv, Ukraine.

Matic Insurance

Convertible Note in 2019
Matic Insurance Services, Inc. operates as a digital insurance agency that offers solutions for consumers, originators, and insurance servicers. The company was formerly known as Matic Insurance and changed its name to Matic Insurance Services, Inc. in May 2014. Matic Insurance Services, Inc. was incorporated in 2014 and is based in Columbus, Ohio with additional offices in Los Angeles and San Francisco, California; and Lviv, Ukraine.

Inshur Inc.

Series A in 2019
Inshur Inc. develops cloud based digital insurance platform that enables drivers to secure insurance with all the coverage needed for Uber, Lyft, and other rideshare operators. It provides black car insurance, livery insurance, taxi insurance, street hail livery insurance, green taxi insurance, and for-hire vehicle (FHV) insurance. The company was incorporated in 2016 and is based in New York, New York.