New York Life Ventures

New York Life Ventures connects the financial strength of New York Life with the speed and agility of the start-up community, engaging in strategic partnerships that accelerate the pace of innovation across the enterprise. Through its strategic testing and investing approach and on-site research and development lab, New York Life Ventures drives opportunity and growth for early-stage ventures while fostering a network of innovation throughout New York Life and enhancing customer experiences.

Joel Albarella

Senior Vice President and Head of NYL Ventures

Bello, Tim Del

Managing Director

11 past transactions

EvolutionIQ

Series A in 2022
EvolutionIQ is an artificial intelligence transformation for insurance carriers. AI Guidance for Disability and General Liability Carriers. By reducing reserves and losses, cycle times, adverse events, lowering expenses, and increasing customer satisfaction, the company's platform improves claims processing, tracks team productivity, and detects fraud trends, allowing clients to receive a fraud detection dashboard and making insurance more fair, transparent, and affordable.

SmartAsset

Series D in 2021
SmartAsset is an online destination for consumer-focused financial information and advice that powers SmartAdvisor, a national marketplace connecting consumers to financial advisors. Reaching approximately 75 million people each month (as of Sept. 2021) through its educational content and personalized calculators and tools, SmartAsset’s mission is to help people make smart financial decisions. Ranked on the Inc. 5000 list of fastest-growing private companies in 2021, SmartAsset recently closed a $110 million Series D round, valuing the company at over $1 billion. SmartAsset was also named to Y Combinator’s list of Top 100 Companies of all time, 2021 Best Financial Planning Technology Company in New York by Wealth & Finance International, and Forbes’ list of America’s Best Startup Employers in 2020.

Ansel Health

Series A in 2021
Ansel Health is a developer of a health insurance platform intended for employers to enhance their employee benefits with a simple supplemental health benefits plan.

Alto Solutions

Series A in 2021
Alto Solutions delivers an easy-to-use, automated process for investing in alternatives with IRA savings. It aims to democratize alternative asset investing. AltoIRA offers an easy-to-use investing platform that empowers everyday investors to diversify their IRAs by investing in alternative assets such as private equity, venture capital, real estate, loans, and cryptocurrency. Offering Traditional, Roth, SEP, and Crypto IRAs, Alto is bringing alternative investments to the mainstream. Everyday investors can now easily and cost-effectively access their retirement savings to invest in assets once reserved solely for high-net-worth individuals. It was founded in 2016 and is headquartered in Nashville, Tennessee.

Brella

Seed Round in 2020
Brella is a child care center that provides flexible scheduling and quality care. The company offers a fully licensed program that features an enrichment-based curriculum, age-appropriate classrooms, and caregiver-child ratios. Brella was founded in 2017 by Darien Williams and Melanie Wolff and is headquartered in Los Angeles, California.

Wellth

Series A in 2020
Our healthcare system assumes we make decisions based on what is best for us. But it’s not that simple. Everyday stressors often cloud our judgement as to what’s best in the long run. For people with chronic conditions, this can make healthy habit formation difficult. Wellth is a venture-backed digital health company that improves adherence in chronic disease populations. Using the science of behavioral economics—combined with an appreciation for human nature—we uncover and address the unique obstacles that prevent people with chronic conditions from improving patient outcomes. Our program goes beyond current efforts to boost adherence with technology, reminders, and coaching solutions using contingency management and loss aversion to create motivation, behavior change and improve population health at scale. In addition to our RCT-proven outcomes, our easy-to-use mobile platform experience has been proven by health plans, providers, and other organizations to empower members with the incentives and support system they need to establish new healthy habits. Key outcomes for members include improved med and care plan adherence, reduction in readmissions, hospitalizations, and ED utilization, improved PDC, and more. Learn more at www.wellthapp.com.

Lynx.MD

Seed Round in 2019
Latica (formerly Lynx.MD) is a visionary healthcare data company dedicated to revolutionizing medical research and innovation. Founded in 2019, Latica provides a secure and collaborative data ecosystem where life sciences organizations, healthcare providers, and researchers can harness the power of clinical and operational data to drive meaningful advancements in medicine. Our platform leverages cutting-edge AI, computer vision, and data analytics to unlock the potential of siloed healthcare data, enabling groundbreaking discoveries while prioritizing security and privacy. Latica empowers collaboration across the healthcare ecosystem, delivering actionable insights that improve outcomes for patients, providers, and researchers alike. Join us in shaping the future of healthcare innovation through the power of data. Learn more at www.latica.ai.

Cogito

Series C in 2019
Cogito is a computer service company that enhances the emotional intelligence of phone professionals by applying behavioral science through artificial intelligence and machine learning. Its software evaluates hundreds of behavioral signals through voice to provide live conversation coaching for agents and a real-time measure of customer experience for every call.

Carrot

Venture Round in 2018
Pivot’s unique six-stage program is designed to engage smokers earlier than other cessation plans, without pressuring them to quit. It begins by helping them become more aware of their smoking and more confident in their ability to do something about it. Then, for those who decide they’re ready, Pivot helps them build and execute a quit plan, with one-on-one coaching support until their quit is stable.

Trifacta

Series D in 2018
Trifacta delivers an intelligent, collaborative, visual data engineering cloud platform to transform data, ensure quality, and automate data pipelines, enabling consumable data at any scale. With universal data connectivity, Trifacta provides flexibility to connect to any data from any source for any application. Using an AI-assisted, self-service approach, Trifacta users can collaborate to evaluate, correct, and validate data quality, accelerate data transformation, and automate robust data pipelines. Trifacta’s open cloud platform drives increased business value through informed decisions. Around the globe, tens of thousands of users at more than 10,000 companies, including leading brands like Deutsche Boerse, Google, Kaiser Permanente, New York Life, and PepsiCo, are unlocking the potential of their data with Trifacta’s market-leading data engineering cloud platform. Learn more at https://www.trifacta.com

Wavtrace

Venture Round in 1999
Wavtrace is focused on the development of broadband wireless access systems that focus on the transmission of voice and video data. Wavtrace was founded by Robert Lundy and Vern Fotheringham in 1996. It is based in Bellevue, Washington.
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