Pelican Ventures

Pelican Ventures is a private investment firm founded in 2019 and based in Coral Gables, Florida. Established by experienced insurance executives, the firm focuses on investing in seed and early-stage companies within the insurance sector. With a proven track record in founding and operating successful franchises, Pelican Ventures aims to leverage its expertise to support the growth of innovative businesses in the industry.

Allan Cohen

CEO and Managing Director

4 past transactions

Tango Specialty Insurance Services

Venture Round in 2023
Tango Specialty Insurance Services operates as a modern managing general agent (MGA) focused on specialty insurance. The company develops a platform that creates and manages customized insurance programs tailored to the needs of specific businesses. With a team of experienced underwriters and strong partnerships with insurance carriers, Tango Specialty aims to address the complex requirements of clients and brokers in the specialty market. By emphasizing expert underwriting programs and personalized support, the company enables brokers to effectively place intricate coverage solutions for their clients.

Blackpoint Cyber

Series C in 2023
Blackpoint Holdings, LLC, founded in 2014 and based in Ellicott City, Maryland, specializes in cybersecurity products and services designed to safeguard organizational infrastructure and operations. The company offers a range of solutions, including Blackpoint RISK, a cyber liability insurance product that protects against incidents such as cyber-crime and ransomware. Its flagship platform, SNAP-Defense, provides advanced threat detection and response capabilities, allowing organizations to identify and neutralize threats at their earliest stages. The platform's real-time monitoring delivers alerts directly to the user interface, enabling quick action to contain affected devices. Additionally, SNAP-Defense supports deep data analysis, enhancing the user experience with its intuitive design. Blackpoint's comprehensive approach to cybersecurity enables clients to fortify their defenses and effectively manage potential threats.

Get Covered

Series A in 2021
Get Covered is a technology company that specializes in creating digital solutions tailored for the insurance industry. The company offers an automated platform designed to streamline the processes of buying, selling, and managing insurance products, making them more efficient and user-friendly. Its services include policy administration, certificate of insurance tracking, and customizable customer-facing websites. Get Covered provides a range of adaptable insurance products specifically for the real estate sector, catering to the needs of insurance carriers, agencies, property managers, landlords, and membership associations. By focusing on simplifying these processes, Get Covered enables its clients to better serve their customers and effectively deliver insurance solutions.

Ariel Re

Private Equity Round in 2020
Ariel Re is a specialized reinsurer with offices in Bermuda, London and Hong Kong, offering multi-line, specialty reinsurance solutions through Lloyd's Syndicate 1910 and access to Lloyd's Europe via Syndicate 5336. Founded in 2005, it serves a diverse client base and has a history of strong performance in Lloyd's and Bermuda markets. In 2020, Ariel Re was acquired by Pelican Ventures and J.C. Flowers, bringing substantial capital resources and industry expertise. In partnership with Apollo Syndicate Management, Ariel Re underwrites on behalf of a Lloyd's property catastrophe arrangement, and since 2022 the SPA 6133 portfolio has been integrated with Ariel's Lloyd's capacity to broaden client offerings. The company also provides insurance and reinsurance coverage for property, professional liability, non-marine physical casualty, aviation physical damage, personal accident and related lines, helping clients mitigate risk and meet their insurance needs.
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