RPM Ventures

RPM Ventures, established in 2000 and headquartered in Ann Arbor, Michigan, is an early-stage venture capital firm with a $750 million fund under management. The firm specializes in disrupting multi-billion-dollar markets within sectors such as FinTech, InsurTech, Real Estate Tech, and Mobility & Transportation. RPM Ventures primarily invests in seed and early-stage companies, with a focus on software and technology businesses. The firm targets companies that have the Midwest's Fortune 500 manufacturing base as their primary customer or are based on technology developed at the Midwest's premier research centers. RPM Ventures is recognized as an industry thought leader, with a history of investing in innovative companies that drive market disruption.

Tony Grover

Managing Director

Brad Lichota

Principal

Past deals in InsurTech

Overalls

Seed Round in 2024
Overalls Inc, established in 2021, is a technology-driven company specializing in modern benefits solutions for the insurance industry. With a team of 50 employees, the company leverages technology to streamline and enhance employee benefits programs. Overalls Inc offers innovative services, including user-friendly platforms and robust customer support, aiming to improve the overall benefits experience for both employers and employees. The company's core offering involves using algorithms to analyze individuals' financials, goals, and lifestyle to provide tailored supplemental protection plans and complementary insurance products, enabling employers to offer a comprehensive benefits platform to their employees.

Coterie Insurance

Venture Round in 2024
Coterie Insurance is an InsurTech company that focuses on simplifying commercial insurance for small businesses through an API-based platform. By leveraging data-driven automation, Coterie delivers accurate pricing and streamlines the submission-to-bind process, allowing clients to obtain quick and reliable coverage. The company's innovative technology not only enhances the efficiency of the insurance experience but also alleviates the complexities associated with managing insurance audits. Through its commitment to data-backed underwriting, Coterie aims to remove unwanted risks for businesses, ultimately saving clients time and reducing stress in their insurance management.

Overalls

Seed Round in 2022
Overalls Inc, established in 2021, is a technology-driven company specializing in modern benefits solutions for the insurance industry. With a team of 50 employees, the company leverages technology to streamline and enhance employee benefits programs. Overalls Inc offers innovative services, including user-friendly platforms and robust customer support, aiming to improve the overall benefits experience for both employers and employees. The company's core offering involves using algorithms to analyze individuals' financials, goals, and lifestyle to provide tailored supplemental protection plans and complementary insurance products, enabling employers to offer a comprehensive benefits platform to their employees.

Overalls

Seed Round in 2022
Overalls Inc, established in 2021, is a technology-driven company specializing in modern benefits solutions for the insurance industry. With a team of 50 employees, the company leverages technology to streamline and enhance employee benefits programs. Overalls Inc offers innovative services, including user-friendly platforms and robust customer support, aiming to improve the overall benefits experience for both employers and employees. The company's core offering involves using algorithms to analyze individuals' financials, goals, and lifestyle to provide tailored supplemental protection plans and complementary insurance products, enabling employers to offer a comprehensive benefits platform to their employees.

Coterie Insurance

Series B in 2021
Coterie Insurance is an InsurTech company that focuses on simplifying commercial insurance for small businesses through an API-based platform. By leveraging data-driven automation, Coterie delivers accurate pricing and streamlines the submission-to-bind process, allowing clients to obtain quick and reliable coverage. The company's innovative technology not only enhances the efficiency of the insurance experience but also alleviates the complexities associated with managing insurance audits. Through its commitment to data-backed underwriting, Coterie aims to remove unwanted risks for businesses, ultimately saving clients time and reducing stress in their insurance management.

Coterie Insurance

Series A in 2021
Coterie Insurance is an InsurTech company that focuses on simplifying commercial insurance for small businesses through an API-based platform. By leveraging data-driven automation, Coterie delivers accurate pricing and streamlines the submission-to-bind process, allowing clients to obtain quick and reliable coverage. The company's innovative technology not only enhances the efficiency of the insurance experience but also alleviates the complexities associated with managing insurance audits. Through its commitment to data-backed underwriting, Coterie aims to remove unwanted risks for businesses, ultimately saving clients time and reducing stress in their insurance management.

Hippo Insurance

Series E in 2020
Hippo Insurance Services is a home insurance provider that aims to redefine homeowner protection through a comprehensive approach. The company utilizes real-time data and smart home technology to create an integrated home protection platform designed to alleviate the concerns associated with homeownership. Headquartered in Palo Alto, California, with additional offices in Austin and Dallas, Hippo offers its insurance products to over 80 percent of U.S. homeowners across 37 states. The company covers a wide range of assets, including electronics, home offices, and appliances, while also providing unique coverage options for water backup and service lines. Hippo operates through various segments, with the majority of its revenue generated from its Insurance-as-a-Service platform, which supports third-party managing general agents. As a licensed property casualty insurance agent, Hippo collaborates with multiple insurance companies to underwrite its products.

Coterie Insurance

Series A in 2020
Coterie Insurance is an InsurTech company that focuses on simplifying commercial insurance for small businesses through an API-based platform. By leveraging data-driven automation, Coterie delivers accurate pricing and streamlines the submission-to-bind process, allowing clients to obtain quick and reliable coverage. The company's innovative technology not only enhances the efficiency of the insurance experience but also alleviates the complexities associated with managing insurance audits. Through its commitment to data-backed underwriting, Coterie aims to remove unwanted risks for businesses, ultimately saving clients time and reducing stress in their insurance management.

Hippo Insurance

Series D in 2019
Hippo Insurance Services is a home insurance provider that aims to redefine homeowner protection through a comprehensive approach. The company utilizes real-time data and smart home technology to create an integrated home protection platform designed to alleviate the concerns associated with homeownership. Headquartered in Palo Alto, California, with additional offices in Austin and Dallas, Hippo offers its insurance products to over 80 percent of U.S. homeowners across 37 states. The company covers a wide range of assets, including electronics, home offices, and appliances, while also providing unique coverage options for water backup and service lines. Hippo operates through various segments, with the majority of its revenue generated from its Insurance-as-a-Service platform, which supports third-party managing general agents. As a licensed property casualty insurance agent, Hippo collaborates with multiple insurance companies to underwrite its products.

Hippo Insurance

Series C in 2018
Hippo Insurance Services is a home insurance provider that aims to redefine homeowner protection through a comprehensive approach. The company utilizes real-time data and smart home technology to create an integrated home protection platform designed to alleviate the concerns associated with homeownership. Headquartered in Palo Alto, California, with additional offices in Austin and Dallas, Hippo offers its insurance products to over 80 percent of U.S. homeowners across 37 states. The company covers a wide range of assets, including electronics, home offices, and appliances, while also providing unique coverage options for water backup and service lines. Hippo operates through various segments, with the majority of its revenue generated from its Insurance-as-a-Service platform, which supports third-party managing general agents. As a licensed property casualty insurance agent, Hippo collaborates with multiple insurance companies to underwrite its products.

Hippo Insurance

Series B in 2018
Hippo Insurance Services is a home insurance provider that aims to redefine homeowner protection through a comprehensive approach. The company utilizes real-time data and smart home technology to create an integrated home protection platform designed to alleviate the concerns associated with homeownership. Headquartered in Palo Alto, California, with additional offices in Austin and Dallas, Hippo offers its insurance products to over 80 percent of U.S. homeowners across 37 states. The company covers a wide range of assets, including electronics, home offices, and appliances, while also providing unique coverage options for water backup and service lines. Hippo operates through various segments, with the majority of its revenue generated from its Insurance-as-a-Service platform, which supports third-party managing general agents. As a licensed property casualty insurance agent, Hippo collaborates with multiple insurance companies to underwrite its products.

Hippo Insurance

Series A in 2016
Hippo Insurance Services is a home insurance provider that aims to redefine homeowner protection through a comprehensive approach. The company utilizes real-time data and smart home technology to create an integrated home protection platform designed to alleviate the concerns associated with homeownership. Headquartered in Palo Alto, California, with additional offices in Austin and Dallas, Hippo offers its insurance products to over 80 percent of U.S. homeowners across 37 states. The company covers a wide range of assets, including electronics, home offices, and appliances, while also providing unique coverage options for water backup and service lines. Hippo operates through various segments, with the majority of its revenue generated from its Insurance-as-a-Service platform, which supports third-party managing general agents. As a licensed property casualty insurance agent, Hippo collaborates with multiple insurance companies to underwrite its products.

Hippo Insurance

Seed Round in 2016
Hippo Insurance Services is a home insurance provider that aims to redefine homeowner protection through a comprehensive approach. The company utilizes real-time data and smart home technology to create an integrated home protection platform designed to alleviate the concerns associated with homeownership. Headquartered in Palo Alto, California, with additional offices in Austin and Dallas, Hippo offers its insurance products to over 80 percent of U.S. homeowners across 37 states. The company covers a wide range of assets, including electronics, home offices, and appliances, while also providing unique coverage options for water backup and service lines. Hippo operates through various segments, with the majority of its revenue generated from its Insurance-as-a-Service platform, which supports third-party managing general agents. As a licensed property casualty insurance agent, Hippo collaborates with multiple insurance companies to underwrite its products.
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