Service Provider Capital

Service Provider Capital is a venture capital firm established in 2014 and based in Colorado. The firm focuses on early-stage investments, notably seed-stage opportunities, and participates as a co-investor in Series A rounds led by institutional venture funds. Its portfolio interests span a broad range of technology sectors, including artificial intelligence, machine learning, blockchain, cybersecurity, e-commerce, education technology, fintech, hardware, information technology, robotics, health, and cannabis.

Patrick Cerone

Managing Director

Brian Gordon JD

Managing Director

Edward Hill

Managing Director

Galen Mason JD

Managing Director - Midwest Fund I

Jody Shepherd

Founder / Managing Director

Past deals in Risk Management

Hydden

Seed Round in 2024
Hydden is a cybersecurity company that specializes in continuous identity discovery and management. Its platform integrates with existing security tools, creating a unified data layer that provides real-time visibility into all identities, both human and non-human. Hydden automatically maps these identities to managed accounts, enforces the principle of least privilege, and proactively mitigates identity-related risks, thereby reducing the overall attack surface.

Network Perception

Seed Round in 2020
Network Perception, Inc. is a technology company specializing in network device configuration analysis software to enhance network management and security. Founded in 2013 and based in Chicago, Illinois, the company offers tools for firewall auditing and continuous monitoring, enabling corporate compliance and cybersecurity managers to visualize their network effectively. Its platform automates the analysis of network device configuration files, providing comprehensive audits and assessments that help organizations ensure their configurations align with best practices and regulatory standards. By delivering these innovative solutions, Network Perception assists businesses in managing cybersecurity vulnerabilities and maintaining compliance within their network environments.

Flyreel

Series A in 2020
Flyreel, Inc. is a technology company based in Denver, Colorado, specializing in a platform that enhances the property insurance underwriting process. Established in 2013 and formerly known as MyFactals, the company utilizes artificial intelligence and computer vision to facilitate user-guided inspections and claims workflows. Flyreel's platform enables policyholders to conduct self-service inspections, allowing for thorough documentation of property details, including risks, hazards, and materials. By streamlining the underwriting process, Flyreel’s technology aids insurance carriers in making informed, data-driven decisions, ultimately improving underwriting efficiency, risk management, and customer satisfaction.

Highwing

Seed Round in 2020
Highwing, Inc. is an insurance technology company that specializes in developing an open data platform tailored for the commercial insurance industry. Founded in 2018 and based in Denver, Colorado, Highwing’s platform facilitates direct connectivity between brokers and carriers, enabling them to access and leverage insurance data analytics throughout the customer lifecycle. This innovative platform automates workflows and provides tools to enhance decision-making regarding customers, products, pricing, and risk management. By streamlining processes, Highwing aims to help brokers and carriers increase sales, improve operational efficiency, and enhance the overall customer experience without the need for additional personnel. The company, previously known as IMAgine Analytics, LLC, rebranded to Highwing, Inc. in October 2020.

Kin Insurance

Seed Round in 2017
Kin Insurance, Inc. is a digital insurance agency that specializes in homeowners insurance and related products. Founded in 2016 and headquartered in Chicago, Illinois, with an additional office in St. Petersburg, Florida, the company aims to enhance the convenience and affordability of insurance by operating directly with consumers, eliminating the need for external agents. Kin Insurance offers a variety of products, including homeowners, mobile home, condo, flood, and landlord insurance, among others. The company leverages extensive property data to ensure precise pricing and improve underwriting outcomes, providing personalized coverage options and efficient claims services through its technology-driven platform.

Groundspeed Analytics

Series A in 2017
Groundspeed Analytics develops software that automates data processing in commercial insurance. Its platform uses machine learning to analyze documents like submissions, loss runs, and policy documents, empowering users to improve financial performance by identifying profitable risks.

Aclaimant

Seed Round in 2017
Aclaimant is a Chicago-based provider of an enterprise incident management platform for workplace incidents. The platform supports reporting, management, documentation, and analysis of incidents, enabling employees, employers, and insurance carriers to use a shared dashboard to track users, incidents, and related reports. It aims to expedite incident resolution and reduce the cost of risk by capturing actionable information and coordinating real-time communication among involved parties. The company serves staffing firms, elder care and nursing facilities, small and mid-sized businesses and municipalities, as well as insurance brokers, carriers, and third-party administrators. Founded in 2013, Aclaimant focuses on helping organizations save time and money on incident and claim management while improving safety.

Rippleshot

Venture Round in 2017
Rippleshot, Inc. is a technology company based in Chicago, Illinois, specializing in cloud-based predictive solutions that detect payment card data breaches. Founded in 2012, Rippleshot provides tools for card issuers, processors, and merchants to monitor suspicious activities and enhance fraud risk management strategies. Its offerings include Rippleshot Community, which assists credit unions and banks in identifying local and national breaches; Rippleshot National, designed to aid fraud analysts in refining card re-issuing strategies; Rippleshot Merchant, which allows store owners to detect and monitor breaches through a user-friendly portal; and Rippleshot ISO, which supports acquirers in assessing daily merchant data breach threats. By employing big-data analytics and machine learning, Rippleshot aims to reduce fraud losses for banks and merchants by uncovering data breaches and stopping card fraud more efficiently, thereby protecting brand reputation and enhancing the consumer payment experience.
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