Techstars

Techstars Central LLC, founded in 2006 and based in Boulder, Colorado, operates as a startup accelerator and venture capital firm focused on supporting early-stage technology-oriented companies. It specializes in a mentorship-driven accelerator program, selecting ten startups each summer to participate in a three-month incubation period, offering funding of $120,000 in exchange for equity. Techstars invests primarily in sectors such as fintech, artificial intelligence, blockchain, augmented reality, and IoT, while avoiding investments in medical devices, healthcare technology, and local service-oriented businesses. In addition to its primary accelerator, Techstars has various specialized programs, including those focused on music, retail, mobility, and social impact, with global reach extending to regions such as Africa, Asia, and Latin America. The firm prefers taking minority stakes, typically between six and ten percent, without seeking board representation or investor rights. Techstars has built a robust network of entrepreneurs, mentors, and corporate partners to foster innovation and growth within its portfolio, which includes over 1,000 companies with a significant collective market capitalization.

Ethan Austin

MD of the Techstars Western Union Accelerator

Mark Tortorella

Advisor

Nathanial Zola

MD

Past deals in Life Insurance

Openly

Series C in 2022
Openly Inc. is a technology-enabled insurance provider that specializes in homeowners insurance, catering to customers through independent agents. Founded in 2017 and headquartered in Boston, Massachusetts, with an additional office in Chicago, the company leverages technology and industry expertise to deliver comprehensive insurance coverage. Openly's offerings include protection for the structure of the building, walls, roof, and attached fixtures. The company focuses on providing a simplified quoting process, aiming to enhance the overall insurance experience for its customers.

InsureTax

Pre Seed Round in 2021
InsureTax specializes in the prediction and hedging of financial risks that focus on tax liabilities and issuing tax policies. It protects businesses and individuals from any uncertain tax exposure in their tax filing and guarantees the tax filing result.

Everyday Life

Venture Round in 2020
Everyday Life Insurance uses technology to redefine financial security for middle income families. Its first product, Predictive Protection, saves consumers money by automatically adjusting coverage based on predictable life events like kids growing up or retirement. It was founded in 2018 and headquartered in Boston, Massachusetts.

Zoee

Funding Round in 2020
Zoee is a social e-learning platform developed by SoleLife, Inc., founded in 2012 and based in Hendersonville, North Carolina. The platform is designed for professional coaches and their clients, facilitating connections and enhancing skill acquisition and industry knowledge. By leveraging business automation and intelligent matching, Zoee assists the 25 million individuals seeking personal coaching to find suitable coaches while helping coaches reduce churn, increase revenue, and improve client success and retention. This comprehensive approach aims to create a more efficient coaching experience for both parties on a single platform.

Livelii

Pre Seed Round in 2020
Livelii helps Canadian freelancers get health and dental coverage, paid vacation and sick days, and get paid on time. It built a platform with freelancers for freelancers which takes on the biggest challenges ranging from payment collection to having health and dental benefits and paid days off. It was founded in 2019 and is based in Toronto, Canada.

Worthright

Pre Seed Round in 2020
Worthright is a financial service company that helps seniors and their families find financial confidence and freedom in retirement. The company focuses on using existing life insurance to fund retirement costs and care needs. They do that by delivering intelligent technology that makes evaluating, servicing and selling a policy seamless - resulting in a powerful grasp of what options are available to a family to pay for and live a full life.

Cuvva

Series A in 2019
Cuvva Limited provides motor and travel insurances products through its mobile app. The company offers temporary car, pay monthly car, single trip travel, and learner driver insurance products. Cuvva Limited was incorporated in 2014 and is based in London, United Kingdom.

Lifesaver

Pre Seed Round in 2019
Lifesaver is a universal mobile banking front-end that turns legacy financial institutions into cutting-edge digital players. Through Lifesaver, people can open, fund, track, and transfer between accounts simply and instantly. Banks and credit unions on the platform enjoy the ability to rapidly deploy feature-rich mobile banking services with no development or maintenance.

Wagmo

Seed Round in 2019
Wagmo, Inc. is a Boston-based company that provides monthly wellness insurance plans specifically designed for pets. Founded in 2017, the company offers reimbursement for routine care services, including vaccinations, grooming appointments, and preventive medications. By leveraging veterinary data, Wagmo enables pet owners to anticipate and manage the costs of care in their area, optimizing the health and well-being of their pets. The service is aimed at making regular pet care more accessible and affordable through its comprehensive wellness plans.

Nira

Seed Round in 2019
Promote financial inclusion by creating simple, transparent products that empower individuals to live a life of choice and freedom.

Buddy

Pre Seed Round in 2018
Buddy Technology, Inc. provides insurance brokerage services. It offers health and accidental insurance plans to customers who are involved in risky outdoor activities. The company also operates an online platform to provide the insurance plans and interact with customers. Buddy Technology, Inc. was founded in 2017 and is based in Richmond, Virginia.

Nimbla

Seed Round in 2018
Nimbla provides B2B invoice insurance to small and medium-sized businesses in the United Kingdom. The London fintech company, through their unique technology, allows them to instantly review the credit rating of their invoices and insure them individually, paying out in the event of insolvency.

Openly

Seed Round in 2018
Openly Inc. is a technology-enabled insurance provider that specializes in homeowners insurance, catering to customers through independent agents. Founded in 2017 and headquartered in Boston, Massachusetts, with an additional office in Chicago, the company leverages technology and industry expertise to deliver comprehensive insurance coverage. Openly's offerings include protection for the structure of the building, walls, roof, and attached fixtures. The company focuses on providing a simplified quoting process, aiming to enhance the overall insurance experience for its customers.

Joany

Series A in 2017
Joany Inc., also known as Joany Health Insurance Services, is an online insurance brokerage based in Los Angeles, California, founded in 2016. The company specializes in simplifying the process of buying and managing health insurance through its digital platform, which leverages machine learning and predictive modeling to tailor insurance options to individual consumer needs. In addition to insurance brokerage services, Joany provides healthcare concierge services, including doctor matching, billing assistance, and other support to help clients navigate the complexities of healthcare. The company aims to enhance the overall experience of using health insurance, making it more accessible and efficient for consumers.

Byte Money

Seed Round in 2017
Byte Money engages in the receipting and allocation of funeral policies using a mobile point of sale (POS) terminal and a pay your premium platform. The company electronically collects cash premiums and performs cash ups; and provides service and support. It also services/repairs and replaces POS terminals in South Africa. The company serves funeral parlors, administrators/underwriters, software providers, and policy holders. Byte Money was founded in 2008 and is based in Johannesburg, South Africa.

ROBIN

Pre Seed Round in 2017
An Israeli award-winning Fintech startup that developed a financial marketplace and Robo-Advisor that revolutionizes the outdated retirement, insurance, and loans distribution channels by providing a custom user experience in order to democratize the way people manage their long-term financing. A marketplace & financial Robo-Advisor based on an advanced data-driven platform which uses a unique combination of sharp algorithm, data analytics, and machine learning to provide objective & personal financial services in a secured & transparent way. Robin Hood Pro created Robin. Robin is a mobile app that makes long-term financial planning and management easy. We offer services in the form of a Robo-advisor or human advisors according to the needs of each individual user, for insurance, loans, and retirement. We automatically aggregate all your information into one place and use our algorithms to find the best plan for you. After you’ve selected your plan, Robin helps you to stay on track each step of the way.

Cuvva

Seed Round in 2017
Cuvva Limited provides motor and travel insurances products through its mobile app. The company offers temporary car, pay monthly car, single trip travel, and learner driver insurance products. Cuvva Limited was incorporated in 2014 and is based in London, United Kingdom.

Jamii Africa

Seed Round in 2016
Jamii Africa is mobile micro-health insurance for the informal sector. They built a mobile policy management platform that performs 99% of insurance administration activities and formed strategic partnerships with an Insurer/ Jubilee Insurance and a Telecom/ Vodacom Tanzania to enable a cashless facility and utilise the mobile money platforms for premium collection and benefit payouts. Their platform manages the benefit ledger and is integrated to mobile money and insurer systems. Enabling us to cut down administration costs by 99% which results to cheaper premiums affordable to their target market.

Jamii Africa

Seed Round in 2016
Jamii Africa is mobile micro-health insurance for the informal sector. They built a mobile policy management platform that performs 99% of insurance administration activities and formed strategic partnerships with an Insurer/ Jubilee Insurance and a Telecom/ Vodacom Tanzania to enable a cashless facility and utilise the mobile money platforms for premium collection and benefit payouts. Their platform manages the benefit ledger and is integrated to mobile money and insurer systems. Enabling us to cut down administration costs by 99% which results to cheaper premiums affordable to their target market.

Grace

Seed Round in 2016
Grace is find peace of mind for end-of-life planning. In the over $40 billion dollar end-of-life space, Grace is bringing peace of mind to end-of-life planning by assisting with finding hospice care, funeral homes, real estate agents, estate lawyers, and more.

Cuvva

Pre Seed Round in 2016
Cuvva Limited provides motor and travel insurances products through its mobile app. The company offers temporary car, pay monthly car, single trip travel, and learner driver insurance products. Cuvva Limited was incorporated in 2014 and is based in London, United Kingdom.

Grace

Seed Round in 2016
Grace is find peace of mind for end-of-life planning. In the over $40 billion dollar end-of-life space, Grace is bringing peace of mind to end-of-life planning by assisting with finding hospice care, funeral homes, real estate agents, estate lawyers, and more.

Joany

Pre Seed Round in 2015
Joany Inc., also known as Joany Health Insurance Services, is an online insurance brokerage based in Los Angeles, California, founded in 2016. The company specializes in simplifying the process of buying and managing health insurance through its digital platform, which leverages machine learning and predictive modeling to tailor insurance options to individual consumer needs. In addition to insurance brokerage services, Joany provides healthcare concierge services, including doctor matching, billing assistance, and other support to help clients navigate the complexities of healthcare. The company aims to enhance the overall experience of using health insurance, making it more accessible and efficient for consumers.

Kinetic Global

Debt Financing in 2014
LifeLine Response is the most reliable & fastest way to reach emergency responders and notify friends and family when you’re in danger. LifeLine Response provides protection that can change the outcome of a potentially life threatening situation. With patent-pending “touch technology”, it actively monitors your status and automatically notifies the LifeLine Response 24/7 Emergency Response Center when you need assistance. Trained emergency response professionals assess your situation, confirm your GPS location, and notify local authorities. Designated LifeLine contacts such as family, friends, and coworkers are also advised of your location and situation.

Kinetic Global

Pre Seed Round in 2014
LifeLine Response is the most reliable & fastest way to reach emergency responders and notify friends and family when you’re in danger. LifeLine Response provides protection that can change the outcome of a potentially life threatening situation. With patent-pending “touch technology”, it actively monitors your status and automatically notifies the LifeLine Response 24/7 Emergency Response Center when you need assistance. Trained emergency response professionals assess your situation, confirm your GPS location, and notify local authorities. Designated LifeLine contacts such as family, friends, and coworkers are also advised of your location and situation.