Markd is a venture capital firm founded in 2022 and based in Boulder, Colorado. It concentrates on funding and partnering with transformative insurtech companies to accelerate growth and innovation in the insurance technology sector. The firm operates as a registered investment adviser.

American Family Ventures is the venture capital arm of American Family Insurance Company. Based in Madison, Wisconsin, it focuses on early-stage investments, typically seed to Series B, in startups that redefine the insurance industry through technology. It seeks minority equity stakes and emphasizes active partnership, a broad InsurTech network, and value-add programs to support portfolio companies. The fund targets technologies related to insurance, FinTech, data analytics, IoT, and cybersecurity that can advance American Family’s core business and improve safety, efficiency, and quality of life. Typical investment sizes range from hundreds of thousands to several millions of dollars.

Global Founders Capital is a Berlin, Germany-based venture capital firm with a global focus that invests across seed, early, and later-stage companies. It maintains a stage-agnostic approach, seeking innovative ideas with potential impact and feasibility in global markets.

Munich Re is a global reinsurance company that offers reinsurance and related risk solutions, including agricultural reinsurance, life and health reinsurance, corporate risk solutions, and cyber risk coverage, as well as consulting services. It underwrites reinsurance for property, casualty, life, health, and cyber risks and supports primary insurers and other clients through risk transfer, risk assessment, and analytics to help manage exposure and capital.

Insurtech Gateway is a London-based accelerator that supports insurtech startups, offering underwriting support, access to capital, and guidance on designing and building their products. The organization connects startups with insurers and technology partners to foster collaboration and innovation, guiding them from inception through growth and scale. It aims to create a safe environment for insurers to innovate and for insurtechs to scale.

Bossa Invest is a venture capital firm based in Sao Paulo, Brazil, founded in 2011, that manages investment portfolios and provides asset management services to clients across sectors, with a focus on software as a service companies, and analyzes market trends to inform its investment decisions while operating in finance, technology, and real estate.

Alumni Ventures Group is a venture capital firm based in Manchester, New Hampshire, established in 2013. It targets individual accredited investors who previously had limited access to venture capital by enabling alumni from top entrepreneurial schools to invest together in ventures led by fellow alumni. The firm backs companies with an alumni connection and an institutional lead investor with sector expertise. It offers focused funds that provide accredited investors access to a diversified venture portfolio by type, sector, stage, and geography. The organization engages in seed, early-stage, and late-stage pre-IPO investments across technology, consumer, financial services, health care, life sciences, and other sectors.

New Enterprise Associates is a U.S.-based venture capital firm founded in 1977 and headquartered in Menlo Park, California. It invests in technology and healthcare companies across stages and geographies, supporting startups from seed to growth. The firm operates globally with investments in the United States, Asia, and Brazil among others, and has a long track record of portfolio IPOs and acquisitions. It has over $19 billion in cumulative committed capital.

Nyca Partners is a New York–based venture capital firm focused on financial technology. Founded in 2014, it provides venture investments and facilitates connections between fintech startups and financial institutions, technology companies, and experienced investors and advisers.

IA Capital Group is a New York-based venture capital and private equity firm founded in 1992, specializing in insurtech and fintech. The firm backs early and growth-stage companies and also incubates startups, with investments spanning venture, growth equity, and buyouts in insurance technology, payments, and broader financial services sectors. It pursues opportunities in the United States, Canada, and North America, and often takes both majority and minority stakes. IA Capital collaborates with insurers through strategic venture programs and has a long track record of partnering with innovative companies in insurance technology and financial services to accelerate growth and scale adoption.

MTech Capital is a venture capital firm with offices in Santa Monica and London that backs technology companies across insurtech, wealthtech, asset management, health and wellness, employee benefits, and enterprise software. Founded in 2018, the firm invests across stages and focuses on opportunities in North America and Europe, with activity also noted in Israel.

HPS Investment Partners is a global investment firm focused on non-investment grade credit across the capital structure. Founded in 2007 and headquartered in New York, it operates a worldwide network of offices. The firm originated as a unit of Highbridge Capital Management, a subsidiary of J.P. Morgan Asset Management, and was acquired by its principals in 2016 after Highbridge’s hedge fund strategies remained with J.P. Morgan. HPS manages a variety of strategies, including syndicated leveraged loans, high-yield bonds, privately negotiated senior secured debt, mezzanine, asset-based lending, and private equity, and serves clients across industries such as insurance, healthcare, media, retail, logistics, and marine.

Service Provider Capital is a Colorado-based venture capital firm founded in 2014 that funds seed-stage technology companies across domains such as artificial intelligence, machine learning, blockchain, cybersecurity, fintech, e-commerce, education technology, hardware, robotics, information technology, health tech, and cannabis. The firm also co-invests in Series A rounds led by institutional venture funds, providing capital and guidance to startups in the United States, including the Midwest and Southeast regions.

ManchesterStory Group is a West Des Moines, Iowa-based venture capital firm that invests in early- to growth-stage companies in the insurance, financial services, and healthcare sectors. Founded by Dave Miles and Matt Kinley, the firm concentrates on InsurTech, FinTech, and HealthTech and leverages industry expertise and a broad network of strategic relationships to support entrepreneurs solving complex market challenges. It aims to connect innovative startups with established players and investors to drive sustainable growth.

Clocktower Technology Ventures is a venture capital firm based in Santa Monica, California, founded in 2015 as the technology investing arm of Clocktower Group. It concentrates on financial services and fintech, including lending, credit and banking, payments, insurance, capital markets and investments, personal finance, and related enterprise tools. The firm backs early-stage and growth opportunities and has invested in numerous fintech companies globally, with portfolio activity across North America, Europe, and Latin America. Clocktower Technology Ventures leverages its deep industry network with policymakers, hedge fund managers, and institutional allocators to support portfolio companies in scaling, regulation navigation, and market access. The firm seeks to identify innovative financial technology platforms and services that can transform traditional finance ecosystems while building enduring value for founders and investors.

B.P. Marsh & Partners is a London-based private equity and venture capital firm founded in 1990 that concentrates on the financial services sector. The firm targets early-stage, developmental and acquisition capital, startups, management buyouts and related transactions, including hive-offs, and typically makes equity investments of up to about £5 million while also providing debt financing. It takes minority stakes of roughly 20% to 40% and prefers to exit through trade sales or an initial public offering. The firm focuses on insurance intermediaries, asset managers, independent financial advisors, wealth and fund managers, specialist advisory and consultancy firms, and professional consultants, with geographic reach in the United Kingdom, Europe, North America and beyond. It maintains governance by appointing a non-executive director to portfolio companies and may make follow-on investments. It does not invest in insurance companies or businesses exposed to principal risk.

Alma Mundi Ventures is a Madrid-based venture capital firm founded in 2015 that backs technology-driven companies, primarily with B2B and B2B2C models. The firm concentrates on sectors including insurance technology, fintech, health technology, deep tech, climate technology, and retail technology, supporting growth-stage startups across Europe and beyond. It maintains an operational presence in Madrid, with activity in Barcelona, London and Seattle to assist portfolio companies in Europe, North America and other regions.

Obvious Ventures is a venture capital firm based in San Francisco, founded in 2014. It invests in early and growth-stage startups across a broad range of sectors, including B2B, B2C, energy, healthcare, financial services, information technology, agriculture, and various technology areas such as AI, clean technology, and climate tech, with an emphasis on companies that pursue both profit and social impact. The firm operates as a registered investment adviser.

Antler is a global venture capital firm based in Singapore that backs early-stage technology companies. It runs incubation programs and provides a global community of co-founders, access to talent, expert advisors, expansion support, and capital to help startups grow. The firm targets a broad range of sectors, including healthcare, finance, software, energy, consumer and B2B technologies, and operates through regional programs across Europe, the United States, the United Kingdom, Southeast Asia, India, Africa, and beyond.

Anthemis Group is an independent growth and investment platform focused on financial technology and insurtech. Founded in 2010 and based in London, it supports startups across North America and Europe, targeting pre-seed through Series A investments. The firm manages multiple funds and seeks to back companies that advance resiliency, transparency, access and equity in the financial system. By combining capital with domain expertise and a network of entrepreneurs, institutions and researchers, Anthemis aims to accelerate innovation in finance and insurance. Its portfolio and activity span early-stage ventures in fintech and insurtech with a global reach, reflecting a commitment to shaping the future of financial services rather than merely managing assets.

Alven Capital Partners is a Paris-based venture capital firm that supports early-stage technology and consumer startups, with a focus on French and francophone entrepreneurs. The firm backs ventures in digital technology sectors such as artificial intelligence, data management, software-as-a-service, cybersecurity, and disruptive consumer models including marketplaces and web brands. Its activity spans Europe and North America, and it has a history of funding companies across information technology and TMT sectors, typically at initial and early growth rounds. Founded in 1999, Alven leverages its market knowledge and sector experience to help ambitious entrepreneurs scale their ventures.

Founded in 2016, Next Insurance is a technology-driven online insurance agency specializing in small businesses. It offers a range of business insurance products, including general liability, professional liability, commercial auto, and workers' compensation, serving various sectors such as contractors, fitness, cleaning, and education. The company uses technology to streamline claims investigation, aiming for transparency within 48 hours.

Lightspeed Venture Partners is a global venture capital firm based in Menlo Park, California, with additional offices in Beijing, Shanghai, New Delhi, and Israel. The firm backs early and growth stage start-ups across sectors such as enterprise software, consumer technology, fintech, healthtech, cleantech, and information technology, and pursues opportunities in the United States, Asia, and Israel. It funds a broad range of rounds, including seed, early, later, and expansion, and also provides debt financing for start-ups and growth companies. Lightspeed focuses on helping entrepreneurs scale through capital, strategic guidance, and operational support, and maintains a diversified portfolio across enterprise, consumer, big data, mobile, and internet-enabled sectors.

Slow Ventures is a generalist early-stage venture capital firm based in San Francisco with additional presence in Boston and New York. Founded in 2011, it invests in technology‑driven startups and ventures at the intersection of science, society, and culture, supporting companies across sectors such as software, fintech, cryptocurrency, e-commerce, mobile, consumer and commercial services, financial services, pharmaceuticals, and biotechnology. The firm emphasizes helping founders through capital, resources, and industry connections to build sustainable, scalable businesses. It operates as a registered investment adviser.

VRG Capital is a private equity investment firm based in Toronto, Canada. It focuses on financing and growing small and mid-sized companies across healthcare, financial services, information technology, logistics, insurance, and marketing or sales services, as well as other diversified sectors. The firm provides capital and management experience, pursuing minority and majority stakes through growth equity, buyouts, and strategic advisory services. It operates with a regional and international footprint, including offices in Toronto, Vancouver and Phoenix, and engages in providing capital for startups and expansions, acquisitions and mergers, while supporting portfolio companies with operational guidance.

PJC is a venture capital firm based in Boston, founded in 2001. It is an early-stage investor that backs entrepreneurs across all industries in North America, providing capital and active support to help them build companies that shape the future. The firm has backed more than 100 companies, including Expensify, Nest, BlockFi, GetWell Network and Nexamp, reflecting broad sector experience and a focus on long-term relationships.

Everywhere Ventures is a New York-based venture capital firm founded in 2017. It operates as a community-powered, early-stage investor that combines capital, mentorship, and operational experience from founders and operators across ten micro funds. The firm funds pre-seed startups globally, with emphasis on purpose-driven teams in the money, health, and work verticals, and typically participates in the first financing round. Its limited partners include more than 500 founders and operators who provide hands-on guidance and contribute to the fund's capital. The model centers on founders helping founders, aiming to accelerate the next generation of entrepreneurs through a collaborative platform rather than a traditional fund structure.

The EBRD is an international financial institution founded in 1990 and headquartered in London that provides project financing and advisory services to support private sector development and transformation in emerging markets. It finances banks, industries, and businesses, supports new ventures and investments in existing companies, and helps privatize and restructure municipal services in publicly owned entities. Through its banking and treasury activities, it offers loans, equity and quasi-equity investments, guarantees, and equity funds for smaller enterprises, along with trade finance and loan syndication. It works with commercial partners to invest in private enterprises across sectors including energy, manufacturing, ICT, infrastructure, agribusiness, and real estate, across Europe, the Middle East and beyond, including a significant footprint in Central and Eastern Europe, the Baltics, and the Caucasus. It provides policy reform dialogue and advisory services to support market modernization, governance, and reform. It has invested over €130 billion in more than 5,000 projects.

Liquid 2 Ventures is a San Francisco, California-based venture capital firm that provides seed-stage and early-stage investments to technology startups. Founded in 2015 by Joe Montana, Mike Miller, and Michael Ma, the firm focuses on technology companies across software, telecommunications, media, and other TMT sectors, offering early funding and strategic guidance to its portfolio companies.

State Auto is a Columbus, Ohio based insurer founded in 1921 to address inequities in the insurance industry and to support independent agents. It provides personal and commercial insurance products through independent agencies and wholesale brokers, including personal auto, homeowners, condo renters, property, farm and ranch, and a range of commercial lines such as commercial auto, fire and allied, general liability, and workers' compensation, with investment operations serving affiliated insurers. The company operates through Personal Insurance, Commercial Insurance, and Investment Operations segments. It also runs State Auto Labs, a venture arm that connects startups with capital and insurance expertise to advance transformative technologies in the industry. Headquartered in Columbus, State Auto emphasizes a long history of service to policyholders and a distribution model led by independent agents.

Singapore Life is a Singapore-based life insurance and financial services company that offers digital life insurance products and advisory-enabled protection solutions. It provides universal life solutions tailored for high-net-worth clients seeking wealth protection in Singapore's regulatory environment, and it serves retail customers through digital channels and financial advisers. The company uses InsurTech to improve the customer experience and aims to simplify the insurance purchase process. In addition to underwriting, Singapore Life operates as an insurance broker, offering policy quotes from multiple distributors and providing investment solutions and debit cards to help clients manage their financial well-being across life stages.

Seedcamp is a European seed-stage venture capital firm based in London that identifies and invests early in founders tackling large global markets with technology. It supports a community of more than 400 startups, including publicly listed UiPath and Wise and unicorns such as Revolut, Hopin, Sorare, Pleo and wefox, as well as fast-growing companies like Grover, viz.ai and Ezra. The firm accelerates founders by providing smart capital, a lifelong community, and a global network built on more than a decade of backing exceptional talent.

Advance Venture Partners is a California-based private equity and venture capital firm that targets technology, commerce and media companies, with a focus on software and consumer sectors. It pursues venture and growth investments, typically in early to growth stages, and provides active, hands-on support to help entrepreneurs scale. The firm invests about $10 million to $30 million per investment and maintains a strategic investor network through Advance Publications, a major media and technology company. Its portfolio has included Curology, Rent the Runway, Farfetch and Compass, among others.

Gradient Ventures is Google's AI-focused venture capital firm, founded in 2017 and based in Palo Alto, California. The firm backs seed- and early-stage startups in artificial intelligence and machine learning, providing capital and access to Google’s technical leadership and ecosystem. It supports founders in developing and scaling AI-enabled products by sharing best practices in recruiting, design, marketing, and engineering, and by connecting portfolio companies with Google resources to navigate early product challenges and drive practical AI applications across industries.

BlackFin Capital Partners is a Paris-based private equity and venture capital firm focused on financial services and technology companies across Europe. Founded in 2009, the firm pursues a sector-driven approach, investing across early-stage to growth opportunities and often taking majority or influential minority stakes. It targets fintech, insurtech, regtech, payments, and other financial services, as well as technology-enabled businesses. BlackFin concentrates on continental Europe, with a presence in major European markets and an emphasis on partnering with management teams to accelerate growth, improve margins, and build platform companies through organic expansion and buy-and-build strategies.

Concentric is a venture capital firm based in London with an office in Copenhagen that backs early‑stage European technology companies. It focuses on software‑driven businesses and also targets sectors including financial services, mobility, real estate, industrials and logistics. The firm typically invests €0.5 million to €5 million in equity over the life of an early‑stage growth company and leverages an activist venture approach, offering strategic support and a broad European network to portfolio companies.

Allianz X is the digital investment unit of Allianz Group, based in Munich, Germany. It makes late-stage investments in digital growth companies that are part of Allianz's insurance-related ecosystems, including mobility, connected property, connected health, wealth management and retirement, and data intelligence and cybersecurity. It serves as an interface between portfolio companies and Allianz's digital ecosystem and drives innovation across Allianz's operating entities and global lines of business, with a focus on insurtech and fintech sectors.

MS&AD Ventures is the corporate venture arm of MS&AD Insurance Group Holdings, based in Menlo Park, California. It invests in early-stage companies across sectors including property, insurance technology, ESG, health care, financial technology, and the future of transportation, seeking startups that leverage data and technology to advance the insurance and broader financial services ecosystems.

Right Side Capital Management is a San Francisco-based venture capital firm founded in 2010 that invests in early-stage technology startups. It specializes in pre-seed and seed rounds for capital-efficient companies, with a focus on the United States and Canada and occasional activity in Western Europe, Israel, Australia, and New Zealand. The firm typically makes 75 to 100 investments per year, with round sizes from 50,000 to 500,000 and pre-money valuations ranging from 1,000,000 to 3,500,000. Portfolio companies are typically located outside the San Francisco Bay Area and New York City, and the firm aims to provide a clear yes or no on opportunities within about two weeks.

Operator Partners is a venture capital firm headquartered in New York that invests in early-stage technology companies. Founded in 2020, the firm supports technology startups in their early development and growth phases.

Founded in 2018 and based in Oklahoma City, Cameron Ventures is a venture capital firm that makes early-stage investments from pre-seed to Series A, focusing on insurtech, fintech, and enterprise technology applications, including decentralized finance and related technology sectors.

Brand Foundry Ventures is a venture capital firm founded in 2014 and based in Austin, Texas. It concentrates on early-stage investments in the consumer and business sectors, backing startups as they grow from inception toward market traction. The firm operates as an investment adviser in the venture ecosystem, leveraging its experience to support portfolio companies with strategic guidance and industry connections.

Spark Capital is a venture capital firm founded in 2005 with offices in San Francisco, Boston, and New York City. It focuses on early-stage investments across technology-enabled sectors, supporting founders with flexible, founder-centric backing. The firm has backed high-profile consumer and software companies such as Twitter, Discord, Oculus, Warby Parker, Tumblr, Niantic, and Anthropic, reflecting a tendency toward ambitious products and teams that reshape consumer, media, and technology markets.

Khosla Ventures is a California-based venture capital firm founded in 2004 by Vinod Khosla. The firm backs entrepreneurs with venture assistance, strategic guidance, and capital, focusing on bold, early-stage technology companies. It invests across sectors including AI, climate and sustainability, enterprise software, consumer technologies, fintech, digital health, medtech and diagnostics, therapeutics, and frontier technologies. Based in Menlo Park, the firm manages several funds to support startups across stages, prioritizing ventures that address large markets and have potential for significant social and economic impact.

Susa Ventures is a San Francisco-based early-stage venture capital firm founded in 2013. It invests in technology companies across sectors such as enterprise software, fintech, healthcare, logistics, infrastructure, developer tools, and data-focused platforms, with an emphasis on seed and early rounds. The firm targets software, data analytics, SaaS, and tools companies that can generate network effects and become market makers in data-rich industries. Through its portfolio activity, Susa frequently supports companies in health, banking, commerce, and education, and maintains a U.S. presence with offices in San Francisco and additional outposts in Los Angeles and New York. Susa seeks to partner with founders aiming to scale rapidly, offering early backing and strategic guidance to accelerate product development, go-to-market, and growth.

Maschmeyer Group Ventures is a San Francisco-based venture capital firm founded in 2017 that focuses on technology sector investments in the United States, primarily seed and early-stage opportunities. It often co-invests alongside a lead investor and typically supports rounds up to $0.5 million.

Andreessen Horowitz is a venture capital firm based in Menlo Park, California. Founded in 2009 by Marc Andreessen and Ben Horowitz, it funds software and technology companies across seed to growth stages, with emphasis on web and mobile applications, cloud infrastructure, enterprise software, fintech, consumer Internet, artificial intelligence, and biotech-adjacent ventures. The firm focuses on technology-enabled businesses and provides strategic support and networks to portfolio companies.

Thrive Capital is a New York-based venture capital firm founded in 2009 that focuses on internet, software, and technology-enabled companies. It invests across stages in software, internet, and tech-enabled sectors and supports portfolio companies with capital and strategic guidance to help them scale in dynamic markets.

Dash Fund is a San Francisco-based venture capital firm founded in 2020 that concentrates on investing in fintech startups, with a focus on backing category-defining finance technology companies and founders.

Cross Creek Advisors is a venture capital firm founded in 2006 and based in Salt Lake City, Utah. It invests in venture-backed companies and venture funds, operates as a registered investment adviser, and engages in direct investments as well as fund-of-funds activity. The firm pursues late-stage opportunities across information technology, financial technology, internet, consumer, life sciences, and healthcare sectors, and is known to co-invest as a cross-over investor. Typical direct investment sizes are in the low millions, including investments in North American venture funds as part of its fund-of-funds strategy.