The insurance industry is getting a long overdue tech update, and venture capital is helping to make it happen. Startups are rethinking everything from how claims are processed to the very nature of coverage itself. Firms like Plug and Play have backed over 2,200 companies, while others like Notion Capital have made more than 250 investments. Finding the right partner is crucial, so we've gathered the most active firms in the space.
Below is our list of the best 51 InsurTech VC firms.
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Buy It For $97 $297 →Plug and Play operates a global innovation platform and accelerator, connecting early-stage startups with corporations and investors across a multitude of industries. They help these new ventures scale by fostering strategic partnerships and have backed successful companies like Honey, Truebill, and Life360.
| Headquarters | Sunnyvale, California, United States |
| Year Founded | 2006 |
| Founders | Ali Safavi, Jackie Hernandez, Jojo Flores, Saeed Amidi |
| Total Funding | $45.5M |
| Average Check Size | $250k |
| Industries | DTC, Enterprise, Fintech, Food & Beverage, Healthcare, InsurTech, IoT, Media, Transportation, Hardware, Proptech & Real Estate, Supply Chain & Logistics, Climate & Sustainability, Travel & Hospitality, Agriculture, Energy |
| Investment Stage | Early Stage, Non Equity Assistance, Private Equity, Seed, Series A, Series B, Series C |
| Nº of Investments | 2273 (259 as Lead Investor) |
| Nº of Exits | 206 (11 IPO'd) |
| Top Portfolio Startups | Truebill, Honey, Life360 |
| Contact | press@pnptc.com / +1 408-524-1400 |
Run by seasoned entrepreneurs who have built unicorns, Canary is a Brazilian venture firm backing early-stage tech companies across Latin America. They offer founder-to-founder guidance and have helped build regional successes like Docket, Trybe, and Gupy.
| Headquarters | São Paulo, Sao Paulo, Brazil |
| Year Founded | 2016 |
| Founders | Florian Hagenbuch, Julio Vasconcellos, Marcos de Toledo Leite, Mate Pencz, Patrick de Picciotto |
| Total Funding | $3B |
| Average Check Size | $15M |
| Industries | Education, Fintech, Entertainment, Healthcare, Marketplace, Proptech & Real Estate, SaaS, InsurTech, Transportation, Legal, Agriculture, Marketing, Human Resources |
| Investment Stage | Early Stage, Late Stage, Seed, Series A |
| Nº of Investments | 238 (111 as Lead Investor) |
| Nº of Exits | 16 |
| Top Portfolio Startups | Docket, Trybe, Gupy |
| Contact | info@canary.com.br |
Drawing on its own entrepreneurial roots, Notion Capital backs early-stage European businesses in the SaaS and cloud computing markets. The firm partners with founders from the seed stage, providing the capital and support needed to help them build globally successful companies.
| Headquarters | London, England, United Kingdom |
| Year Founded | 2009 |
| Founders | Ben White, Chris Tottman, Ian Milbourn, Jos White, Stephen Chandler |
| Total Funding | £275M |
| Average Check Size | £20M |
| Industries | SaaS, Cloud, Developer Tools, Devops, API, Deep Tech & Hard Science, AI & ML, Creator Economy, Fintech, InsurTech |
| Investment Stage | Early Stage, Seed |
| Nº of Investments | 260 (85 as Lead Investor) |
| Nº of Exits | 35 (1 IPO'd) |
| Top Portfolio Startups | Cledara, Stable, Cyscale |
| Contact | info@notion.vc / +44 8454989393 |
IQ Capital invests in European deep tech founders at the early stages, backing teams that are turning scientific breakthroughs into global businesses. Since 2005, they have supported more than 100 ambitious teams across Europe, helping them build enduring companies in fields like AI, cybersecurity, and big data.
| Headquarters | London, England, United Kingdom |
| Year Founded | 2005 |
| Founders | Ed Stacey, Kerry Baldwin, Max Bautin |
| Total Funding | £125M |
| Average Check Size | £10M |
| Industries | AI & ML, IoT, Cybersecurity, Big Data & Analytics, Fintech, InsurTech, Healthcare, SaaS, Marketplace |
| Investment Stage | Early Stage, Seed, Series A, Growth |
| Nº of Investments | 169 (54 as Lead Investor) |
| Nº of Exits | 19 (2 IPO'd) |
| Top Portfolio Startups | Optellum, Boltzbit, Secretarium |
| Contact | hello@iqcapital.vc / +44 (0) 1223 345 616 |
Ventures Platform is a discovery fund that invests early in mission-driven founders building capital-efficient platforms to improve livelihoods across Africa. Their portfolio supports companies that democratize prosperity and plug infrastructural gaps, and includes the fintech platform Paystack.
| Headquarters | Victoria, Prince Edward Island, Canada |
| Year Founded | 2016 |
| Founders | Kola Aina |
| Total Funding | $40M |
| Average Check Size | $100k |
| Industries | InsurTech, Life Sciences, Enterprise, SaaS, Food & Beverage, Education, Infrastructure, Agriculture, Fintech, Healthcare |
| Investment Stage | Early Stage, Seed, Pre-Seed, Series A |
| Nº of Investments | 117 (33 as Lead Investor) |
| Nº of Exits | 6 |
| Top Portfolio Startups | Bata, Gradely, Paystack |
| Contact | hello@venturesplatform.com / +2349088743072 |
As a leading investment manager in the Middle East and North Africa, Shorooq Partners backs technology companies through venture capital and private credit funds. They act as company builders for founders in sectors like Fintech, Software, and Web3.0, with a portfolio that includes market leaders like Tamara and Pure Harvest Smart Farms.
| Headquarters | Abu Dhabi, Abu Dhabi, United Arab Emirates |
| Year Founded | 2017 |
| Founders | Mahmoud Adi, Shane (You Keun) Shin, Tamer Azer, Tarek Fouad |
| Total Funding | $200M |
| Industries | Healthcare, InsurTech, Marketplace, Big Data & Analytics, Supply Chain & Logistics, Fintech, Future of Work, AI & ML |
| Investment Stage | Convertible Note, Debt, Early Stage, Late Stage, Seed, Pre-Seed, Series A |
| Nº of Investments | 138 (69 as Lead Investor) |
| Nº of Exits | 7 |
| Top Portfolio Startups | Tamara, ZenLedger, Colabs |
| Contact | hello@shorooq.com / +971 02 671 1127 |
Breega backs early-stage founders across Europe and Africa who are rewriting the rules in Digital, Climate, and Deep Tech. More than just investors, their team of former entrepreneurs provides hands-on support in hiring, sales, and strategy to a portfolio that includes Exotec and Moneybox.
| Headquarters | Paris, Ile-de-France, France |
| Year Founded | 2013 |
| Founders | Ben Marrel, Francois Paulus, Maximilien Bacot |
| Total Funding | €465M |
| Average Check Size | €15M |
| Industries | Advertising, Agriculture, Consumer, Cybersecurity, Fintech, Hardware, Healthcare, IoT, Human Resources, InsurTech, Supply Chain & Logistics, Marketing, Productivity, Mobility, Proptech & Real Estate, Quantum Computing |
| Investment Stage | Convertible Note, Early Stage, Seed, Series A |
| Nº of Investments | 134 (97 as Lead Investor) |
| Nº of Exits | 17 |
| Top Portfolio Startups | WayKonect, Ponicode, Lylo |
| Contact | com@breega.com / +33 7 67 41 36 24 |
Capnamic backs early-stage tech companies across Europe, with a focus on sectors like enterprise software and fintech. The firm connects its portfolio companies to a network of institutional and corporate investors, creating unique opportunities for mentorship and customer acquisition.
| Headquarters | Cologne, Nordrhein-Westfalen, Germany |
| Year Founded | 2012 |
| Founders | André Christ, Christian Siegele, Jorg Binnenbrucker, Jörg Beyer |
| Total Funding | €305M |
| Average Check Size | €4M |
| Industries | Enterprise, SaaS, Robotics, Proptech & Real Estate, Mobility, Marketplace, Supply Chain & Logistics, InsurTech, Human Resources, Fintech, Education, Big Data & Analytics, Advertising |
| Investment Stage | Early Stage, Late Stage, Seed, Pre-Seed, Series A |
| Nº of Investments | 132 (55 as Lead Investor) |
| Nº of Exits | 19 |
| Top Portfolio Startups | Static, Lana, Travador |
| Contact | info@capnamic.com / +49-221-67781930 |
Commerce Ventures funds early and late-stage startups in fintech, retail, and insurance, drawing on a unique investor base of entrepreneurs and corporate executives. Beyond capital, they help portfolio companies like Updater and Shop Talk scale by providing direct access to this strategic network for guidance and partnerships.
| Headquarters | San Francisco, California, United States |
| Year Founded | 2012 |
| Founders | Dan Rosen, Daniel Rosen |
| Industries | Fintech, Consumer, InsurTech, Retailtech |
| Investment Stage | Early Stage, Late Stage, Seed, Series A |
| Nº of Investments | 210 (17 as Lead Investor) |
| Nº of Exits | 22 (3 IPO'd) |
| Top Portfolio Startups | Updater, Saving Star, Shop Talk |
| Contact | info@commercevc.com / (415) 233-8752 |
As Europe's consumer-only VC, Heartcore Capital partners with early-stage founders to build category-defining brands. Their portfolio includes some of the continent's most successful companies, such as Tink, Neo4j, and TravelPerk.
| Headquarters | Copenhagen, Hovedstaden, Denmark |
| Year Founded | 2007 |
| Founders | Christian Jepsen, Jimmy Nielsen |
| Average Check Size | €6M |
| Industries | Travel & Hospitality, Education, Entertainment, Food & Beverage, Health & Wellness, Productivity, Consumer, Gaming, InsurTech, Energy |
| Investment Stage | Early Stage, Late Stage, Seed, Pre-Seed, Series A |
| Nº of Investments | 217 (60 as Lead Investor) |
| Nº of Exits | 25 (2 IPO'd) |
| Top Portfolio Startups | Reddit, Insight, Werlabs |
41 Additional InsurTech VC Firms Worth Pitching
The firms we've highlighted are some of the best, but they're far from the only ones. Plenty of other investors are actively funding founders who are changing the insurance industry.
Combined, the VCs listed here have backed over 7,000 startups and helped more than 900 of them reach an exit. Here’s a look at the other venture capital firms funding what's next in InsurTech.