Top 51 InsurTech Venture Capital Firms (2026)

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.

Failory's Top 10 Picks

1. Plug and Play

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.

2. Canary

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.

3. Notion Capital

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.

4. IQ Capital

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.

5. Ventures Platform

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.

6. Shorooq Partners

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.

7. BREEGA

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.

8. Capnamic

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.

9. Commerce Ventures

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.

10. Heartcore Capital

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.

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.

VC Firm	Country	Year Founded	Nº Investments	Nº Exits
Seedcamp	United Kingdom	2007	644	77
Viola Ventures	Israel	2000	284	57
Union Square Ventures	United States	2003	487	66
Global Founders Capital	Germany	2013	1008	116
Inventure	Finland	2005	162	21
CommerzVentures	Germany	2014	62	7
F2 Venture Capital	Israel	2016	64	9
VentureSouq	United Arab Emirates	2013	165	14
Serena	France	2008	148	23
Core Innovation Capital	United States	2009	104	21
Axeleo Capital	France	2017	95	16
Coral Capital	Japan	2019	79	3
Novastar Ventures	Kenya	2014	58	2
Luminar Ventures	Sweden	2017	59	2
Fly Ventures	Germany	2016	93	9
Partech	France	1982	602	111
Panache Ventures	Canada	2017	133	11
Finch Capital	The Netherlands	2013	73	15
AltaIR Capital	United States	2005	361	35
4Di Capital	South Africa	2009	36	2
byFounders	Denmark	2017	86	8
TLcom Capital Partners	United Kingdom	1999	59	9
Geodesic Capital	United States	2015	82	15
Alma Mundi Ventures	Spain	2015	104	9
Practica Capital	Lithuania	2011	104	4
Cortado Ventures	United States	2020	57	1
Eos Venture Partners	United Kingdom	2016	37	3
Spero Ventures	United States	2018	56	4
Project A Ventures	Germany	2012	226	33
Force Over Mass Capital	United Kingdom	2013	168	18
CHECK24 Ventures	Germany	2016	7	3
Global Ventures	United Arab Emirates	2018	90	3
Arbor Ventures	Singapore	2013	70	12
Chicago Ventures	United States	2012	170	34
Tuesday Capital	United States	2011	320	110
Hiventures	Hungary	1999	744	7
Allianz X	Germany	2013	50	9
Cleo Capital	United States	2018	28	6
Magma Partners	United States	2014	127	6
Western Technology Investment	United States	1980	408	152
Fidelity International Strategic Ventures	United Kingdom	2018	33	5