15 Top Insurtech VCs Active Right Now
If you're an InsurTech founder seeking capital, this list is for you. We've identified 15 VCs that are currently making deals in your sector.
Rho Editorial Team
When preparing to raise capital for your insurance technology startup, knowing which investors understand the specifics of the InsurTech space is crucial. Pitching to the right venture capital firms saves you time and increases your chances of finding a partner who can provide more than just money.
To help you focus your fundraising efforts, our team at Rho curated this overview of the top VC firms funding InsurTech companies. Use this guide to quickly understand the key players before or during your fundraising process.
Rho provides access to business banking, corporate cards, and bill pay—built for startup teams moving quickly. Once you secure funding, our integrated financial tools help you manage and deploy that capital efficiently.
Key Takeaways
- Securing venture funding provides the capital to scale your operations and validates your business model within the competitive InsurTech industry.
- Top venture capital firms like Bessemer Venture Partners, XYZ Venture Capital, Munich Re Ventures, and Elefund are notable backers of companies in the InsurTech sector.
- If you are raising or have just closed a round, Rho helps you manage your new capital with integrated business banking, corporate cards, and bill pay tools.
Which VC Firms in InsurTech Are Right for Your Stage?
Whether your company is in its early stages or preparing for an exit, knowing which investors to approach makes a difference. We've organized this overview to show you which VC firms invest in InsurTech companies at each stage.
Pre-seed and Seed VC Firms in InsurTech
Pre-seed and seed funding is the initial capital used to refine your business idea, build a minimum viable product, and make your first key hires. For InsurTech founders at this stage, firms like XYZ Ventures, Elefund, and Nine Four Ventures are active investors.
Early Stage VC Firms in InsurTech
Early-stage funding, typically Series A and B, is for companies with a proven product and initial traction that need capital to scale their team and accelerate growth. Some early-stage venture capital firms with a history in financial technology include Brewer Lane Ventures, PJC, and Core Innovation Capital.
Once funding is secured, our integrated financial tools at Rho—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.
Late Stage VC Firms in InsurTech
Late-stage funding supports established companies aiming for significant market expansion, preparing for an exit, or moving toward an initial public offering (IPO). Notable late-stage VC firms that invest in the sector include Bessemer Venture Partners and Pivot Investment Partners.
Keep in mind that many venture capital firms invest across multiple stages, from seed to growth.
To help you identify the right partners, we've compiled an overview of top VC firms active in the InsurTech space, highlighting their investment stages, geographical focus, and what makes each firm distinct.
1. Bessemer Venture Partners
Bessemer Venture Partners is one of the oldest venture capital firms, investing in companies from their early stages through to growth rounds. They focus on enterprise, consumer, and healthcare technology, including the InsurTech sector.
The firm is known for its multi-stage investment strategy and a portfolio that includes major technology companies like Shopify, LinkedIn, and Twilio. This track record suggests a focus on backing businesses with the potential to become market leaders.
Bessemer could be a strong partner if you are building a category-defining company and want an investor who can provide support across multiple funding stages. Their broad industry focus suits founders with ambitious, scalable business models.
- Investment stages: Early Stage Venture, Late Stage Venture
- Industries of focus: Enterprise, consumer, healthcare, FinTech, and InsurTech
- Geographical presence: San Francisco, California
- Founded year: 1911
- Notable portfolio companies: Twilio, Shopify, Pinterest, and LinkedIn
- Number of investments: Over 1,470
You can refer to their website here.
2. XYZ Venture Capital
XYZ Venture Capital is an early-stage firm that supports founders building companies in the fintech and InsurTech industries. They invest from the seed stage onward, providing capital and guidance to help startups grow.
The firm’s portfolio includes several high-growth companies that have reached “unicorn” status, such as defense technology company Anduril and security platform Verkada. This signals a focus on backing businesses with the potential to become major players in their respective markets.
XYZ may be a good match for early-stage founders in fintech or InsurTech who are aiming to build a category-defining company. Their investment history suggests they are a long-term partner for ambitious teams.
Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.
- Investment stages: Seed, Early Stage Venture, Late Stage Venture
- Industries of focus: FinTech, InsurTech, Financial Services
- Geographical presence: San Francisco, California
- Founded year: 2017
- Notable portfolio companies: Anduril, Verkada, Mosaic, and Gecko Robotics
- Number of investments: 111
You can refer to their website here.
3. Munich Re Ventures
Munich Re Ventures is the strategic venture capital arm of Munich Re, one of the world's leading reinsurers. The firm invests in early-stage companies developing new technologies to address challenges in the risk market.
As a corporate venture firm, they provide startups with capital and access to deep industry expertise from their parent company. Their portfolio features several successful InsurTech companies, including Hippo and At-Bay, signaling a strong track record in the sector.
This firm is a compelling choice for founders building technology-driven solutions in insurance and risk management. If you are looking for a strategic partner with deep industry connections, Munich Re Ventures can offer more than just funding.
- Investment stages: Seed, Early Stage Venture, Late Stage Venture
- Industries of focus: InsurTech, Financial Services, Finance
- Geographical presence: San Francisco, California
- Founded year: 2014
- Notable portfolio companies: Next Insurance, Hippo, ACKO, and At-Bay
- Number of investments: 89
You can refer to their website here.
4. Elefund
Elefund is a thesis-driven, micro-VC firm that invests in early-stage technology companies. They focus on providing initial capital to help founders get their ideas off the ground.
The firm is known for backing several companies that went on to become unicorns, including the InsurTech company Branch Insurance and the fintech platform Robinhood. This track record indicates a focus on businesses with high-growth potential and the ability to define a new market category.
Elefund could be a good partner for founders at the earliest stages who have a clear vision for building a large, scalable company. Their history suggests they are comfortable with ambitious ideas in sectors like FinTech and InsurTech.
Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.
- Investment stages: Seed, Early Stage Venture, Convertible Note
- Industries of focus: InsurTech, FinTech, Financial Services, Mobile Apps
- Geographical presence: Mountain View, California
- Founded year: 2015
- Notable portfolio companies: Branch Insurance, Robinhood, Calm, and Carta
- Number of investments: 57
You can refer to their website here.
5. IA Capital Group
IA Capital Group is an investment firm that makes venture and growth capital investments exclusively in InsurTech and FinTech companies. They support businesses across multiple stages, from initial seed funding to later growth rounds.
The firm is distinguished by its tight focus on the insurance and financial technology sectors. Their portfolio includes several companies that have reached unicorn status and gone public, such as SoFi and Marqeta, signaling a focus on backing businesses with high-growth potential.
IA Capital Group could be a strong partner for founders in the InsurTech or FinTech space who are building a company with ambitions for a large-scale exit. Their history suggests they are experienced in guiding companies toward major milestones like an IPO.
- Investment stages: Seed, Early Stage Venture, Late Stage Venture
- Industries of focus: FinTech, InsurTech, Financial Services
- Geographical presence: New York, New York
- Founded year: 1992
- Notable portfolio companies: SoFi, Marqeta, Clearcover, and Kin Insurance
- Number of investments: 83
You can refer to their website here.
6. Core Innovation Capital
Core Innovation Capital is a venture capital firm that invests in companies building financial technology for small businesses and consumers. They are active in the FinTech and InsurTech sectors, backing founders from the seed stage through later growth rounds.
The firm has a history of backing companies that achieve significant outcomes, including the IPO of NerdWallet and acquisitions of Coverhound and Bestow. This track record points to their ability to identify and support businesses with strong market potential.
Core Innovation Capital is a good fit for founders in FinTech or InsurTech who are building for a large-scale exit. Their experience guiding companies toward IPOs and acquisitions makes them a valuable partner for ambitious teams.
Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.
- Investment stages: Seed, Early Stage Venture, Late Stage Venture
- Industries of focus: Financial Services, FinTech, InsurTech
- Geographical presence: San Francisco, California
- Founded year: 2010
- Notable portfolio companies: NerdWallet, Ripple, Coverhound, and Bestow
- Number of investments: 96
You can refer to their website here.
7. Propel
Propel invests in companies building the future of finance, with a focus on the FinTech and InsurTech sectors. The firm supports founders from the seed stage through later growth rounds, providing capital to scale their businesses.
The firm’s focus is on the "new financial economy," backing companies that have achieved significant scale, including public companies like Coinbase and Hippo. Their portfolio highlights companies generating substantial revenue, indicating a preference for businesses with strong market traction and clear paths to profitability.
Propel is a good match for founders building technology-driven companies in finance or insurance with ambitions for a large-scale exit. Their track record with companies like Coinbase and DocuSign suggests they are an experienced partner for teams aiming to build market-defining businesses.
- Investment stages: Seed, Early Stage Venture, Late Stage Venture
- Industries of focus: FinTech, InsurTech, Financial Services, Cryptocurrency, Web3
- Geographical presence: San Francisco, California
- Founded year: 2016
- Notable portfolio companies: Coinbase, DocuSign, Hippo, Groww, and Neon
- Number of investments: 62
You can refer to their website here.
8. Commerce Ventures
Commerce Ventures is a venture capital firm that invests in companies building the infrastructure for commerce. Their focus areas include e-commerce, retail technology, FinTech, and insurance.
The firm has a strong record of backing companies that become foundational platforms in their industries, such as Bill.com and Socure. Their portfolio also includes successful exits like the acquisition of InAuth by American Express, showing their experience in guiding companies to significant outcomes.
This firm is a good match for founders developing technology for the commerce, payments, or insurance sectors. If you are building a platform with the potential for a large-scale exit, their history suggests they are a valuable partner.
- Investment stages: Seed, Early Stage Venture, Late Stage Venture
- Industries of focus: E-Commerce, Retail Technology, FinTech, InsurTech
- Geographical presence: San Francisco, California
- Founded year: 2012
- Notable portfolio companies: Bill.com, Forter, Socure, and Vestwell
- Number of investments: 194
You can refer to their website here.
9. Avanta Ventures
Avanta Ventures is a venture capital firm that invests in the InsurTech sector, providing startups with capital, resources, and deep industry expertise. They support companies building new technologies for the insurance market.
The firm invests across a wide range of stages, from seed to private equity, and also functions as an accelerator. Their portfolio includes the homeowners-insurtech company Kin Insurance, which reached a billion-dollar valuation, and they had a successful exit with the acquisition of Automatic.
Avanta Ventures is a good match for founders in the InsurTech space who are looking for a strategic partner with deep insurance industry knowledge. Their ability to invest across multiple stages makes them a potential long-term backer for ambitious teams.
Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.
- Investment stages: Seed, Early Stage Venture, Late Stage Venture, Private Equity, Convertible Note
- Industries of focus: InsurTech, Financial Services, Insurance
- Geographical presence: Palo Alto, California
- Founded year: 2017
- Notable portfolio companies: Kin Insurance, RapidSOS, CAPE Analytics, Cowbell Cyber
- Number of investments: 29
You can refer to their website here.
10. PJC
PJC is an early-stage venture capital firm that invests in enterprise, consumer, and artificial intelligence companies. They are active from the seed stage onward, backing founders in sectors including FinTech and InsurTech.
The firm has a strong history of successful exits, including the acquisition of Nest by Google and the IPO of Expensify. This track record highlights their focus on companies with the potential for significant market impact and large-scale outcomes.
PJC is a good fit for early-stage founders building technology with broad appeal in the consumer or enterprise markets. Their experience guiding companies to major acquisitions and public offerings makes them a valuable partner for ambitious teams.
Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.
- Investment stages: Seed, Early Stage Venture, Late Stage Venture
- Industries of focus: Enterprise, Consumer, Artificial Intelligence (AI), FinTech, InsurTech
- Geographical presence: Boston, Massachusetts
- Founded year: 2001
- Notable portfolio companies: Nest, Expensify, Nexamp, Evergage
- Number of investments: 133
You can refer to their website here.
11. Expansion Venture Capital
Expansion Venture Capital is a New York-based firm that provides investment and mentorship to companies from early to growth stages. The firm is known for backing several high-profile companies that achieved major exits, including the InsurTech platform Lemonade and the fintech unicorn Carta.
This track record signals a focus on businesses with the potential to become market leaders and achieve significant scale. Expansion Venture Capital is a good fit for founders with ambitious, scalable business models aiming for a large exit, such as an IPO.
Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.
- Investment stages: Seed, Early Stage Venture, Late Stage Venture
- Industries of focus: Automotive, Consumer, Enterprise, FinTech, InsurTech, Real Estate, Robotics
- Geographical presence: New York, New York
- Founded year: 2010
- Notable portfolio companies: Lemonade, Turo, Carta, Allbirds
- Number of investments: 128
You can refer to their website here.
12. Innovating Capital
Innovating Capital is a technology fund that invests in companies across the financial, cybersecurity, insurance, and life sciences sectors. They support businesses from their earliest stages through to later growth rounds.
The firm is notable for its investments in foundational technology platforms, including several unicorns and publicly traded companies like Chainlink, Solana, and Cohesity. This portfolio suggests a focus on businesses building core infrastructure for emerging technology sectors.
Innovating Capital may be a good partner for founders building highly technical companies with the potential to become industry infrastructure. Their broad investment mandate suits teams that need a long-term backer across multiple funding stages.
Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.
- Investment stages: Seed, Early Stage Venture, Late Stage Venture, Private Equity, Convertible Note
- Industries of focus: FinTech, InsurTech, Cyber Security, Life Science, Enterprise Software
- Geographical presence: New York, New York
- Founded year: 2017
- Notable portfolio companies: Chainlink, Cohesity, Uniswap, Solana, Sana Biotechnology
- Number of investments: 32
You can refer to their website here.
13. Pivot Investment Partners
Pivot Investment Partners is a New York-based, operator-led firm that invests in early-growth B2B companies within the FinTech and InsurTech sectors. They provide capital and support to businesses that are ready to scale.
The firm’s operator-led model provides founders with guidance from a team with direct industry experience. Their portfolio includes a successful exit with the BoldPenguin acquisition and unicorns like Gusto, signaling a focus on businesses with strong market potential.
Pivot could be a strong partner if you are a founder of a B2B FinTech or InsurTech company that is past the initial seed phase. They are a good choice for teams seeking investors who understand the path to building a large, valuable company.
- Investment stages: Early Stage Venture, Late Stage Venture
- Industries of focus: FinTech, InsurTech, Financial Services, Payments, AI
- Geographical presence: New York, New York
- Founded year: 2014
- Notable portfolio companies: Gusto, Cowbell Cyber, Snapsheet, iCapital Network
- Number of investments: 62
- Team background: Operator-led firm
You can refer to their website here.
14. Brewer Lane Ventures
Brewer Lane Ventures invests in early-stage companies working within the insurance, wealth management, banking, and lending sectors. The firm provides capital to founders who are building new technologies for the financial services industry.
The firm's portfolio includes companies that have gained significant recognition, such as the cyber-insurance unicorn Cowbell and Ansel Health, whose product was named a “World Changing Idea” by Fast Company. This highlights a focus on backing businesses with strong product-market fit and the potential for industry-wide adoption.
Brewer Lane Ventures is a good fit for early-stage founders in FinTech or InsurTech who are creating targeted solutions for specific industry problems. Their portfolio suggests they value companies that can partner with or sell to large enterprises.
Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.
- Investment stages: Early Stage Venture
- Industries of focus: InsurTech, FinTech, Financial Services, Finance
- Geographical presence: Boston, Massachusetts
- Founded year: 2019
- Notable portfolio companies: Cowbell, Empathy, Savvy Wealth, Ansel Health
- Number of investments: 29
You can refer to their website here.
15. Nine Four Ventures
Nine Four Ventures is an early-stage venture capital firm with a primary focus on PropTech. They invest in companies building technology for the real estate, construction, finance, and insurance industries.
The firm has a strong record of backing companies to major outcomes, including the IPO of SmartRent and unicorn valuations for both Built and AgentSync. This highlights their ability to support businesses with high-growth potential.
This firm is a good match for early-stage founders building technology where property, finance, and insurance intersect. Their portfolio suggests they are a valuable partner for companies aiming for significant scale.
Once funding is secured, Rho’s integrated financial tools — including business banking, corporate cards, and automated bill pay — help startups manage and deploy capital efficiently.
- Investment stages: Seed, Early Stage Venture
- Industries of focus: PropTech, InsurTech, FinTech, Real Estate, Construction
- Geographical presence: Chicago, Illinois
- Founded year: 2018
- Notable portfolio companies: SmartRent, Built, AgentSync
- Number of investments: 41
You can refer to their website here.
What This Tells Us About The VC Scene for InsurTech Companies
This overview shows that the InsurTech sector attracts a wide range of investors. You’ll find opportunities across all funding stages, from pre-seed to growth equity. This balance suggests a healthy market where both new ideas and scaling companies can find capital, rather than one heavily weighted toward a specific stage.
Geographically, investors are concentrated in hubs like the San Francisco Bay Area and New York, a practical point for your fundraising strategy. The variety of firms—from corporate VCs offering deep industry access to traditional funds—gives you options for finding a partner that aligns with your company’s needs.
Once funding is secured, Rho’s integrated financial tools—including business banking, corporate cards, and automated bill pay—help startups manage and deploy capital efficiently.
Raise Confidently with Rho
Fundraising requires significant time and focus, so approaching the right investors is critical. We hope this overview helps you concentrate your efforts on the firms that best align with your InsurTech company.
If you’ve just raised, Rho can help you set up your financial stack in minutes. Our goal is to get your financial operations running smoothly so you can focus on building your business.
Our platform provides integrated business banking, corporate cards, and bill pay tools. These solutions are designed to help you manage your new capital with efficiency and control.
FAQs about Venture Capital Firms Focused on InsurTech
Are there InsurTech VC firms in the UK?
Yes, the UK, particularly London, is a key market for InsurTech investment. Firms like AlbionVC and Octopus Ventures are active in the sector, often backing companies building new technologies for the European insurance industry.
Which VC firms in Singapore invest in InsurTech?
Singapore's InsurTech scene is expanding, with both local and global VCs active. Firms often seek solutions tailored to the Southeast Asian market, addressing specific regional insurance needs and distribution channels.
How do I find early-stage VC firms for InsurTech?
To find early-stage investors, research firms with a stated focus on pre-seed or seed rounds in InsurTech. Networking at industry events and using databases that track VC investments can also help you identify the right potential partners.
Do AI venture capital firms fund InsurTech startups?
Absolutely. Many AI-focused VCs actively invest in InsurTech. They look for companies using artificial intelligence for underwriting, claims processing, and risk modeling. A clear application of AI is key to getting their attention.
How can Rho help after my startup raises venture capital?
After you raise capital, our platform helps you manage it effectively. Rho provides integrated business banking, corporate cards, and bill pay tools, giving you the financial control to focus on building your business.