Ia capital organization, an insurtech-focused challenge capital company, said it has raised $one hundred fifty million across 3 price range.
The three price range are inter-atlantic stonybrook insurtech ventures, focusing on assets/casualty insurtech; inter-atlantic g fund, that specialize in life/annuity/retirement insurtech; and inter-atlantic ivy, specializing in later-stage possibilities in insurtech and fintech.
The firm oversees venture capital investments on behalf of a spread of establishments together with 13 insurers which have a strategic interest in insurtech. Those 13 coverage corporations are in assets/casualty, life, loan, and economic warranty.
The three new price range represent the firm’s sixth, 7th and 8th funding automobiles. Its portfolio of companies it has invested in includes snapsheet, clearcover, hamilton coverage, wealthie and sure.
Ia capital said it limits its funding activities to north american post-revenue agencies, with a choice for collection a, b, and c funding rounds. On occasion, the company launches and incubates its personal startup business enterprise, because it did with raise coverage.
The firm’s principals also oversee homeowners of the usa keeping corp., a texas-based belongings insurer that wrote over $160 million of charges in 2018.
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