MTech Capital Research
Investment Thesis
MTech Capital is a vertically focused insurtech venture firm. Its stated focus is insurance and financial services broadly, with an emphasis on applying AI to improve the customer experience or employee productivity. Founders pitch it as a firm with deep industry access: it was capitalized in 2018-19 by strategic investors that include some of the world's largest insurers, brokers and asset managers, and it uses that network for introductions, sales support, market intelligence and partnership scouting. Portfolio CEOs consistently cite insurance-specific board help as the differentiator.
Sector Focus
The site lists six areas of interest:
- Insurance (distribution, MGAs and full-stack insurers, claims, underwriting)
- Asset management and wealth tools
- Health and wellness
- Employee benefits
- Retirement savings
- Enterprise software
The portfolio filter groups companies as insurtech distribution, MGAs and full-stack insurers, enterprise SaaS, applied AI/ML, wealth and asset management, and HR and employee benefits. Recent additions skew toward AI infrastructure for insurance workflows (Adapt, Covr, Qumis, Sonant, Assured, Finovox, Pasito).
Stage Focus
MTech invests primarily at the early stage and makes exceptions for the right opportunity. The portfolio page labels initial investments as Seed, Early Stage or Growth. Growth entries include Openly, Unqork, Akur8 and Assured. It also runs a small "seed program" (iRYS, Monitaur, Pendella, Stere).
Check Size
The website does not state check sizes. No figure is asserted here; the first fund was reported at a $75M first close in July 2018 with a $150M target (FinSMEs, FinTech Global). A second vehicle, MTech Finance II LLC, is referenced in the site's regulatory disclosure.
Lead Tendency
Mixed, with leads on recent seeds. MTech led the seed financing for Covr Global (alongside B Capital, per its LinkedIn post) and led Qumis's $4.3M seed (reported Feb 2026). It is often involved at board level, with partners holding board seats at many portfolio companies.
Recent Activity
Initial investments dated 2025-2026 on the portfolio page: Adapt (2026), Finovox (2026), Pasito (2026), Recover (2026), Stack (2026), Synthex (2026), Assured (2025), Covr (2025), Curvestone (2025), Develop Health (2025), Sonant (2025). A third-party tracker lists a $21M Series A in Pasito in February 2026. The firm appears to be actively deploying.
Portfolio Highlights
- Corvus (cyber MGA), acquired by Travelers for about $435M, announced November 2023 and closed January 2024
- Bold Penguin and Plum Life carry "Acquired" tags on the portfolio page
- Openly, Unqork, Akur8, CyberCube, Embroker, Insurify, Matic, Inshur, Peppy and Napo are other well-known names
Team
- Brian McLoughlin, Partner and Co-Founder (Santa Monica): co-founded MTech in 2018; 14 years as a partner at Upfront Ventures investing in fintech and insurtech; former CFO of a VC-backed fintech; boards at Embroker, Inshur, Integriant, Matic, OCHO, Openly, Polly, Voxel and Zuub.
- Kevin McLoughlin, Partner and Co-Founder (London): former Global Head of Insurance Investment Banking at BofA Merrill Lynch and at Citigroup; 7 years as an executive at AIG; boards at Akur8, Corvus, CyberCube, Hypatos, Insurify, Napo, Peppy, Plum Life, Rest Less and Thinksurance.
- Nick Bendell, Principal (Santa Monica): joined 2019; ex-L.E.K. Consulting; Harvard.
- Jack Prescott, Principal (London): joined 2019; ex-CIL Management Consultants; Oxford.
Decision Process
Two co-founding partners with two principals; decisions appear to be partnership-led. The site does not describe a formal committee or timeline. Warm introductions are likely useful given the network-driven model, but this is not stated.
Founder Preferences
Founders solving hard problems in insurance and financial services, ideally with an AI angle and a route into carriers, brokers or agents. Testimonials emphasize responsiveness, candid feedback and industry back-channel help.
Geographic Focus
Global, with a focus on North America and Europe. Offices in Santa Monica (US) and London (UK). Portfolio HQs span the US, UK, France, Germany.