F4 FundFund
TeamPortfolioRaiseChampionsEssays
Sign in

Data from F4 Fund's VC research database. Updated continuously.

All FirmsGet MatchedChampionsContactTermsPrivacy
  1. Find Investors
  2. /Insurance

Top Insurance Investors 2026

106 VC firms investing in insurance, ranked by portfolio depth and activity.

Updated October 5, 2026|Research by F4 Fund|Based on 2,227+ researched VC firms

Ranked by sector depth: the share of each firm's classified portfolio in this sector, its absolute count of investments here, and how recently it last invested. Firms need at least three portfolio companies in the sector to appear.

F4 Intelligence Brief
October 2026

F4 Fund tracks 106 VC firms that actively invest in insurance, with check sizes ranging from $1K – $5000M (median: $3M). As of October 2026, 89% of these firms lead or co-lead rounds. Rankings are based on F4's proprietary analysis of 2,227+ researched VC firms. Ranked by how much of each firm's portfolio is actually in this sector, and how recently it invested.

106
Active Firms
Meet quality criteria
$3M
Median Check
89%
Lead Rounds
Lead or co-lead
76
Avg Portfolio
Companies per firm
8
Avg Team
Investment professionals
25%
Warm Intro
Prefer warm intros
All StagesPre-Seed(60)

Insurance Investor Rankings

#FirmCheck SizePortfolioLeads?Last investedDecisionIntro
1
▶
Crystal Venture Partners

Back early-stage technology companies modernizing insurance, risk, and resilience, especially AI-enabled B2B infrastructure for underwriting, claims, brokerage, distribution, premium movement, financial operations, and risk-data workflows.

New York
$1M – $3M18Both
Jun 2026 · Active
~1 moReq'd
2
▶
Mundi Ventures

Mundi backs bold, purpose-driven founders building technology companies at the intersection of deep tech and critical global challenges. Core thesis: Europe has world-class talent and ecosystem but suffers from a scale-up funding gap at growth stages. Kembara fund (€750M) bridges this by providing Series B/C growth capital to European deep tech and climate champions.

Madrid
$1M – $40M54Leads
Sep 2026 · Active
~2 moOpen
3
▶
MS&AD Ventures

MS&AD Ventures partners with visionary entrepreneurs to create innovative solutions across insurance, financial services, healthcare, and sustainability. Backed by the 5th largest global insurance conglomerate, they bring capital plus global distribution across 47 countries. They move fast (2-week decisions), focus on partnerships over ownership, and help companies scale internationally.

Menlo Park
$500K – $5M110Both
Sep 2026 · Active
~2 wksOpen
4
▶
Portage Ventures

Portage invests in the most ambitious companies reshaping financial services globally — from consumer fintech and SMB tools to insurtech and financial infrastructure. As former founders and operators, the team takes a hands-on partnership approach, bringing not just capital but deep fintech expertise, commercial relationships with financial institution LPs (insurers, banks, credit unions), and in-house value creation resources (go-to-market, tech/cyber, M&A, partnerships).

Montreal
$2.5M – $15M62Leads
Jun 2026 · Active
N/AN/A
5
▶
Munich Re Ventures

Funding the future of risk for the human endeavor. Munich Re Ventures invests in technologies and business models tackling the biggest risks facing the world, operating at the intersection of technology, venture capital, and the insurance industry.

San Francisco
$500K – $10M63N/A
Apr 2026
~2 moReq'd
6
▶
BlackFin Capital Partners

BlackFin invests exclusively in financial services and fintech across Europe, combining sector-specific operational expertise with capital across two strategies: primary asset-light buyouts and early-growth venture investing in fintechs and insurtechs.

Paris
$3.3M – $33M25Leads
Jul 2026 · Active
~2 moOpen
7
▶
UC Impower

Back financially and operationally sustainable businesses that expand access to affordability, inclusion, and environmental sustainability for underserved Indian households and MSMEs, generating market-rate returns alongside measurable impact.

Bengaluru, India
$2M – $15M5Both
Aug 2026 · Active
N/AN/A
8
▶
QED Investors

Durable, successful financial services businesses are built on strong foundations of unit economics. We apply Capital One's data-driven approach to identifying and scaling fintech companies globally. With 250+ combined years of operational experience building, scaling, and exiting fintech companies, we provide hands-on advisory and strategic partnership beyond capital, serving as consigliere to our portfolio companies.

Alexandria
$3M – $20M128Leads
Sep 2026 · Active
~2 wksOpen
9
▶
Ribbit Capital
#18 · Top 100 · 2026

We back rebels who challenge the status quo and reshape financial systems through technology. The best fintech founders see structural inefficiencies before others and have the conviction to build something fundamentally better. We partner with them not just with capital, but with hands-on operational expertise, regulatory fluency, and deep financial services networks.

Palo Alto
$2M – $100M150Leads
~Oct 2026 · Active
~2 wksReq'd
10
▶
Nyca Partners

Financial services companies where technology is critical competitive advantage. Bridging gap between fintech startups and global financial institutions. Regulatory expertise, industry knowledge, and institutional network are essential for success.

New York
$1M – $15M117Leads
Aug 2026 · Active
~2 moOpen
11
▶
Clocktower Technology Ventures

Financial services represents the largest venture opportunity with disproportionately small VC allocation. We invest in companies reinventing financial services with operator teams combining domain expertise and execution excellence.

Santa Monica
$500K – $20M107Both
Aug 2026 · Active
~2 moOpen
12
▶
SixThirty

We invest at the intersection of health, wealth, and privacy. The next generation of financial infrastructure, healthcare, and data security solutions will emerge from early-stage startups addressing this convergence. We partner with founders and leverage corporate LP relationships for distribution and go-to-market.

St. Louis
$500K – $5M41Leads
Jun 2026 · Active
~1 moOpen
13
▶
FGV Capital

Fintech's intersection with AI, healthcare, commerce, and other industries, backed by an embedded growth, finance, and talent operating platform (formerly Fiat Growth) rather than capital alone.

New York
$1M – $1.5M40N/A
Aug 2026 · Active
N/AN/A
14
▶
Better Tomorrow Ventures

Financial technology will create a better tomorrow. We invest in experienced operators solving real fintech problems with deep domain expertise. We're an extension of your founding team, not just capital.

$500K – $4M62Leads
Jun 2026 · Active
~2 wksN/A
15
▶
Overlook Ventures

Risk underpins the largest markets in the world (insurance, credit, security, financial infrastructure, $20T+ in annual activity). AI and real-time data are forcing these markets to be rebuilt from first principles. Overlook invests early in the systems that measure, manage, and transfer risk, and the infrastructure enabling safe deployment of AI and autonomous systems.

San Francisco
$100K – $1M18Follows
Sep 2026 · Active
N/AOpen
16
▶
Peak XV Partners

Outlier founders and ideas shape the future of humanity. We back ambitious founders building category-defining companies that create significant impact while generating returns that support non-profit and educational causes.

Bangalore
$500K – $100M108Leads
Aug 2026 · Active
~2 wksOpen
17
▶
Distributed Ventures

Risk becomes opportunity when paired with the right capital. Distributed Ventures invests in early-stage companies transforming health, insurance, and wealth through technology, partnering with founders to provide not just capital but strategic guidance, distribution channels, and operational expertise. The firm's unique LP base of insurance carriers, wealth managers, and brokers creates direct customer access and validation opportunities.

New York
$1M – $5M23Leads
~Sep 2026 · Active
~1 moOpen
18
▶
Fluent Ventures

Geographic alpha — backing founders who replicate proven global business models in new geographies with strong local adaptation. The innovation supply chain now moves globally; AI accelerates replication cycles from years to months. Focus on 'camel startups' with real product-market fit and sustainable growth.

San Francisco
$250K – $2M28Both
~Oct 2026 · Active
~2 wksOpen
19
▶
PruVen Capital

Deep, structured connectivity into ten global financial services and insurance LPs dramatically accelerates go-to-market and commercialization for portfolio companies, well beyond a typical warm introduction.

Palo Alto
$5M – $30M45Both
Jun 2026 · Active
N/AN/A
20
▶
FTV Capital

Partner with exceptional B2B founders and management teams to accelerate transformative growth in AI-driven and tech-enabled companies, using a Global Partner Network of strategic executives to deliver commercial value beyond capital.

New York
$20M – $300M26Leads
Aug 2026 · Active
N/AReq'd
21
▶
SMBC Asia Rising Fund

Give rise to new business together with startup companies in Asia and develop together with Asia. Backs technology-enabled financial and commercial infrastructure that can benefit from SMBC's regional banking franchises and balance sheet.

Tokyo
$5M – $20M13Both
Aug 2026 · Active
N/AN/A
22
▶
Montage Ventures

Montage Ventures aims to support radical thinkers who are bringing new ideas and platforms to foster change within the financial services, commerce and health sectors, leveraging AI as a key transformative agent.

$250K – $1M78N/A
Jul 2026
N/AN/A
23
▶
Pentathlon Ventures

Back founders with deep domain expertise and global ambitions building B2B tech, applying an "AI-Right, Not AI-First" lens rather than chasing AI as a label.

Pune
$500K – $1M28Both
Jul 2026 · Active
N/AN/A
24
▶
Andera Partners

Companies grow best with the right partners alongside them. Andera Partners provides capital and hands-on operational support (acquisitions strategy, digitalisation, CSR, networking, internationalisation, human capital, operational improvement, financing) across six specialised strategies spanning life sciences, green infrastructure, SME/mid-cap growth capital, and mezzanine financing.

Paris
$1M – $160M289Leads
Sep 2026 · Active
N/AN/A
25
▶
Norte Ventures

Norte is a pure-follower fund built by and for founders, believing in the power of goodwill and genuine relationships in a founder-built ecosystem. They co-invest in very first rounds of Brazilian and Latam companies with high visibility, operating more like a club of entrepreneurs than traditional VC. Core conviction: networks over geniuses, continuous work over overnight success, ecosystem value over fund stake size.

$200K – $1.5M50Both
Sep 2026 · Active
~2 wksReq'd
26
▶
Mubadala

Mubadala partners with world-class companies and institutions to drive transformational growth across strategic sectors and geographies. We believe in long-term value creation through patient capital, operational expertise, and global partnerships aligned with Abu Dhabi's economic diversification.

Abu Dhabi
$5M – $5000M103Both
Sep 2026 · Active
~2 moReq'd
27
▶
Propel Venture Partners

Backs early-stage founders rebuilding how financial value is created, moved, secured, embedded, and governed, especially across fintech, financial infrastructure, AI-native financial workflows, payments, crypto infrastructure, insurance, and enterprise software for regulated institutions.

San Francisco
$500K – $5M44Both
Apr 2026 · Active
~1 wkN/A
28
▶
115K

The future of financial services will be built by technical, product-driven founders solving embedded finance, risk, and trust problems for the banking, insurance, and payments value chain, with La Banque Postale's ecosystem as a strategic distribution advantage.

Paris
$500K – $5M17Both
Apr 2026 · Active
N/AN/A
29
▶
Seraphim Capital

Space has a unique role in addressing the world's most pressing problems and represents a $trillion investment opportunity. We back visionary entrepreneurs transforming science fiction into science fact using space technology and space-based data to solve challenges in sustainability, connectivity, and digitalization at global scale.

London
$250K – $25M124Both
Sep 2026 · Active
~2 moOpen
30
▶
Saama Capital

Saama backs passionate, decisive founders building disruptive companies across Indian consumer tech, D2C brands, enterprise software, and financial services, providing capital plus long-term operating partnership.

Mumbai
$500K – $4M62Both
~Aug 2026 · Active
N/AN/A
31
▶
Index Ventures
#6 · Top 100 · 2026

We invest in who you are, not just what you do. We back visionaries and game-changers with character and global ambition. We partner long-term with founders, providing capital, operational support, and deep conviction in their vision.

San Francisco
$500K – $50M380Leads
Sep 2026 · Active
N/AReq'd
32
▶
Crosslink Capital

We invest in ambitious early-stage founders building category-defining companies. Our Alpha network of 2,000+ founders and operators provides unique sourcing and strategic support for scaling emerging enterprises.

San Francisco
$1M – $9M153Leads
Aug 2026 · Active
N/AOpen
33
▶
Propel VC

Capital for the new economy. Technologies that democratize financial services, create new financial primitives, and enable global commerce at scale are reshaping how money flows.

San Francisco
$500K – $5M32Leads
~Sep 2026 · Active
~2 wksOpen
34
▶
Walkabout Ventures

Technical 'picks-and-shovels' businesses that modernize infrastructure and back-office operations of financial and insurance services. Focus on B2B solutions rather than consumer fintech.

Los Angeles
$100K – $500K14Leads
May 2026 · Active
~2 wksOpen
35
▶
Luminar Ventures

Generalist Nordic pre-seed and seed fund backing obsessed, transparent founders with hands-on operational support, leaning B2B SaaS, data, AI and fintech.

Stockholm
$500K – $2.5M30Leads
~Oct 2026 · Active
N/AOpen
36
▶
3one4 Capital

India is at a historic convergence of consumer install base, digital infrastructure (Aadhaar/UPI/Jan Dhan), quality talent, and enterprise market growth. 3one4 backs mission-driven founders building pre-consensus transformative companies for the new Indian economy with deep operational involvement and research-led conviction.

Bengaluru, India
$500K – $5M40Leads
Jun 2026 · Active
N/AOpen
37
▶
Mosaic Ventures

AI is the most consequential technology platform shift of our lifetimes. We back outlier founders building AI-native applications at the application layer, where AI is central to why the product exists, not a bolt-on feature.

London
$1M – $10M71Both
Sep 2026 · Active
N/AN/A
38
▶
Restive Ventures

Restive backs pre-incorporation through pre-Series A founders building AI-native financial services (AiFi). It wants to be the first check and uses AI to unlock new growth, productivity, and innovation across financial services.

San Francisco
$50K – $2.5M74Leads
Sep 2026 · Active
~1 wkReq'd
39
▶
Eximius Ventures

India's only sector-differentiated pre-seed fund backing bold entrepreneurs and seasoned operators building transformative companies from India for the world, across FinTech, AI/SaaS, HealthTech, Media/Gaming, and Consumer Tech.

Gurugram, India
$250K – $500K32Both
~Sep 2026 · Active
N/AN/A
40
▶
Square Peg

Founders from Australia/NZ, Israel, and Southeast Asia will shape the future of global technology. We prioritize people above all else, backing entrepreneurs with compelling visions who assemble talented, mission-driven teams to tackle large, important problems, and back them repeatedly over time.

Sydney
$250K – $30M81Leads
Jun 2026 · Active
3+ moOpen
41
▶
FINTOP

Backing the builders rewiring finance: B2B, service-enabled SaaS and software companies selling into banks, credit unions, and other financial institutions, paired with a strategic network of ~100 banks representing $1.3T in combined assets.

Nashville
$1M – $15M75Leads
Aug 2026 · Active
N/AN/A
42
▶
Commerce Ventures

We partner with entrepreneurs building the platforms and infrastructure required for the future of retail, payments, banking and insurance. We invest in B2B commerce infrastructure that enables businesses to serve customers better. Rather than chasing consumer adoption, we build portfolios around the Commerce Continuum—interconnected solutions spanning retail, payments, banking and insurance.

San Francisco
$100K – $5M33Follows
Aug 2026 · Active
~1 moOpen
43
▶
Expansion Venture Capital

Entrepreneurs, not VCs, build great companies. We invest early in great & passionate entrepreneurs and serve as long-term partners. Available 24/7 to help founders with mentorship, product-market fit, fundraising, business development, customer acquisition, talent sourcing, and strategic partnerships.

New York
$250K – $1M33Leads
~Sep 2026 · Active
~1 wkOpen
44
▶
Inveready

Enduring performance comes from a shared structure beneath apparent diversity: tailor-made equity, debt, and hybrid structures across specialized platforms, aligning interests between investors, teams, and companies at every stage of growth.

Barcelona
$1M – $5M192N/A
Sep 2026 · Active
~2 moOpen
45
▶
Sony

We invest in technology-driven transformational companies shaping the future of business, entertainment and society. We foster Sony's future businesses through strategic early-stage venture investments, seeking technologies with potential to transform industries while building synergies with Sony Group business units.

$2M – $20M203Both
Jul 2026 · Active
~2 wksOpen
46
▶
A91 Partners

Partners to enduring businesses for tomorrow's India. We back founders building category-leading companies across consumer, financial services, and technology, bringing the entire firm to every investment rather than a single partner.

Mumbai
$10M – $50M33Leads
Sep 2026 · Active
N/AReq'd
47
▶
TTV Capital

We invest in the future of fintech: core financial technologies, fintech extended into other industries as an enablement layer, and companies using emerging technology to revolutionize financial services.

Atlanta
$2M – $7M80Leads
Jul 2026 · Active
N/AOpen
48
▶
BEENEXT

Founder-first, sector-agnostic early-stage investing in emerging markets (India, Southeast Asia, Japan, US), backing bold, technical founders and supporting them with a global community of founders and investors, not just capital.

Singapore
$200K – $2.5M22Both
Jun 2026 · Active
N/AN/A
49
▶
Grand Ventures

We invest in early-stage B2B technology companies across the US and Canada, with a focus on fintech, DevOps, and digital health. We look for founders becoming quietly mission-critical within complex, regulated, or overlooked industries, and favor commercial open-source (COSS) companies anchored to a rising open standard.

Grand Rapids, MI
$250K – $2M37Both
~Sep 2026 · Active
N/AOpen
50
▶
Frst

All you need is a Unique Insight. Frst backs exceptional, ambitious founders on Day One, often before there is a product, team, or incorporated company, evaluating opportunities through Ambition, Vision, and Execution.

Paris
$1M – $3M37Leads
Jul 2026 · Active
~1 wkN/A
51
▶
Blumberg Capital

Blumberg Capital backs visionary teams as early and growth stage investors, active board members, and hands-on advisors. They invest in transformative technology companies across enterprise software, cybersecurity, fintech, healthcare tech, and AI with particular strength in the US-Israel technology corridor.

Miami
$500K – $50M52Leads
Jun 2026 · Active
~1 moOpen
52
▶
LvlUp Ventures

LvlUp backs founders across every stage, geography, and industry, using a large distributed network of associates and scouts to source and support a very high volume of small checks, paired with accelerator and mentorship infrastructure.

New York
$1K – $1M37N/A
Aug 2026 · Active
N/AOpen
53
▶
K Fund

We invest €100k to €15M in entrepreneurs with the capacity to create differentiated technology-based products and services, backing the crazy, contrarians, and outliers from pre-seed to Series B across Southern Europe and Latin America.

Madrid
$100K – $15M95Both
~Sep 2026 · Active
N/AN/A
54
▶
Gaja Capital

Gaja Capital partners with India's mid-market entrepreneurs to build sector leaders. They invest at Series C and beyond — when product-market fit is proven — and provide active operational support (IPO prep, governance, senior hiring, strategic expansion) to accelerate the path from INR 100 crore to INR 1,000 crore in revenue. Key sectors: Education, BFSI, Consumer, Employment/HR, and Software.

Mumbai
$25M – $40M23Leads
Jun 2026 · Active
~2 moN/A
55
▶
Passion Capital

Passion Capital backs outstanding European founders building in AI, FinTech, and Enterprise Risk, investing at the pre-seed and seed stage—often before revenue or product exist. Europe's first operator-led VC fund, pioneering Plain English term sheets. Writes initial cheques of £400K–£500K as the founders' first institutional investor.

London
$500K – $625K112Both
Jul 2026 · Active
~1 moOpen
56
▶
Abstract Ventures
#28 · Emerging 100 · 2026

Backing transformative founders building exceptional companies across all sectors

San Francisco
$100K – $1M276Both
Jun 2026 · Active
N/AN/A
57
▶
ONEVC

Latin America has exceptional founding talent capable of building world-class, globally competitive companies. Founders face specific challenges including talent scarcity and limited access to experienced capital. We provide not just capital but active operational support including talent recruitment, people strategy, and strategic guidance.

São Paulo
$350K – $21.5M44Both
Aug 2026 · Active
~2 moOpen
58
▶
White Star Capital

Technology companies are becoming intertwined with the global economy more so than ever before. The most compelling founders build businesses through a broader world view. White Star Capital backs globally ambitious entrepreneurs at Series A, B, and Seed stages across North America, Europe, and Asia, helping them scale internationally through deep local presence on three continents.

London
$1M – $25M45Leads
Jul 2026 · Active
~1 moOpen
59
▶
Velocity Capital

Back innovative, capital-efficient UK technology companies from pre-seed through Series A via SEIS/EIS tax-efficient structures. Portfolio companies should reach £10M ARR within 3 years and £20M within 5 years, targeting at least 5x returns for investors. Active investor model leveraging entrepreneurial, finance, and marketing expertise.

Epsom, Surrey, UK
$250K – $1.5M47Both
~Jul 2026 · Active
~1 moOpen
60
▶
MGV

Top-performing SaaS venture fund that identifies exceptional founding talent at the earliest stages and takes an active role in their growth — particularly in scaling go-to-market and sales teams. Prioritizes founding team potential over traction or revenue metrics.

San Francisco
$500K – $750K69Follows
Jun 2026 · Active
~2 wksOpen
61
▶
Faering Capital

Disciplined, sector-focused investing that develops proprietary investment themes ahead of the market, then partners with exceptional Indian entrepreneurs to help them navigate sustainable, category-leading growth.

Mumbai
$10M – $50M32Leads
Nov 2025 · Active
N/AReq'd
62
▶
IndiaQuotient

Backing uniquely Indian products at the intersection of smartphone, big data, and design, serving large underserved Indian markets in food, water, housing, healthcare, education, and finance. Looks for founders with EQ, IQ and IndiaQ.

Mumbai
$150K – $3M63Leads
Aug 2026 · Active
N/AOpen
63
▶
Oxford Capital

Founders are the key to realizing a startup's potential; capital is the key to realizing a scaleup's potential. We back disruptors delivering a 10x value proposition to large markets, from pre-seed through growth.

Oxford, UK
$1M – $5M33Both
Jun 2026 · Active
N/AOpen
64
▶
Promus Ventures

Back ambitious DeepTech founders tackling complex problems to advance daily lives across the world. Focus on People, Product, and Potential — investing in large, mature industries (space, manufacturing, mobility, health, energy) that need foundational technology transformations. Physical AI is a core conviction: hardware and software systems that act in the physical world. Invest early (Pre-Seed/Seed) and stay long-term through IPOs and acquisitions.

Chicago
$500K – $5M70Both
Sep 2026 · Active
N/AN/A
65
▶
Second Century Ventures

The best technology startups writ-large have universal utility, and we apply them to real estate, the world's largest asset class at roughly $380 trillion. We back companies with AI, digital platforms, fintech/insurtech, and security applications relevant to real estate and adjacent verticals.

Chicago
$500K – $15M35Follows
Jun 2026 · Active
N/AOpen
66
▶
Quona Capital

Financial innovation drives transformation toward equitable, inclusive financial systems. We back fintech companies expanding access to financial services for underserved consumers and businesses in emerging markets. Impact and returns are complementary, not conflicting.

Washington
$1M – $6M75Leads
~Sep 2026 · Active
~1 moReq'd
67
▶
Opera Tech Ventures

Backing entrepreneurs that transform the face of finance, across visionary innovation, execution-driven leadership, and technologists building sustainable competitive advantages.

Paris
$3M – $15M20Both
Jan 2026 · Active
N/AN/A
68
▶
OMERS Ventures

Back ambitious founders building disruptive early-stage technology companies. We provide not just capital but access to OMERS' multi-asset institutional platform. Our permanent pension backing gives us patient, long-duration capital unconstrained by traditional 10-year fund cycles.

Toronto
$1M – $25M77Both
Sep 2026 · Active
~1 moReq'd
69
▶
Gobi Partners

Bespoke Capital for Enduring Impact. Gobi invests where capital alone is insufficient — requiring deep local relationships, sustained engagement, and informed judgment across Asia's diverse and complex markets. They focus on technology companies solving structural inefficiencies across underserved Asian markets, from fintech to deep tech to sustainable infrastructure.

Kuala Lumpur
$1M – $50M38Leads
Jun 2026 · Active
N/AN/A
70
▶
Acurio Ventures

Partner with visionary European founders at seed and Series A, leveraging the team's own operator experience and a network of 150+ international co-investors. Sector agnostic (excluding life sciences and crypto) with ~50 companies per fund. Strong focus on capital efficiency, unit economics, and realistic paths to profitability. Co-investor by default; will lead when it adds value.

Bilbao, Spain
$100K – $3M95Both
~Jul 2026 · Active
N/AOpen
71
▶
Acrew Capital
#53 · Emerging 100 · 2026

Long-term venture partnerships built on depth of thought, conviction, and dimensional thinking. We back founders with diverse lived experiences who are building transformative companies. We operate as a team sport—you don't work with individual partners, you work with Acrew. We invest in emotional intelligence, operational support, and the long arc of building meaningful companies.

San Francisco
$250K – $15M105Leads
Jul 2026 · Active
~2 wksOpen
72
▶
M25

M25 backs technical and operating founders building tech companies headquartered in the Greater Midwest, applying a rigorous scorecard (team, market, product, traction, exit & growth, funding, business plan) to reduce risk at the earliest stages while relying on an extensive regional network to syndicate rounds.

Chicago
$250K – $2M122Both
Jul 2026 · Active
N/AOpen
73
▶
Caesar Ventures

We invest before investing: writing the first institutional check into founder-led teams building technology-driven, sustainable businesses that address real, structural problems across DeepTech, GreenTech, Digital Health, and FinTech.

Berlin
$150K – $1M52Both
Jun 2026 · Active
N/AOpen
74
▶
Firstminute Capital

We invest in founders with laser-focused ambition to define technology across AI and deep tech. No stage is too early. Our role is to be their first call, fiercest champion and long-term partner from idea to impact.

London
$1.3M – $3.8M140Both
Aug 2026 · Active
N/AOpen
75
▶
Sony Innovation Fund

Actively champion founders and entrepreneurs, fostering a culture where startups thrive, while serving as the bridge to Sony that drives deeper engagements through technical expertise and network access. Focused on DeepTech, Entertainment, EnterpriseTech, Fintech/DLT, ClimateTech, and Location-Based Entertainment.

Tokyo
$500K – $20M147Follows
Aug 2026 · Active
N/AOpen
76
▶
ICONIQ Growth
#10 · Top 100 · 2026

Partnering with category-defining technology founders at critical inflection points (typically Series B, $10M ARR) through IPO and beyond. ICONIQ brings an unparalleled network of 300+ tech executive families, an 80-person dedicated venture team, and 'uncommon care' service model. AI is now a core focus with $3B+ invested in AI in 2025.

San Francisco
$10M – $200M171Leads
~Jul 2026 · Active
~2 moOpen
77
▶
Dorm Room Fund

Write the first check for founders still in school or just out, backing the builder before the idea or product is settled.

$90K – $500K319Both
Sep 2026 · Active
N/AN/A
78
▶
Fulgur Ventures

Bitcoin is a fixed-supply, neutral monetary network that civilization is being rebuilt on. Fulgur funds teams building the infrastructure, applications, and financial services layer of the Bitcoin and Lightning Network economy.

Wilmington, DE
$50K – $200K41Both
May 2026 · Active
N/AN/A
79
▶
AV8 Ventures

Partner with visionary founders to build category-defining companies in healthcare, enterprise software, fintech/insurtech, and deep technology. Provide deep operational support, board participation, and access to domain expert network. Focus on companies solving problems in regulated or data-rich industries. Leverage Allianz's unique vantage point on risk, data, and regulation to identify opportunities at intersection of innovation and regulatory necessity.

Palo Alto
$500K – $10M29Leads
Jan 2026 · Active
~2 wksOpen
80
▶
Elefund

Elevating the future with daring founders; backing early-stage companies with transformative potential across fintech, AI/enterprise infrastructure, insurance, aerospace, and consumer.

Mountain View
$500K – $5M25N/A
Feb 2026
N/AReq'd
81
▶
Nexus Venture Partners

We partner with extraordinary entrepreneurs building product-first companies that redefine their categories. In the US, we focus on transformative AI and enterprise software. In India, we back digital-native businesses solving local market problems at scale.

Menlo Park
$100K – $10M130Leads
Jun 2026 · Active
~1 moReq'd
82
▶
Morgan Creek Digital

Digital innovation across four themes (AI, Blockchain, Computing Infrastructure, Big Data) will define the next generation of transformative companies.

Busan
$250K – $10M56Leads
May 2026 · Active
N/AReq'd
83
▶
First Circle

Build transformational fintech companies addressing financial inclusion across Africa. Support founders with capital, operational expertise, and network access. Increase women's participation in tech investing and founding. The fund is thesis-led rather than market-led, targeting fintech models with cross-border expansion potential, focusing on less saturated verticals including financial infrastructure, insurtech, alternative lending, regtech/interoperability, and climate fintech — deliberately looking beyond the crowded payments sector.

Casablanca
$100K – $250K31Leads
~Apr 2026 · Active
~2 wksOpen
84
▶
Sadev Capital

Transformative businesses are co-created by a tribe combining financial, social, and intellectual capital; we back India-rooted founders with global ambition who have reached product-market fit and show a path to profitable revenue.

Gurgaon, India
$240K – $1.2M35Both
Apr 2026 · Active
N/AOpen
85
▶
Spectrum Equity

We invest in emerging and current category leaders in software, artificial intelligence, and data businesses with proven value propositions, deep customer advocacy, scalable operating leverage, and resilient recurring revenue.

Boston
$25M – $250M96Leads
Mar 2026 · Active
N/AN/A
86
▶
Tusk Venture Partners

Shifted from traditional VC to equity-for-services model. Rather than raising funds from LPs, Tusk now partners with founders by accepting equity in exchange for regulatory, legislative, and political consulting expertise to navigate highly regulated industries.

New York
$750K – $10M29Leads
Mar 2026 · Active
~2 moReq'd
87
▶
Activant Capital

Partner with relentless founders through their most defining stages of growth, using an in-house Research team to underwrite and support commerce-infrastructure and AI-native technology companies.

Greenwich, CT
$15M – $60M118Both
May 2026 · Active
N/AN/A
88
▶
Aavishkaar Capital

Leverage the confluence of consumption, financial inclusion and technology across emerging low- and middle-income populations to build sustainable, scalable businesses that benefit investors and society.

Mumbai
$5M – $25M31Leads
Mar 2026 · Active
N/AOpen
89
▶
Balderton Capital

Balderton Capital backs European-founded technology companies with visionary founders building transformative businesses. The firm combines patient capital, operational expertise, and founder support to enable European entrepreneurs to build world-class companies.

$500K – $15M200Leads
May 2026 · Active
~2 wksOpen
90
▶
CE-Ventures

Corporate venture platform of Crescent Enterprises investing in early- to late-stage high-growth companies and venture funds globally, unbound by sector or stage, across consumer, deep-tech and biotech.

Sharjah, UAE
$2M – $7M52Both
Jan 2026 · Active
N/AOpen
91
▶
Arbor Ventures

Arbor Ventures is a fintech-only fund partnering with entrepreneurs globally to shape a smarter financial future. They invest across payments, cyber, insurance, regtech, AI/ML, marketplaces, capital markets, and blockchain — taking an expansive view of fintech across geographies with no place considered too far.

Singapore
$1M – $10M37Both
Jan 2026 · Active
~2 moOpen
92
▶
Burst Capital

Helpful investors in marketplace and SaaS businesses founded by operators who grew Yelp from zero to $1B revenue through IPO

Palo Alto
$500K – $5M105Leads
Mar 2026 · Active
~2 wksN/A
93
▶
Core Innovation Capital

The greatest returns come from the most overlooked markets where businesses outperform because they create value. We invest in early-stage technology companies that unlock wealth and health for the mass market — in massively regulated, operationally complex sectors that are broken and overdue for reinvention: financial services, healthcare, real estate, insurance, and work.

Los Angeles
$1M – $5M66Leads
Dec 2025 · Active
~1 moReq'd
94
▶
OCA Ventures

We help bold, creative, and humble founders build great companies by providing hands-on operational support, strategic guidance, and valuable ecosystem connections. We specialize in fintech, insurtech, digital health, and enterprise software where we can add deep value beyond capital.

Chicago
$1M – $3M75Both
Jan 2026 · Active
~2 wksOpen
95
▶
Elaia

A full stack investor for a complex world, backing tech disruptors with performance, values and care. Elaia partners with ambitious, technical founders from inception to leadership across two dedicated strategies: Digital Venture (B2B SaaS, AI, fintech, adtech, e-commerce) and DeepTech Seed (energy, aerospace, robotics, biotech, semiconductors), sourcing heavily from research institutions and lab spinouts.

Paris
$1M – $16M95Both
Feb 2026 · Active
~1 moReq'd
96
▶
Serena Capital

We back bold entrepreneurs who think big and are committed to becoming the next major tech players. We invest from pre-seed to series A with strong operational support, focusing on technology-driven solutions across AI, climate tech, fintech, SaaS, and impact-driven sectors.

$100K – $15M121Leads
Dec 2025 · Active
~2 wksOpen
97
▶
Impact America Fund

Tech-enabled businesses built for and by people in marginalized communities create new frameworks of ownership and opportunity. Traditional VCs miss billion-dollar markets in overlooked communities.

Oakland
$250K – $3M32Leads
Nov 2025 · Active
~1 moReq'd
98
▶
ATX Venture Partners

Seeking early-stage alpha through institutional discipline. ATX VP invests in people pioneering the future by combining Wall Street rigor with deep operating experience. Core focus on disruptive B2B software, APIs, frontier tech, and marketplaces across Supply Chain, FinTech, InsurTech, HR Tech, Aerospace, and Future of Work.

Austin
$250K – $5M42Leads
Oct 2025 · Active
N/AOpen
99
▶
AfterWork Ventures

Backing companies making a dent in the universe. We prioritize obsessively passionate founding teams and ambition over any specific industry vertical, powered by a 120+ member community of tech operators who source deal flow and support portfolio companies.

Sydney
$100K – $500K48Follows
Aug 2025 · Active
N/AN/A
100
▶
Diagram Ventures

High-conviction, early-stage investments in Fintech and Climatetech markets Diagram knows deeply through its own venture-building operations, partnering with founders on ambitious problems in large markets.

Montreal
$250K – $5M36Both
Feb 2025 · Active
N/AOpen
101
▶
Musha Ventures

Disciplined, Africa-focused seed investing backing exceptional founding teams solving real African problems with technology-enabled solutions demonstrating strong unit economics, capital efficiency, and ability to scale across emerging markets. Emphasis on founder quality, fundamental unit economics, sufficient capital for 18-24 month runway, and reasonable entry valuations.

New York
$25K – $500K164Leads
Aug 2025 · Active
~1 moOpen
102
▶
Hanaco Ventures

Back exceptional founders — primarily from Israel — building transformative companies in cybersecurity, fintech, AI, digital health, and deep tech. Offer true partnership beyond capital: hands-on guidance, global network access (Softbank, Fujitsu, NTT, Vodafone), and unwavering support from first check through exit. Invest across both early and growth stages via two parallel fund families.

Herzliya, Israel
$2M – $100M55Leads
Jun 2025 · Slowing
~1 moN/A
103
▶
West Hill Capital

West Hill sources and syndicates £1-30m EIS/SEIS-qualifying capital raisings for high-growth UK and European technology and financial services businesses with strong IP, credible management with skin in the game, and a clear route to exit, drawing on a corporate finance network built over three decades.

London
$1.3M – $25M33Both
Jan 2024 · Active
N/AOpen
104
▶
Freesearch Ventures

Back experienced IT and Fintech founders with early PMF signals and global ambition targeting TAMs >$1B. Emphasize cross-border scalability across EU, US, MENA, and Southeast Asia.

Singapore
$300K – $1.5M14Both
Jan 2025 · Active
~1 moOpen
105
▶
100Unicorns

Identify outlier early-stage Indian founders and back them with capital plus hands-on acceleration (mentorship, sector anchors, governance coaching, and a global demo day) to compound a portfolio of category leaders and future unicorns, emulating the Y Combinator model for India.

Mumbai
$250K – $3M116Both
Jan 2025 · Active
~1 moOpen
106
▶
Carthona Capital

Hands-on, proactive, thematic venture capital investor. Identifies major global trends and invests early across enterprise software, fintech, consumer tech, legal tech, proptech, aerospace, and climate. Strong follow-on discipline — has participated in up to 8 rounds with a single portfolio company. Invests primarily at Pre-Seed, Seed, and Series A with a global outlook from an Australian home base.

Sydney
$250K – $5M29Both
Nov 2024 · Active
~1 moOpen

Investment Patterns

Check Size Distribution

<$500K
7 (7%)
$500K-$1M
13 (12%)
$1M-$2M
11 (10%)
$2M-$5M
26 (25%)
$5M-$10M
19 (18%)
$10M+
30 (28%)

Stage Coverage

What other stages do these firms also invest in?

Pre-Seed
57%
Seed
87%
Series A
77%
Series B
41%
Growth
15%
series_c
12%

Sector Overlap

What other sectors do these firms also invest in?

Fintech Payments
94%
Enterprise Software
77%
Healthcare Digital
64%
Insurance
55%
Developer Tools Infra
51%
Security Cyber
48%
Climate Clean Energy
41%
Logistics Supply Chain
35%

Frequently Asked Questions

Q

How many Insurance investors does F4 track in 2026?

F4 Fund tracks 106 VC firms that actively invest in insurance. Ranked by sector depth: the share of each firm's classified portfolio in this sector, its absolute count of investments here, and how recently it last invested. Firms need at least three portfolio companies in the sector to appear.

Q

What is the typical check size for insurance investors?

Based on F4's analysis, the median check size for insurance investors is $3M, with a full range from $1K – $5000M. The distribution breaks down as: 7 firms in the <$500K range, 13 firms in the $500K-$1M range, 11 firms in the $1M-$2M range, 26 firms in the $2M-$5M range, 19 firms in the $5M-$10M range, 30 firms in the $10M+ range.

Q

Do insurance investors lead rounds?

Among the 106 firms tracked, 89% lead or co-lead rounds, and 6% typically follow. Founders seeking a lead investor should filter for firms marked "Leads" or "Both" in the rankings table above. Lead investors typically set deal terms and anchor the round.

Q

What should I look for in a insurance investor?

The best insurance investors combine domain expertise with an active portfolio in the space. Among these firms, 25% prefer warm introductions, and the average firm has 76 portfolio companies. Look for firms whose check size matches your raise, whose stage preference aligns with yours, and who have a track record of supporting companies in your sector through multiple growth phases.

Q

How often is this insurance investor data updated?

Firm profiles are continuously updated through F4's research pipeline, which combines LLM-powered web research, portfolio analysis, and transcript extraction. The ranking data refreshes every 12 hours. Editorial analysis is reviewed weekly. Individual firm profiles are re-researched on a 30-day cycle or when new information surfaces.

Related Investor Categories

Investors on this page also frequently invest in these sectors

Fintech & Payments94%›
Enterprise Software77%›
Healthcare & Digital Health64%›
Developer Tools & Infrastructure51%›
Security & Cybersecurity48%›
Climate & Sustainability41%›