78 VC firms investing in insurance, ranked by portfolio depth and activity.
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 Fund tracks 78 VC firms that actively invest in insurance, with check sizes ranging from $1K – $300M (median: $2.8M). As of September 2026, 88% of these firms lead or co-lead rounds. Rankings are based on F4's proprietary analysis of 2,037+ researched VC firms. Ranked by how much of each firm's portfolio is actually in this sector, and how recently it invested.
| # | Firm | Check Size | Portfolio | Leads? | Activity | Decision | Intro |
|---|---|---|---|---|---|---|---|
| 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 – $3M | 18 | Both | Active | ~1 mo | Req'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 – $40M | 54 | Leads | Active | ~2 mo | Open |
| 3 | ▶ 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 – $15M | 62 | Leads | Active | N/A | N/A |
| 4 | ▶ 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 – $5M | 60 | Both | Active | ~2 wks | Open |
| 5 | ▶ 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 – $15M | 5 | Both | Active | N/A | N/A |
| 6 | ▶ 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 – $5M | 41 | Leads | Active | ~1 mo | Open |
| 7 | ▶ 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 – $4M | 62 | Leads | Active | ~2 wks | N/A |
| 8 | ▶ 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 – $20M | 107 | Both | Active | ~2 mo | Open |
| 9 | ▶ 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 – $1.5M | 40 | N/A | Active | N/A | N/A |
| 10 | ▶ 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 – $2M | 24 | Both | Active | ~2 wks | Open |
| 11 | ▶ 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 – $5M | 23 | Leads | Active | ~1 mo | Open |
| 12 | ▶ 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 – $300M | 26 | Leads | Active | N/A | Req'd |
| 13 | ▶ 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 – $10M | 20 | N/A | 3mo | ~2 mo | Req'd |
| 14 | ▶ 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 – $20M | 13 | Both | Active | N/A | N/A |
| 15 | ▶ 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 – $1M | 28 | Both | Active | N/A | N/A |
| 16 | ▶ 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 – $5M | 44 | Both | Active | ~1 wk | N/A |
| 17 | ▶ 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 – $5M | 17 | Both | Active | N/A | N/A |
| 18 | ▶ 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 – $500K | 14 | Leads | Active | ~2 wks | Open |
| 19 | ▶ 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 – $5M | 40 | Leads | Active | N/A | Open |
| 20 | ▶ 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 – $30M | 81 | Leads | Active | 3+ mo | Open |
| 21 | ▶ 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 – $2.5M | 22 | Both | Active | N/A | N/A |
| 22 | ▶ 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 – $50M | 52 | Leads | Active | ~1 mo | Open |
| 23 | ▶ 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 – $40M | 23 | Leads | Active | ~2 mo | N/A |
| 24 | ▶ 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 – $1.5M | 50 | Both | Active | ~2 wks | Req'd |
| 25 | ▶ Abstract Ventures #28 · Emerging 100 · 2026 Backing transformative founders building exceptional companies across all sectors San Francisco | $100K – $1M | 276 | Both | Active | N/A | N/A |
| 26 | ▶ 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 – $4M | 62 | Both | Active | N/A | N/A |
| 27 | ▶ 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 – $50M | 380 | Leads | Active | N/A | Req'd |
| 28 | ▶ 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 – $9M | 153 | Leads | Active | N/A | Open |
| 29 | ▶ 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 – $750K | 32 | Follows | Active | ~2 wks | Open |
| 30 | ▶ 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 – $50M | 32 | Leads | Active | N/A | Req'd |
| 31 | ▶ 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 – $15M | 75 | Leads | Active | N/A | N/A |
| 32 | ▶ 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 – $5M | 33 | Follows | Active | ~1 mo | Open |
| 33 | ▶ 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 – $1M | 33 | Leads | Active | ~1 wk | Open |
| 34 | ▶ 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 – $20M | 203 | Both | Active | ~2 wks | Open |
| 35 | ▶ 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 – $5M | 33 | Both | Active | N/A | Open |
| 36 | ▶ 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 – $7M | 80 | Leads | Active | N/A | Open |
| 37 | ▶ 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 – $15M | 35 | Follows | Active | N/A | Open |
| 38 | ▶ 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 – $15M | 20 | Both | Active | N/A | N/A |
| 39 | ▶ 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 – $3M | 37 | Leads | Active | ~1 wk | N/A |
| 40 | ▶ 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 – $50M | 38 | Leads | Active | N/A | N/A |
| 41 | ▶ 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 – $1M | 37 | N/A | Active | N/A | Open |
| 42 | ▶ 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 – $15M | 95 | Both | Active | N/A | N/A |
| 43 | ▶ 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 – $625K | 112 | Both | Active | ~1 mo | Open |
| 44 | ▶ 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 – $25M | 45 | Leads | Active | ~1 mo | Open |
| 45 | ▶ 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 – $1.5M | 47 | Both | Active | ~1 mo | Open |
| 46 | ▶ 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 – $1M | 52 | Both | Active | N/A | Open |
| 47 | ▶ 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 – $3M | 63 | Leads | Active | N/A | Open |
| 48 | ▶ 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 – $200K | 41 | Both | Active | N/A | N/A |
| 49 | ▶ 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 – $3M | 95 | Both | Active | N/A | Open |
| 50 | ▶ 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 – $15M | 105 | Leads | Active | ~2 wks | Open |
| 51 | ▶ 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 – $10M | 29 | Leads | Active | ~2 wks | Open |
| 52 | ▶ 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 – $5M | 25 | N/A | 1mo | N/A | Req'd |
| 53 | ▶ 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 – $3.8M | 140 | Both | Active | N/A | Open |
| 54 | ▶ 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 – $20M | 147 | Follows | Active | N/A | Open |
| 55 | ▶ 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 – $200M | 171 | Leads | Active | ~2 mo | Open |
| 56 | ▶ 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 – $250K | 31 | Leads | Active | ~2 wks | Open |
| 57 | ▶ 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 – $1.2M | 35 | Both | Active | N/A | Open |
| 58 | ▶ 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 – $10M | 29 | Leads | Active | ~2 mo | Req'd |
| 59 | ▶ 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 – $60M | 118 | Both | Active | N/A | N/A |
| 60 | ▶ 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 – $25M | 31 | Leads | Active | N/A | Open |
| 61 | ▶ 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 – $15M | 200 | Leads | Active | ~2 wks | Open |
| 62 | ▶ 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 – $10M | 37 | Both | Active | ~2 mo | Open |
| 63 | ▶ 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 – $5M | 105 | Leads | Active | ~2 wks | N/A |
| 64 | ▶ 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 – $5M | 66 | Leads | Active | ~1 mo | Req'd |
| 65 | ▶ 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 – $3M | 75 | Both | Active | ~2 wks | Open |
| 66 | ▶ 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 – $16M | 95 | Both | Active | ~1 mo | Req'd |
| 67 | ▶ 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 – $5M | 31 | Leads | Active | ~2 wks | Open |
| 68 | ▶ 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 – $15M | 115 | Leads | Active | ~2 wks | Open |
| 69 | ▶ 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 – $3M | 32 | Leads | Active | ~1 mo | Req'd |
| 70 | ▶ 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 – $5M | 42 | Leads | Active | N/A | Open |
| 71 | ▶ 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 – $500K | 48 | Follows | Active | N/A | N/A |
| 72 | ▶ 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 – $500K | 64 | Leads | Active | ~1 mo | Open |
| 73 | ▶ 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 – $5M | 36 | Both | Active | N/A | Open |
| 74 | ▶ 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 – $100M | 55 | Leads | Slowing | ~1 mo | N/A |
| 75 | ▶ 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 – $1.5M | 14 | Both | Active | ~1 mo | Open |
| 76 | ▶ 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 – $25M | 33 | Both | Active | N/A | Open |
| 77 | ▶ 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 – $3M | 116 | Both | Active | ~1 mo | Open |
| 78 | ▶ 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 – $5M | 29 | Both | Active | ~1 mo | Open |
Investors on this page also frequently invest in these sectors
What other stages do these firms also invest in?
What other sectors do these firms also invest in?
F4 Fund tracks 78 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.
Based on F4's analysis, the median check size for insurance investors is $2.8M, with a full range from $1K – $300M. The distribution breaks down as: 5 firms in the <$500K range, 11 firms in the $500K-$1M range, 7 firms in the $1M-$2M range, 22 firms in the $2M-$5M range, 15 firms in the $5M-$10M range, 18 firms in the $10M+ range.
Among the 78 firms tracked, 88% 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.
The best insurance investors combine domain expertise with an active portfolio in the space. Among these firms, 20% prefer warm introductions, and the average firm has 65 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.
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.