30 VC firms investing in insurance, ranked by portfolio depth and activity.
F4 Fund tracks 30 VC firms that actively invest in insurance, with check sizes ranging from $100K – $100M (median: $3M – $3M). As of April 2026, and 90% lead or co-lead rounds. Rankings are based on F4's proprietary analysis of 1,092+ researched VC firms, scored by data completeness, portfolio depth, investment recency, and stage alignment.
| # | Firm | Check Size | Portfolio | Leads? | Activity | Decision | Intro |
|---|---|---|---|---|---|---|---|
| 1 | ▶ FinTech Collective Global fintech venture firm backing founders with vision and persistence to reshape financial markets. Operator-centric approach combining deep FinTech expertise with emerging markets knowledge. Invest early (often first institutional investor) without requiring product-market fit or revenue scale. Consensus-based partnership model where portfolio companies access entire firm's expertise. New York | $500K – $12M | 30 | Leads | Active | ~2 wks | Req'd |
| 2 | ▶ 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 – $20M | 20 | Leads | Active | ~2 wks | Open |
| 3 | ▶ 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 | 55 | Leads | Active | ~2 wks | — |
| 4 | ▶ 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 | 100 | Both | Active | ~2 mo | Open |
| 5 | ▶ 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 | 72 | Both | Active | ~2 wks | Open |
| 6 | ▶ 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 – $15M | 25 | Leads | Active | ~2 mo | Open |
| 7 | ▶ 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 | 20 | Leads | Active | ~1 mo | Open |
| 8 | ▶ Blank Ventures Advancing the economic yield of financial innovation at the intersection of fintech and commerce infrastructure. Small, operator-led team that concentrates capital, networks, and resources on limited set of long-term partnerships. San Francisco | $500K – $2M | 19 | Leads | Active | ~2 wks | Req'd |
| 9 | ▶ Deciens Capital Financial services are the foundational infrastructure of modern society. The sector is ripe for disruption through technology and deep understanding of structural inefficiencies. We back visionary founders at the earliest stage who are transforming how capital, risk, and financial access operate globally. Albuquerque, New Mexico | $1M – $15M | 19 | Leads | Active | ~1 mo | Open |
| 10 | ▶ Abstract Ventures Backing transformative founders building exceptional companies across all sectors San Francisco | $100K – $1M | 271 | Both | Active | — | — |
| 11 | ▶ 13books Capital We partner with Europe's best fintech founders with ambitions to scale globally. Meaningful change takes time—we build lasting relationships with founders rather than making transactional investments. We believe in commitment beyond capital and support founders through their entire journey. London | $500K – $2.5M | 37 | Leads | Active | — | Open |
| 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 – $5M | 37 | Leads | Active | ~1 mo | Open |
| 13 | ▶ 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 – $1M | 50 | — | 2mo | — | — |
| 14 | ▶ 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 | 25 | Follows | Active | ~1 mo | Open |
| 15 | ▶ Tusk Venture Partners Early-stage technology companies operating in highly regulated markets can achieve extraordinary growth when founders understand how to turn regulatory and political risk into a competitive advantage. We provide not just capital but also political expertise and government relations support to help solve the regulatory gating issues that unlock growth. New York | $750K – $10M | 25 | Leads | Active | ~2 mo | Req'd |
| 16 | ▶ Core Innovation Capital The greatest returns come from the most overlooked markets where businesses outperform because they create value. We invest in technology companies operating 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 | 42 | Leads | Active | ~1 mo | Req'd |
| 17 | ▶ Equal Ventures Bridging the digital divide by investing in founders deploying technology within legacy industries (climate/energy, insurance, retail, supply chain). We make high-conviction bets at the deployment phase of technology cycles, before they are consensus. New York | $1.5M – $1.5M | 22 | Leads | Active | ~1 mo | Req'd |
| 18 | ▶ 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 | 56 | Both | Active | ~2 wks | Open |
| 19 | ▶ 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 | 20 | Leads | Active | ~2 wks | Open |
| 20 | ▶ 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 | — | 2mo | ~2 mo | Req'd |
| 21 | ▶ Inertia Ventures B2B AI/ML software companies disrupting legacy industries (real estate, finance, insurance, logistics). We provide capital plus hands-on operational support. New York | $2M – $15M | 47 | Leads | Active | ~2 wks | Req'd |
| 22 | ▶ Kindred Ventures Kindred backs visionary and relentless founders building the future using technology and science. They invest at the earliest stages, often helping form companies before they exist. They believe in AGI for good, decentralized fair systems, personalized well-being, quiet electric transportation, and inevitable but yet-to-be-imagined technologies. San Francisco | $500K – $5M | 47 | Leads | Active | ~2 wks | Req'd |
| 23 | ▶ Moderne Ventures Generalist investors with vertical expertise. We invest in bold, broad, multi-vertical technology companies applicable to multi-trillion dollar industries (real estate, finance, insurance, sustainability). Our distinctive Moderne Passport program creates value by connecting 1,500+ corporate executives with portfolio companies, generating customers, strategic partnerships, and operational guidance. Chicago | $2M – $25M | 20 | Leads | Active | ~2 wks | Req'd |
| 24 | ▶ Cake Ventures We invest in founders with global ambitions creating products that meet tomorrow's internet users' needs through demographic change. Focus on aging & longevity, spending power of women, and the new majority (majority-minority shift). San Francisco | $200K – $750K | 18 | Both | Active | ~2 wks | Open |
| 25 | ▶ Anthemis Group Architect a more equitable, sustainable and human-centered digital economy where technology and innovation work together in service of a better society. We deploy financial, human and intellectual capital in service of a better system, backing early-stage founders at intersections of industry, technology and society. London | $1M – $10M | 15 | Leads | Active | ~1 mo | Req'd |
| 26 | ▶ R136 Ventures Identifies inflection points through proprietary Discovery Engine and backs founders who see opportunities others miss. Focuses on AI-driven transformation of B2B software and financial services, with deep technical due diligence analyzing 250+ data points. Woodside, CA | $2M – $20M | 40 | Both | Active | ~1 mo | Open |
| 27 | ▶ 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 | 25 | Leads | Active | ~1 wk | Open |
| 28 | ▶ 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 | 40 | Leads | Active | ~1 mo | Open |
| 29 | ▶ Cathay Innovation Startups positioned as transformation partners with Fortune 500 corporates create the most impactful solutions. We believe the next generation of market leaders will emerge through collaborative innovation between startups and incumbent enterprises, supported by global expertise and capital. Paris | $5M – $100M | 12 | Both | Active | ~1 mo | Req'd |
| 30 | ▶ TheoryForge Operator-led fund investing in ambitious founders building transformative AI applications. We partner with technical founders who understand AI/ML deeply and are solving real customer problems with capital efficiency. Great product is always the best marketing. | $200K – $500K | 32 | Both | Active | ~2 wks | Req'd |
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?
Firms that frequently co-invest with investors on this page
F4 Fund tracks 30 VC firms that actively invest in insurance. These firms are ranked using a composite score that weighs data completeness (30%), portfolio depth (30%), investment recency (25%), and stage alignment (15%).
Based on F4's analysis, the median check size for insurance investors is $3M – $3M, with a full range from $100K – $100M. The distribution breaks down as: 2 firms in the <$500K range, 3 firms in the $500K-$1M range, 3 firms in the $1M-$2M range, 8 firms in the $2M-$5M range, 8 firms in the $5M-$10M range, 6 firms in the $10M+ range.
Among the 30 firms tracked, 90% lead or co-lead rounds, and 3% 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, 44% prefer warm introductions, and the average firm has 42 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.