Venture investment platform Anthemis has raised $90 million for a new insurtech-focused fund directed at companies driving significant impact within the insurance industry.
Anthemis Insurance Venture Growth Fund I (AIVGF I) was made possible thanks to backing from Aflac Global Ventures, Sumitomo Life and Nürnberger Versicherung in partnership with Daido Life Insurance Company.
The firm has been active in the insurance and wider finance space for a decade and has over half a billion in assets under management.
“We are pleased to start this partnership with Anthemis by investing in Anthemis Insurance Venture Growth Fund I,” said Aflac Global Ventures President Nadeem Khan.
“Anthemis has developed a strong investment track record, at the intersection of innovation and insurance. As we look ahead to the next wave of transformation, we are confident that Anthemis will continue to be at the forefront of the industry.”
Anthemis has also appointed Kate Sampson as Managing Director. She previously served as Vice President of Risk Solutions at Lyft and in various leadership roles at Marsh & McLennan.
Sampson is well-known in the industry and holds a reputation for working with disruptive startups, taking them from early-stage to venture growth.
“Having worked with high-growth startups and incumbents, I have seen first-hand how an organization like Anthemis can bring an incredible amount of value and shape the future of insurance,” said Sampson.
“The firm’s commitment to authentic collaboration and investing in diverse talent is an important part of what makes Anthemis special, and certainly makes this the perfect next step for me. I’m excited for what is ahead.”
Anthemis Founder and Chief Investment Officer Sean Park, added, “This is a huge milestone for Anthemis as we approach the close of our first decade as a business.
“Insurance and risk management will propel much of the true transformation we see in financial services.
“With the maturation of our portfolio companies and the industry more broadly, it is a natural evolution for us to be active participants in the venture growth space. I’m very proud of the team that we have assembled and look forward to our next chapter.”
